Join Fund Library now and get free access to personalized features to help you manage your investments.

Canada Life Global Balanced Fund A

Global Equity Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-14-2024)
$11.94
Change
-$0.01 (-0.09%)

As at May 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
Loading...

Legend

Canada Life Global Balanced Fund A

Compare Options


Fund Returns

Inception Return (July 13, 2016): 4.46%

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 1.77% 0.53% 6.72% 5.09% 8.74% 7.79% 2.77% 5.33% 5.04% 5.07% 3.77% - - -
Benchmark 2.36% 2.96% 10.90% 8.45% 17.43% 12.10% 6.23% 8.49% 8.33% 7.62% 7.28% 8.43% 7.79% 8.78%
Category Average 2.47% 9.92% 9.92% 7.07% 14.47% 8.28% 3.98% 7.61% 6.51% 5.57% 5.21% 5.96% 5.10% 5.59%
Category Rank 1,266 / 1,369 1,304 / 1,366 1,305 / 1,361 1,215 / 1,365 1,283 / 1,302 807 / 1,270 907 / 1,128 969 / 1,068 899 / 1,045 643 / 909 776 / 862 - - -
Quartile Ranking 4 4 4 4 4 3 4 4 4 3 4 - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.99% 0.24% 0.27% -4.33% -0.15% 5.09% 1.55% 2.04% 2.45% 1.35% -2.53% 1.77%
Benchmark 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30% -1.69% 2.36%

Best Monthly Return Since Inception

6.25% (November 2022)

Worst Monthly Return Since Inception

-5.57% (February 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 5.39% -0.04% 10.12% 9.92% 6.45% -10.30% 9.18%
Benchmark 13.13% 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07%
Category Average 7.89% 4.87% 4.92% 9.31% -5.49% 15.12% 8.09% 12.42% -11.85% 11.42%
Quartile Ranking - - - 4 1 4 2 4 2 4
Category Rank - - - 778/ 807 75/ 887 929/ 971 381/ 1,065 1,081/ 1,113 468/ 1,231 1,030/ 1,282

Best Calendar Return (Last 10 years)

10.12% (2019)

Worst Calendar Return (Last 10 years)

-10.30% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 43.04
International Equity 29.12
Foreign Government Bonds 8.30
Cash and Equivalents 5.43
Canadian Corporate Bonds 4.52
Other 9.59

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 19.57
Healthcare 15.18
Technology 14.46
Consumer Goods 12.35
Financial Services 12.14
Other 26.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.39
Europe 22.85
Asia 8.42
Latin America 2.59
Africa and Middle East 0.38
Other 0.37

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.93
Danaher Corp 3.23
Colgate-Palmolive Co 3.13
Berkshire Hathaway Inc Cl B 2.80
Brookfield Corp Cl A 2.58
W W Grainger Inc 2.54
Alphabet Inc Cl A 2.50
Seven & i Holdings Co Ltd 2.49
Johnson & Johnson 2.47
Compass Group PLC 2.25

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 Global Balanced Fund A

Median

Other - Global Equity Balanced

3 Yr Annualized

Standard Deviation 9.75% 9.36% -
Beta 0.86% 0.87% -
Alpha -0.02% -0.02% -
Rsquared 0.89% 0.89% -
Sharpe 0.03% 0.35% -
Sortino 0.03% 0.37% -
Treynor 0.00% 0.04% -
Tax Efficiency 82.19% 84.54% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 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 8.31% 9.75% 9.36% -
Beta 0.88% 0.86% 0.87% -
Alpha -0.06% -0.02% -0.02% -
Rsquared 0.90% 0.89% 0.89% -
Sharpe 0.47% 0.03% 0.35% -
Sortino 1.07% 0.03% 0.37% -
Treynor 0.04% 0.00% 0.04% -
Tax Efficiency 100.00% 82.19% 84.54% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date July 13, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $558

Fund Codes

FundServ Code Load Code Sales Status
MAX7822
MAX7922
MAX8022

Investment Objectives

The Fund seeks capital growth and current income by investing primarily in a combination of equity and fixed income securities 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

The Fund’s asset mix will generally be kept within the following 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. The equity portfolio manager employs a blended growth and value investment style.

Portfolio Manager(s)

Name Start Date
Paul Musson 04-14-2021
Matt Moody 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 2.34%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.