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Canada Life Global Multi-Sector Fixed Income Fund A

Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024)
$8.41
Change
$0.00 (-0.01%)

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Canada Life Global Multi-Sector Fixed Income Fund A

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Fund Returns

Inception Return (September 09, 2020): -1.70%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.79% 0.10% 3.32% 0.49% 5.35% 0.64% -2.60% - - - - - - -
Benchmark 0.36% 0.25% 2.51% 1.14% 3.90% 3.99% -0.62% -2.14% -0.29% 1.11% 0.59% 1.38% 2.20% 2.99%
Category Average 1.21% 3.30% 3.30% 0.21% 4.74% - - - - - - - - -
Category Rank 238 / 277 240 / 276 141 / 275 140 / 275 119 / 266 224 / 260 232 / 257 - - - - - - -
Quartile Ranking 4 4 3 3 2 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.46% 0.51% -0.38% -1.41% -0.64% 3.48% 2.81% 0.30% 0.09% 0.88% -1.55% 0.79%
Benchmark -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36%

Best Monthly Return Since Inception

3.48% (November 2023)

Worst Monthly Return Since Inception

-4.37% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -1.28% -14.40% 7.84%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - - 4 4 2
Category Rank - - - - - - - 190/ 248 252/ 258 72/ 266

Best Calendar Return (Last 10 years)

7.84% (2023)

Worst Calendar Return (Last 10 years)

-14.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 42.19
Foreign Corporate Bonds 35.07
Mortgages 11.45
Cash and Equivalents 7.71
Foreign Bonds - Other 3.15
Other 0.43

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.29
Cash and Cash Equivalent 7.71

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.42
Latin America 19.46
Europe 8.57
Africa and Middle East 0.55

Top Holdings

Top Holdings
Name Percent
Canada Life Global Multi-Sector Bond Fund A 100.00
Cash and Cash Equivalents 0.00

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Canada Life Global Multi-Sector Fixed Income Fund A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.18% - -
Beta 0.62% - -
Alpha -0.02% - -
Rsquared 0.46% - -
Sharpe -0.86% - -
Sortino -1.05% - -
Treynor -0.09% - -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 - -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.17% 6.18% - -
Beta 0.59% 0.62% - -
Alpha 0.03% -0.02% - -
Rsquared 0.38% 0.46% - -
Sharpe 0.10% -0.86% - -
Sortino 0.87% -1.05% - -
Treynor 0.01% -0.09% - -
Tax Efficiency 66.70% - - -

Fund Details

Start Date September 09, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $10

Fund Codes

FundServ Code Load Code Sales Status
MAX7809
MAX7909
MAX8009

Investment Objectives

The Fund seeks to provide high income and return by investing primarily in a global multi-sector bond portfolio with a focus on the potential for risk-adjusted returns. Any proposed change to the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

The Fund uses an asset allocation strategy to build a broadly diversified portfolio of global debt instruments, including government and corporate bonds; mortgage-backed, and asset-backed securities; and preferred stocks. The Fund may invest in assets of non-investment grade securities and foreign currency-denominated securities including those from emerging market countries. The Fund employs a fundamental, valuation driven investment style.

Portfolio Manager(s)

Name Start Date
Brandywine Global Investment Management, LLC 04-26-2024
Canada Life Investment Management Ltd. 04-26-2024

Management and Organization

Fund Manager Canada Life Investment Management Ltd.
Advisor Canada Life Investment Management Ltd.
Custodian CIBC Mellon Trust Company
Registrar Mackenzie Investments
Distributor Quadrus Investment Services Limited
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.93%
Management Fee 1.55%
Load Choice of Front or No Load
FE Max 0.50%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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