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Canada Life Canadian Core Plus Bond Fund A

Canadian Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(07-12-2024)
$5.87
Change
$0.01 (0.18%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Canada Life Canadian Core Plus Bond Fund A

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Fund Returns

Inception Return (October 10, 1974): 5.96%

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 1.04% 0.64% -0.51% -0.51% 2.91% 2.47% -2.99% -2.95% -1.33% -0.27% -0.36% -0.51% -0.11% 0.24%
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 1.04% -0.41% -0.41% -0.41% 3.35% 2.96% -2.31% -2.05% -0.46% 0.58% 0.48% 0.42% 0.73% 1.08%
Category Rank 478 / 642 540 / 634 506 / 630 506 / 630 538 / 619 538 / 595 560 / 576 517 / 538 496 / 509 463 / 475 431 / 442 400 / 407 361 / 362 329 / 331
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.96% -0.57% -2.44% 0.26% 3.83% 3.43% -1.29% -0.38% 0.53% -2.05% 1.69% 1.04%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

7.51% (November 1981)

Worst Monthly Return Since Inception

-5.25% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.20% 1.08% 0.27% 0.86% -0.88% 5.13% 7.07% -3.93% -12.60% 5.12%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 4 4 4 4 4 4 4 4 4 4
Category Rank 262/ 319 314/ 349 373/ 382 380/ 427 431/ 453 445/ 499 488/ 529 540/ 560 482/ 589 578/ 605

Best Calendar Return (Last 10 years)

7.07% (2020)

Worst Calendar Return (Last 10 years)

-12.60% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 44.00
Canadian Government Bonds 31.54
Cash and Equivalents 15.24
Foreign Corporate Bonds 4.89
Foreign Government Bonds 3.04
Other 1.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 84.61
Cash and Cash Equivalent 15.25
Financial Services 0.08
Utilities 0.06
Telecommunications 0.04
Other -0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.72
Latin America 0.33
Other -0.05

Top Holdings

Top Holdings
Name Percent
Ontario Province 4.15% 02-Jun-2034 4.70
Ontario Province 3.65% 02-Jun-2033 3.55
Cash and Cash Equivalents 3.38
Quebec Province 4.40% 01-Dec-2055 3.00
United States Treasury 0.13% 15-Apr-2025 2.75
Bank of Montreal 2.70% 11-Sep-2024 2.72
Canada Government 2.75% 01-Dec-2055 2.17
Alberta Province 3.10% 01-Jun-2050 2.00
Ontario Province 4.15% 02-Dec-2054 1.89
Quebec Province 3.60% 01-Sep-2033 1.22

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Canada Life Canadian Core Plus Bond Fund A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.58% 6.21% 5.06%
Beta 0.91% 0.94% 0.92%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.92% 0.92% 0.94%
Sharpe -0.89% -0.52% -0.22%
Sortino -1.10% -0.86% -0.68%
Treynor -0.06% -0.03% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 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 6.86% 6.58% 6.21% 5.06%
Beta 0.85% 0.91% 0.94% 0.92%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.87% 0.92% 0.92% 0.94%
Sharpe -0.26% -0.89% -0.52% -0.22%
Sortino 0.02% -1.10% -0.86% -0.68%
Treynor -0.02% -0.06% -0.03% -0.01%
Tax Efficiency 70.95% - - -

Fund Details

Start Date October 10, 1974
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,080

Fund Codes

FundServ Code Load Code Sales Status
MAX1463
MAX1763
MAX1863

Investment Objectives

The Fund seeks to maximize income consistent with prudent levels of risk by investing in a combination of Canadian government and corporate bonds of various terms, debentures, notes, mortgages and other income-producing securities. 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 portfolio is actively managed to achieve long-term, above-average returns while assuming moderate risk. The primary strategy is top-down by managing the duration and sector allocation of the Fund in response to yield and yield spread expectations. A secondary strategy is bottom-up management of individual securities in response to relative valuations.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 08-18-2022
Canada Life Investment Management Ltd. 08-18-2022

Management and Organization

Fund Manager Canada Life Investment Management Ltd.
Advisor Canada Life Investment Management Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
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 Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.70%
Management Fee 1.35%
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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