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Canada Life Global High Yield Fixed Income Fund

High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(01-22-2025)
$8.40
Change
$0.00 (-0.02%)

As at December 31, 2024

As at October 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
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Legend

Canada Life Global High Yield Fixed Income Fund

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Fund Returns

Inception Return (July 12, 2013): 2.64%

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 -0.74% 0.11% 3.96% 6.62% 6.62% 7.16% 0.68% 1.09% 1.93% 3.46% 2.11% 2.41% 3.52% 2.49%
Benchmark 2.08% 5.25% 9.99% 17.23% 17.23% 13.74% 6.39% 4.89% 5.14% 5.61% 5.57% 5.24% 5.84% 6.72%
Category Average -0.34% 0.42% 4.45% 7.12% 7.12% 7.85% 1.54% 1.95% 2.63% 3.74% 2.80% 3.12% 3.82% 3.15%
Category Rank 259 / 303 232 / 303 237 / 302 220 / 301 220 / 301 251 / 295 244 / 286 231 / 277 219 / 272 201 / 262 197 / 237 184 / 226 160 / 198 161 / 182
Quartile Ranking 4 4 4 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.7445 to 2.9503.
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Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.56% -0.08% 1.01% -0.74% 1.04% 0.75% 1.84% 0.90% 1.05% -0.11% 0.97% -0.74%
Benchmark 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08%

Best Monthly Return Since Inception

4.47% (March 2016)

Worst Monthly Return Since Inception

-9.01% (March 2020)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -11.133091 to 17.230188.
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Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -6.35% 12.82% 4.52% -5.62% 11.50% 5.36% 2.32% -11.13% 7.70% 6.62%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 4 2 3 4 2 2 4 4 4 3
Category Rank 174/ 182 92/ 198 130/ 226 229/ 237 95/ 262 129/ 272 217/ 277 228/ 286 231/ 295 220/ 301

Best Calendar Return (Last 10 years)

12.82% (2016)

Worst Calendar Return (Last 10 years)

-11.13% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 58.04
Canadian Corporate Bonds 16.35
Cash and Equivalents 16.04
Foreign Bonds - Funds 3.01
Canadian Equity 1.53
Other 5.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.84
Cash and Cash Equivalent 16.04
Consumer Goods 0.46
Utilities 0.44
Industrial Goods 0.43
Other 0.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.90
Multi-National 3.03
Europe 1.52
Latin America 1.16
Africa and Middle East 0.26
Other 0.13

Top Holdings

Top Holdings
Name Percent
Mackenzie North American Corporate Bond Fund A 100.00

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.6551 to 13.5181.
The chart has 1 Y axis displaying Return. Data ranges from -4.485139 to 10.324205.
End of interactive chart.

Canada Life Global High Yield Fixed Income Fund

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.09% 6.92% 6.13%
Beta 0.70% 0.77% 0.46%
Alpha -0.04% -0.02% 0.00%
Rsquared 0.60% 0.65% 0.27%
Sharpe -0.46% -0.02% 0.17%
Sortino -0.46% -0.15% -0.07%
Treynor -0.04% 0.00% 0.02%
Tax Efficiency - 11.42% 30.09%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 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 2.74% 6.09% 6.92% 6.13%
Beta -0.01% 0.70% 0.77% 0.46%
Alpha 0.07% -0.04% -0.02% 0.00%
Rsquared 0.00% 0.60% 0.65% 0.27%
Sharpe 0.76% -0.46% -0.02% 0.17%
Sortino 2.34% -0.46% -0.15% -0.07%
Treynor -1.67% -0.04% 0.00% 0.02%
Tax Efficiency 76.51% - 11.42% 30.09%

Fund Details

Start Date July 12, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $28

Fund Codes

FundServ Code Load Code Sales Status
MAX1232
MAX1332
MAX1432

Investment Objectives

The fund seeks above-average income with potential for long-termcapital growth by investing primarily in global high-yield fixed income securities, either directly or through other mutual funds

Investment Strategy

The Fund may invest up to 100% of its assets in securities of Mackenzie North American Corporate Bond Fund and/or invest directly in securities. The Underlying Fund(s) in which the Fund invests may be managed by CLIML or an affiliate or associate of CLIML. The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments.

Portfolio Manager(s)

Name Start Date
Canada Life Investment Management Ltd. 08-02-2021
Brandywine Global Investment Management, LLC 12-02-2024

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.87%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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