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Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

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NAVPS
(04-15-2024)
$9.17
Change
-$0.06 (-0.61%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Canada Life Global Multi Sector Bond Fund A

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Fund Returns

Inception Return (December 18, 2018): 1.83%

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 0.90% -0.01% -1.55% 0.91% 4.28% -1.34% -2.22% 0.27% 1.30% - - - - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 136 / 276 125 / 275 120 / 275 125 / 275 148 / 266 247 / 258 229 / 251 191 / 231 106 / 216 - - - - -
Quartile Ranking 2 2 2 2 3 4 4 4 2 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.36% -0.42% 1.22% 0.14% -0.77% -2.65% -1.55% 3.49% 3.65% -0.01% 0.02% 0.90%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

3.65% (December 2023)

Worst Monthly Return Since Inception

-4.29% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 8.14% 11.17% -1.22% -13.88% 6.55%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - 2 1 4 4 2
Category Rank - - - - - 86/ 216 8/ 230 187/ 248 246/ 258 126/ 266

Best Calendar Return (Last 10 years)

11.17% (2020)

Worst Calendar Return (Last 10 years)

-13.88% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 42.48
Foreign Corporate Bonds 34.66
Mortgages 11.13
Cash and Equivalents 7.95
Foreign Bonds - Other 3.34
Other 0.44

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.06
Cash and Cash Equivalent 7.94

Geographic Allocation

Geographic Allocation
Name Percent
North America 72.04
Latin America 19.24
Europe 8.72

Top Holdings

Top Holdings
Name Percent
United States Treasury 5.52% 31-Jan-2025 13.46
United Kingdom Government 3.75% 22-Oct-2053 5.80
Cash and Cash Equivalents 5.03
Mexico Government 8.00% 31-Jul-2053 4.39
Colombia Government 7.00% 26-Mar-2031 3.97
Spain Government 1.90% 31-Oct-2052 2.89
Petroleos Mexicanos 5.35% 12-Feb-2028 2.43
Freddie Mac Stacr Remic Trust 8.67% 25-Nov-2043 2.31
Brazil Government 10.00% 01-Jan-2027 2.25
Colombia Government 7.25% 26-Oct-2050 2.02

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 Global Multi Sector Bond Fund A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.52% 5.91% -
Beta 0.62% 0.57% -
Alpha -0.02% 0.01% -
Rsquared 0.42% 0.37% -
Sharpe -0.71% -0.08% -
Sortino -0.97% -0.35% -
Treynor -0.07% -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 -

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 6.31% 6.52% 5.91% -
Beta 0.55% 0.62% 0.57% -
Alpha 0.02% -0.02% 0.01% -
Rsquared 0.25% 0.42% 0.37% -
Sharpe -0.06% -0.71% -0.08% -
Sortino 0.38% -0.97% -0.35% -
Treynor -0.01% -0.07% -0.01% -
Tax Efficiency 70.68% - - -

Fund Details

Start Date December 18, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $419

Fund Codes

FundServ Code Load Code Sales Status
MAX1262

Investment Objectives

The Fund seeks to generate a high level of income over a full market cycle, regardless of market conditions, with a secondary objective of capital preservation by investing mainly in fixed income securities of issuers anywhere in the world.

Investment Strategy

The Fund’s investments may include investment-grade bonds; lower quality fixed-income investments, which may include instruments that have a weighted average credit quality below investment grade (rated below “BBB-” by a recognized credit rating organization) or that are unrated; mortgage and asset-backed securities; preferred shares; common shares; floating-rate debt instruments and other floating securities.

Portfolio Manager(s)

Name Start Date
Jack P. McIntyre 10-18-2018
Anujeet S. Sareen 10-18-2018
Brian L. Kloss 10-18-2018
Gerhardt (Gary) P. Herbert 10-18-2018
Canada Life Investment Management Ltd. 12-08-2022

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.93%
Management Fee 1.55%
Load Front Fee Only
FE Max 0.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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