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Floating Rate Loan
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|
NAVPS (11-22-2024) |
$7.75 |
|---|---|
| Change |
$0.00
(0.05%)
|
As at October 31, 2024
As at August 31, 2024
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Inception Return (July 07, 2014): 2.69%
| 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 | 0.93% | 1.54% | 3.46% | 6.43% | 8.96% | 8.47% | 3.08% | 3.83% | 2.43% | 2.06% | 2.42% | 2.99% | 3.16% | 2.81% |
| Benchmark | 0.99% | 3.11% | 6.89% | 11.17% | 13.73% | 18.53% | 8.48% | 6.74% | 5.79% | 5.31% | 4.39% | 4.69% | 5.06% | 5.34% |
| Category Average | 0.75% | 1.60% | 2.95% | 5.47% | 8.19% | 8.28% | 3.59% | 4.46% | 3.24% | 3.01% | 3.08% | 3.29% | 3.40% | 3.23% |
| Category Rank | 39 / 78 | 49 / 78 | 45 / 78 | 49 / 78 | 50 / 78 | 60 / 77 | 61 / 76 | 60 / 76 | 60 / 72 | 61 / 69 | 58 / 68 | 46 / 59 | 45 / 56 | 43 / 51 |
| Quartile Ranking | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.02% | 1.34% | 1.09% | 0.78% | 0.62% | 0.36% | 0.92% | 0.32% | 0.65% | 0.20% | 0.40% | 0.93% |
| Benchmark | 2.51% | -0.20% | 1.33% | 1.50% | 0.28% | 0.84% | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% |
2.94% (January 2023)
-12.99% (March 2020)
| 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 |
9.75% (2016)
-6.25% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 84.36 |
| Cash and Equivalents | 10.46 |
| Canadian Government Bonds | 1.98 |
| Canadian Corporate Bonds | 0.78 |
| Foreign Government Bonds | 0.69 |
| Other | 1.73 |
| Name | Percent |
|---|---|
| Fixed Income | 87.93 |
| Cash and Cash Equivalent | 10.46 |
| Consumer Goods | 0.26 |
| Industrial Goods | 0.24 |
| Financial Services | 0.18 |
| Other | 0.93 |
| Name | Percent |
|---|---|
| North America | 96.00 |
| Europe | 3.91 |
| Multi-National | 0.04 |
| Latin America | 0.03 |
| Other | 0.02 |
| Name | Percent |
|---|---|
| BMO Floating Rate High Yield ETF (ZFH) | 6.96 |
| CAD Currency Forward | 2.23 |
| Canada Housing Trust No 1 4.79% 15-Sep-2026 | 1.98 |
| Allied Universal Holdco LLC Term Loan B 1st Lien F/R | 1.28 |
| Timber Servicios Empresariales SA Term Loan B 1st Lien F/R | 1.28 |
| KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.17 |
| Upfield USA Corp. Term Loan B7 1st Lien Sr F/R 03-Jan-2028 | 1.15 |
| Indy US Holdco LLC Term Loan B 1st Lien Sr F/R 06-Mar-2028 | 1.13 |
| OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 | 1.13 |
| Northleaf Private Credit II LP MI 15 | 1.12 |
Canada Life Floating Rate Income Fund A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.66% | 6.95% | 5.38% |
|---|---|---|---|
| Beta | 0.24% | 0.62% | 0.41% |
| Alpha | 0.01% | -0.01% | 0.01% |
| Rsquared | 0.22% | 0.57% | 0.32% |
| Sharpe | -0.10% | 0.06% | 0.25% |
| Sortino | 0.04% | -0.05% | -0.02% |
| Treynor | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | 6.91% | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.23% | 3.66% | 6.95% | 5.38% |
| Beta | 0.07% | 0.24% | 0.62% | 0.41% |
| Alpha | 0.08% | 0.01% | -0.01% | 0.01% |
| Rsquared | 0.03% | 0.22% | 0.57% | 0.32% |
| Sharpe | 3.24% | -0.10% | 0.06% | 0.25% |
| Sortino | - | 0.04% | -0.05% | -0.02% |
| Treynor | 0.61% | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | 60.15% | 6.91% | - | - |
| 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) | $235 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX7821 | ||
| MAX7921 | ||
| MAX8021 |
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.
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.
| Name | Start Date |
|---|---|
| Janet Salter | 04-14-2021 |
| Susan Spence | 04-14-2021 |
| Mackenzie Financial Corporation | 08-19-2022 |
| 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 | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| 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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