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Canada Life Canadian Fixed Income Balanced Fund - A Series

Canadian Fix Inc Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-12-2024)
$9.45
Change
$0.05 (0.54%)

As at May 31, 2024

As at February 29, 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): -0.23%

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 1.85% 1.05% 4.40% 1.13% 5.46% 2.68% -0.48% - - - - - - -
Benchmark 0.69% 0.14% 2.93% -0.59% 4.74% 2.34% 0.07% 1.58% 2.23% 2.88% 2.65% 2.97% 2.78% 3.20%
Category Average 1.91% 4.95% 4.95% 1.80% 6.77% 3.40% 0.53% 2.21% 2.30% 2.53% 2.20% 2.61% 2.33% 2.64%
Category Rank 246 / 417 308 / 417 302 / 416 328 / 416 338 / 414 334 / 409 329 / 385 - - - - - - -
Quartile Ranking 3 3 3 4 4 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.70% -0.37% -0.67% -2.63% -0.16% 4.28% 3.23% -0.65% 0.74% 1.27% -2.04% 1.85%
Benchmark 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39% -1.91% 0.69%

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 - - - - - - - 326/ 373 262/ 389 350/ 412

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 31.39
Canadian Government Bonds 23.90
Canadian Equity 14.56
Cash and Equivalents 9.74
US Equity 9.03
Other 11.38

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 60.06
Cash and Cash Equivalent 9.74
Financial Services 7.30
Technology 4.18
Energy 3.92
Other 14.80

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.62
Europe 4.83
Asia 1.29
Latin America 0.24
Africa and Middle East 0.01
Other 0.01

Top Holdings

Top Holdings
Name Percent
Ontario Province 3.65% 02-Jun-2033 4.91
Mackenzie Canadian Aggregate Bond Index ETF (QBB) 2.92
Cash and Cash Equivalents 2.80
Quebec Province 4.40% 01-Dec-2055 2.55
United States Treasury 0.50% 15-Apr-2024 2.04
Quebec Province 3.60% 01-Sep-2033 1.52
Ontario Province 4.15% 02-Dec-2054 1.51
Alberta Province 3.10% 01-Jun-2050 1.30
Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) 1.15
Royal Bank of Canada 1.06

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 7.31% - -
Beta 0.95% - -
Alpha -0.01% - -
Rsquared 0.96% - -
Sharpe -0.42% - -
Sortino -0.59% - -
Treynor -0.03% - -
Tax Efficiency - - -
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 6.95% 7.31% - -
Beta 0.90% 0.95% - -
Alpha 0.01% -0.01% - -
Rsquared 0.95% 0.96% - -
Sharpe 0.10% -0.42% - -
Sortino 0.64% -0.59% - -
Treynor 0.01% -0.03% - -
Tax Efficiency 90.70% - - -

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) $201

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 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 1.86%
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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