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Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$8.39
Change
-$0.05 (-0.61%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Canada Life Global Multi-Sector Fixed Income Fund A

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Fund Returns

Inception Return (September 09, 2020): -1.56%

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 0.88% 0.30% -0.64% 1.27% 5.78% -1.11% -2.10% - - - - - - -
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 146 / 276 81 / 275 79 / 275 81 / 275 103 / 266 241 / 258 228 / 251 - - - - - - -
Quartile Ranking 3 2 2 2 2 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.11% -0.48% 0.46% 0.51% -0.38% -1.41% -0.64% 3.48% 2.81% 0.30% 0.09% 0.88%
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

3.48% (November 2023)

Worst Monthly Return Since Inception

-4.37% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - -1.28% -14.40% 7.84%
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 - - - - - - - 4 4 2
Category Rank - - - - - - - 190/ 248 252/ 258 73/ 266

Best Calendar Return (Last 10 years)

7.84% (2023)

Worst Calendar Return (Last 10 years)

-14.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 100.00

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Canada Life Global Multi-Sector Fixed Income Fund A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.12% - -
Beta 0.60% - -
Alpha -0.01% - -
Rsquared 0.45% - -
Sharpe -0.74% - -
Sortino -0.97% - -
Treynor -0.08% - -
Tax Efficiency - - -
Volatility 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 4.83% 6.12% - -
Beta 0.51% 0.60% - -
Alpha 0.04% -0.01% - -
Rsquared 0.35% 0.45% - -
Sharpe 0.21% -0.74% - -
Sortino 1.29% -0.97% - -
Treynor 0.02% -0.08% - -
Tax Efficiency 70.55% - - -

Fund Details

Start Date September 09, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $11

Fund Codes

FundServ Code Load Code Sales Status
MAX7809
MAX7909
MAX8009

Investment Objectives

The Fund seeks to provide high income and return by investing primarily in a global multi-sector bond portfolio with a focus on the potential for risk-adjusted returns.

Investment Strategy

The Fund uses an asset allocation strategy to build a broadly diversified portfolio of global debt instruments, including government and corporate bonds; mortgage-backed, and asset-backed securities; and preferred stocks. The Fund may invest in assets of non-investment grade securities and foreign currency-denominated securities including those from emerging market countries. The Fund employs a fundamental, valuation driven investment style.

Portfolio Manager(s)

Name Start Date
Canada Life Investment Management Ltd. 12-08-2022
Brandywine Global Investment Management, LLC 01-26-2024

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

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