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Canada Life Canadian Growth Balanced Fund - A Series

Canadian Equity Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(04-16-2024)
$11.87
Change
-$0.01 (-0.12%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Canada Life Canadian Growth Balanced Fund - A Series

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Fund Returns

Inception Return (September 09, 2020): 6.75%

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 0.88% 3.50% 9.41% 3.50% 6.56% 4.99% 6.40% - - - - - - -
Benchmark 3.22% 4.61% 13.14% 4.61% 10.92% 3.03% 6.47% 12.42% 7.64% 7.62% 6.76% 7.65% 6.20% 6.37%
Category Average 1.89% 12.32% 12.32% 4.51% 10.27% 3.64% 5.44% 10.47% 6.12% 5.79% 5.14% 5.88% 4.79% 5.04%
Category Rank 325 / 376 356 / 375 368 / 374 356 / 375 353 / 372 122 / 369 120 / 360 - - - - - - -
Quartile Ranking 4 4 4 4 4 2 2 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.41% -2.41% 2.88% 0.06% -0.65% -2.83% -2.39% 5.32% 2.82% 0.18% 2.42% 0.88%
Benchmark 2.40% -4.11% 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22%

Best Monthly Return Since Inception

7.18% (July 2022)

Worst Monthly Return Since Inception

-3.49% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 11.14% -2.95% 8.46%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking - - - - - - - 4 1 3
Category Rank - - - - - - - 328/ 360 41/ 368 265/ 372

Best Calendar Return (Last 10 years)

11.14% (2021)

Worst Calendar Return (Last 10 years)

-2.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 35.72
US Equity 15.60
Canadian Government Bonds 14.73
Canadian Corporate Bonds 14.18
International Equity 11.00
Other 8.77

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 30.66
Financial Services 12.58
Industrial Services 10.32
Technology 7.54
Consumer Services 7.42
Other 31.48

Geographic Allocation

Geographic Allocation
Name Percent
North America 88.92
Europe 11.00
Latin America 0.06
Asia -0.03
Other 0.05

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.01
CAE Inc 3.45
Stantec Inc 3.33
Intact Financial Corp 3.30
Royal Bank of Canada 3.27
Ontario Province 3.65% 02-Jun-2033 3.06
Quebec Province 3.60% 01-Sep-2033 2.88
Aon PLC Cl A 2.87
Accenture PLC Cl A 2.84
Schneider Electric SE 2.81

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Canada Life Canadian Growth Balanced Fund - A Series

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.15% - -
Beta 0.75% - -
Alpha 0.01% - -
Rsquared 0.84% - -
Sharpe 0.44% - -
Sortino 0.66% - -
Treynor 0.05% - -
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 - -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.58% 9.15% - -
Beta 0.73% 0.75% - -
Alpha -0.01% 0.01% - -
Rsquared 0.85% 0.84% - -
Sharpe 0.23% 0.44% - -
Sortino 0.75% 0.66% - -
Treynor 0.03% 0.05% - -
Tax Efficiency 99.27% - - -

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 Annual
Assets ($mil) $105

Fund Codes

FundServ Code Load Code Sales Status
MAX7801
MAX7901
MAX8001

Investment Objectives

The Fund seeks to generate capital appreciation and income over time by investing primarily in Canadian equity and fixed income securities. The Fund may also invest in foreign equity and fixed income securities. The Fund will pursue this objective by investing in securities directly and/or by investing in other investment funds.

Investment Strategy

The Fund’s asset mix will generally be kept within the following target ranges: 60-90% equity securities, 10-40% fixed income securities, including cash and cash equivalents. The asset allocation portfolio manager will adjust the percentage of the Fund invested in each asset class based on changes in the market outlook for each asset class.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 08-19-2022
Canada Life Investment Management Ltd. 08-19-2022

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 2.27%
Management Fee 1.85%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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