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Canada Life Global High Yield Fixed Income Fund Series A
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-20-2026) |
$7.64 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at September 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (July 12, 2013): 2.25%
| 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 | -2.29% | -2.27% | -1.05% | -2.77% | -2.98% | -0.17% | 3.87% | 4.02% | 0.22% | 1.35% | 1.63% | 1.81% | 1.63% | 2.02% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.80% | 0.35% | -0.19% | 0.49% | 3.07% | 6.17% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 197 / 259 | 193 / 257 | 245 / 257 | 248 / 255 | 247 / 254 | 244 / 246 | 240 / 243 | 234 / 239 | 226 / 233 | 216 / 223 | 209 / 218 | 201 / 208 | 184 / 189 | 168 / 174 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.59% | 0.08% | 0.29% | -0.35% | -0.32% | -1.07% | 1.18% | 0.00% | 0.07% | -0.62% | 0.65% | -2.29% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
Best Monthly Return Since Inception
4.47% (March 2016)
Worst Monthly Return Since Inception
-9.01% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 12.82% | 4.52% | -5.62% | 11.50% | 5.36% | 2.32% | -11.13% | 7.70% | 6.62% | 2.39% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 2 | 3 | 4 | 2 | 3 | 4 | 4 | 4 | 4 | 4 |
| Category Rank | 86/ 172 | 121/ 180 | 183/ 191 | 94/ 215 | 111/ 221 | 189/ 226 | 185/ 233 | 198/ 239 | 185/ 245 | 244/ 246 |
Best Calendar Return (Last 10 years)
12.82% (2016)
Worst Calendar Return (Last 10 years)
-11.13% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 93.05 |
| Cash and Equivalents | 6.68 |
| Foreign Government Bonds | 0.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.32 |
| Cash and Cash Equivalent | 6.68 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.83 |
| Europe | 0.90 |
| Latin America | 0.27 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 4.79 |
| Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 | 2.17 |
| Jefferson Capital Holdings LLC 9.50% 15-Feb-2029 | 2.10 |
| Credit Acceptance Corp 9.25% 15-Dec-2028 | 2.09 |
| FirstCash Inc 5.63% 01-Jan-2030 | 1.98 |
| Ryan Specialty LLC 5.88% 01-Aug-2027 | 1.82 |
| Enova International Inc 11.25% 15-Dec-2028 | 1.76 |
| TransDigm Inc 6.75% 15-Aug-2028 | 1.69 |
| Panther Escrow Issuer LLC 7.13% 01-Jun-2031 | 1.67 |
| Gap Inc 3.88% 01-Oct-2031 | 1.64 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Global High Yield Fixed Income Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 4.07% | 5.17% | 5.56% |
|---|---|---|---|
| Beta | 0.42 | 0.60 | 0.57 |
| Alpha | 0.00 | -0.03 | -0.01 |
| Rsquared | 0.21% | 0.51% | 0.41% |
| Sharpe | 0.15 | -0.52 | 0.04 |
| Sortino | 0.33 | -0.65 | -0.19 |
| Treynor | 0.01 | -0.05 | 0.00 |
| Tax Efficiency | 41.22% | - | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.05% | 4.07% | 5.17% | 5.56% |
| Beta | 0.11 | 0.42 | 0.60 | 0.57 |
| Alpha | -0.03 | 0.00 | -0.03 | -0.01 |
| Rsquared | 0.02% | 0.21% | 0.51% | 0.41% |
| Sharpe | -1.71 | 0.15 | -0.52 | 0.04 |
| Sortino | -1.85 | 0.33 | -0.65 | -0.19 |
| Treynor | -0.49 | 0.01 | -0.05 | 0.00 |
| Tax Efficiency | - | 41.22% | - | - |
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) | $20 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX1232 | FE | Open |
| MAX1332 | DSC | Open |
| MAX1432 | CB | Open |
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 sub-advisor combines top-down analysis of macroeconomic conditions with bottom-up fundamental analysis in order to determine where the most attractive valuations exist during the business cycle. The sub-advisor’s valuation process is primarily focused on identifying and investing in bonds that have attractive real- and risk- adjusted yields and securities the sub-advisor believes are undervalued by the credit markets. Quantitative and qualitative screens are used in this assessment.
Portfolio Management
| Portfolio Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Sub-Advisor |
Brandywine Global Investment Management, LLC
|
Management and Organization
| Fund Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
Quadrus Investment Services Limited IPC Investment Corporation IPC Securities Corporation |
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 | 1.86% |
|---|---|
| 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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