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Canada Life Floating Rate Income Fund A

Floating Rate Loan

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$7.75
Change
$0.00 (0.00%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Canada Life Floating Rate Income Fund A

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Fund Returns

Inception Return (July 07, 2014): 2.56%

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 0.32% 1.60% 4.14% 4.14% 8.85% 6.58% 2.61% 4.29% 1.77% 1.80% 2.35% 3.33% 2.66% -
Benchmark -0.30% 2.13% 5.33% 5.33% 13.25% 16.55% 6.25% 6.37% 4.73% 4.21% 3.99% 4.77% 4.74% 4.59%
Category Average 0.27% 3.15% 3.15% 3.15% 8.13% 7.37% 3.21% 4.80% 2.76% 2.82% 2.96% 3.44% 2.95% 3.11%
Category Rank 56 / 78 50 / 78 48 / 78 48 / 78 60 / 77 62 / 77 62 / 76 61 / 76 60 / 71 61 / 68 59 / 68 42 / 57 45 / 55 -
Quartile Ranking 3 3 3 3 4 4 4 4 4 4 4 3 4 -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.84% 0.90% 0.61% -0.28% 1.02% 1.34% 1.09% 0.78% 0.62% 0.36% 0.92% 0.32%
Benchmark 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28% 0.84% 1.58% -0.30%

Best Monthly Return Since Inception

2.94% (January 2023)

Worst Monthly Return Since Inception

-12.99% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -1.86% 9.75% 5.79% 1.64% 3.99% -1.83% 3.49% -6.25% 9.75%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking - 4 2 2 3 4 4 4 4 3
Category Rank - 50/ 55 24/ 56 19/ 59 35/ 68 63/ 70 74/ 76 59/ 76 71/ 76 50/ 77

Best Calendar Return (Last 10 years)

9.75% (2016)

Worst Calendar Return (Last 10 years)

-6.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 93.62
Canadian Government Bonds 2.02
Cash and Equivalents 1.37
Canadian Corporate Bonds 0.94
Canadian Equity 0.75
Other 1.30

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.40
Cash and Cash Equivalent 1.37
Industrial Goods 0.36
Consumer Goods 0.27
Utilities 0.17
Other 0.43

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.10
Europe 4.80
Multi-National 0.05
Latin America 0.02
Other 0.03

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 4.79% 15-Sep-2026 2.02
Hunter Douglas Inc. Term Loan B 1st Lien F/R 25-Feb-2029 1.60
Cash and Cash Equivalents 1.47
Restaurant Brands Term Loan 1st Lien Sr F/R 12-Sep-2030 1.34
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R 1.29
Jadex Inc. Term Loan 1st Lien F/R 1.25
OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 1.18
Northleaf Private Credit II LP MI 15 1.18
KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 1.07
Upfield USA Corp. Term Loan B 1st Lien Sr F/R 02-Jan-2028 1.04

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Canada Life Floating Rate Income Fund A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.64% 6.97% -
Beta 0.22% 0.62% -
Alpha 0.01% -0.01% -
Rsquared 0.20% 0.56% -
Sharpe -0.10% -0.01% -
Sortino -0.13% -0.16% -
Treynor -0.02% 0.00% -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.48% 3.64% 6.97% -
Beta -0.01% 0.22% 0.62% -
Alpha 0.09% 0.01% -0.01% -
Rsquared 0.00% 0.20% 0.56% -
Sharpe 2.47% -0.10% -0.01% -
Sortino - -0.13% -0.16% -
Treynor -5.39% -0.02% 0.00% -
Tax Efficiency 59.26% - - -

Fund Details

Start Date July 07, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $244

Fund Codes

FundServ Code Load Code Sales Status
MAX7821
MAX7921
MAX8021

Investment Objectives

The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world. 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

To achieve the Fund’s investment strategies, the Fund may invest up to 100% of its assets in securities of Underlying Funds, including ETFs, with such Underlying Funds expected to be primarily Underlying Funds that are managed by us or one of our affiliates. For more information, refer to “Fund of Funds” under “Fees and Expenses” in Part A.

Portfolio Manager(s)

Name Start Date
Janet Salter 04-14-2021
Susan Spence 04-14-2021
Mackenzie Financial Corporation 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 1.97%
Management Fee 1.55%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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