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Canada Life Canadian Fixed Income Balanced Fund - A Series

Canadian Fix Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-13-2024)
$10.04
Change
-$0.02 (-0.17%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Canada Life Canadian Fixed Income Balanced Fund - A Series

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Fund Returns

Inception Return (September 09, 2020): 1.59%

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 2.08% 3.66% 7.85% 9.08% 12.60% 6.67% 1.78% 1.44% - - - - - -
Benchmark 2.72% 4.31% 10.30% 9.65% 13.54% 7.55% 2.75% 2.68% 3.56% 4.76% 3.94% 3.97% 4.24% 3.89%
Category Average 2.26% 3.54% 7.58% 9.51% 12.90% 7.32% 2.56% 2.64% 3.11% 4.01% 3.16% 3.34% 3.37% 3.15%
Category Rank 255 / 411 174 / 409 171 / 409 266 / 408 247 / 408 324 / 404 299 / 379 307 / 361 - - - - - -
Quartile Ranking 3 2 2 3 3 4 4 4 - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.23% -0.65% 0.74% 1.27% -2.04% 1.85% 0.78% 2.83% 0.40% 1.95% -0.40% 2.08%
Benchmark 3.54% -0.88% 0.16% 1.39% -1.91% 0.69% 1.88% 3.07% 0.70% 2.15% -0.59% 2.72%

Best Monthly Return Since Inception

4.28% (November 2023)

Worst Monthly Return Since Inception

-3.75% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 1.48% -10.63% 6.06%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking - - - - - - - 4 3 4
Category Rank - - - - - - - 320/ 364 258/ 380 349/ 404

Best Calendar Return (Last 10 years)

6.06% (2023)

Worst Calendar Return (Last 10 years)

-10.63% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 32.77
Canadian Government Bonds 23.99
Canadian Equity 14.45
US Equity 9.28
Cash and Equivalents 8.21
Other 11.30

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 61.62
Cash and Cash Equivalent 8.20
Financial Services 7.51
Technology 4.23
Energy 3.76
Other 14.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.00
Europe 4.51
Asia 1.42
Multi-National 0.68
Latin America 0.29
Other 0.10

Top Holdings

Top Holdings
Name Percent
Ontario Province 4.15% 02-Jun-2034 5.31
Canada Government 2.75% 01-Dec-2055 3.20
Cash and Cash Equivalents 2.53
Quebec Province 4.40% 01-Dec-2055 2.15
United States Treasury 0.13% 15-Apr-2025 1.95
Mackenzie Canadian Aggregate Bond Index ETF (QBB) 1.53
Quebec Province 4.45% 01-Sep-2034 1.47
Alberta Province 3.10% 01-Jun-2050 1.33
Royal Bank of Canada 1.17
Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) 1.14

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Canada Life Canadian Fixed Income Balanced Fund - A Series

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.58% - -
Beta 0.94% - -
Alpha -0.01% - -
Rsquared 0.96% - -
Sharpe -0.20% - -
Sortino -0.18% - -
Treynor -0.02% - -
Tax Efficiency 73.55% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.28% 7.58% - -
Beta 0.85% 0.94% - -
Alpha 0.01% -0.01% - -
Rsquared 0.89% 0.96% - -
Sharpe 1.43% -0.20% - -
Sortino 3.56% -0.18% - -
Treynor 0.09% -0.02% - -
Tax Efficiency 95.99% 73.55% - -

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 Annual
Assets ($mil) $209

Fund Codes

FundServ Code Load Code Sales Status
MAX7803
MAX7903
MAX8003

Investment Objectives

The Fund seeks a steady flow of income with reasonable safety of capital by investing primarily in a combination of fixed income and equity securities of issuers anywhere in the world. Any proposed change to the fundamental investment objectives of the Fund must be approved by a majority of votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

The Fund’s asset mix will generally be kept within the following ranges: 10-40% equity securities, 60-90% fixed income securities, including cash and cash-equivalents. The asset allocation portfolio manager will adjust the percentage of the Fund invested in each asset class based on changes in the market outlook for each asset class.

Portfolio Manager(s)

Name Start Date
Canada Life Investment Management Ltd. 08-19-2022
Mackenzie Financial Corporation 08-19-2022

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 KPMG 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 1.86%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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