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Canada Life Floating Rate Income Fund A
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-19-2026) |
$7.18 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (July 07, 2014): 2.62%
| 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 | 0.31% | 1.87% | 1.31% | 1.44% | 2.11% | 2.95% | 5.21% | 4.10% | 2.73% | 4.19% | 2.10% | 2.08% | 2.43% | 3.24% |
| Benchmark | 1.25% | 1.18% | 0.47% | 0.86% | 5.92% | 9.12% | 10.77% | 11.60% | 7.56% | 7.79% | 5.87% | 5.60% | 4.77% | 5.49% |
| Category Average | 0.33% | 1.82% | 1.40% | 1.24% | 2.93% | 3.55% | 5.46% | 4.73% | 3.38% | 4.57% | 2.97% | 2.97% | 3.07% | 3.45% |
| Category Rank | 60 / 80 | 44 / 80 | 43 / 80 | 42 / 80 | 66 / 80 | 60 / 76 | 59 / 75 | 64 / 75 | 63 / 74 | 61 / 74 | 61 / 69 | 60 / 66 | 51 / 59 | 38 / 55 |
| Quartile Ranking | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.50% | 0.57% | -0.40% | 0.27% | 0.02% | -0.17% | -0.13% | -0.08% | -0.34% | 0.61% | 0.94% | 0.31% |
| Benchmark | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% | 1.25% |
Best Monthly Return Since Inception
2.94% (January 2023)
Worst Monthly Return Since Inception
-12.99% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.75% | 5.79% | 1.64% | 3.99% | -1.83% | 3.49% | -6.25% | 9.75% | 7.92% | 0.51% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 4 |
| Category Rank | 24/ 54 | 19/ 57 | 34/ 66 | 60/ 68 | 72/ 74 | 58/ 74 | 69/ 74 | 50/ 75 | 48/ 76 | 67/ 80 |
Best Calendar Return (Last 10 years)
9.75% (2016)
Worst Calendar Return (Last 10 years)
-6.25% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 85.52 |
| Foreign Bonds - Other | 7.56 |
| Cash and Equivalents | 4.45 |
| Canadian Corporate Bonds | 1.74 |
| Canadian Equity | 0.46 |
| Other | 0.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 95.12 |
| Cash and Cash Equivalent | 4.45 |
| Utilities | 0.27 |
| Financial Services | 0.18 |
| Telecommunications | 0.04 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.65 |
| Europe | 0.68 |
| Latin America | 0.03 |
| Other | 5.64 |
Top Holdings
| Name | Percent |
|---|---|
| Mackenzie Floating Rate Income Fund Series A | 93.01 |
| Mackenzie AAA CLO ETF (MAAA) | 6.99 |
| Cash and Cash Equivalents | 0.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Floating Rate Income Fund A
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 2.06% | 3.08% | 5.16% |
|---|---|---|---|
| Beta | -0.03 | 0.17 | 0.45 |
| Alpha | 0.05 | 0.01 | 0.01 |
| Rsquared | 0.00% | 0.12% | 0.37% |
| Sharpe | 0.75 | -0.05 | 0.28 |
| Sortino | 1.68 | -0.11 | 0.07 |
| Treynor | -0.48 | -0.01 | 0.03 |
| Tax Efficiency | 39.20% | - | 29.89% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.47% | 2.06% | 3.08% | 5.16% |
| Beta | 0.03 | -0.03 | 0.17 | 0.45 |
| Alpha | 0.02 | 0.05 | 0.01 | 0.01 |
| Rsquared | 0.01% | 0.00% | 0.12% | 0.37% |
| Sharpe | -0.17 | 0.75 | -0.05 | 0.28 |
| Sortino | -0.81 | 1.68 | -0.11 | 0.07 |
| Treynor | -0.08 | -0.48 | -0.01 | 0.03 |
| Tax Efficiency | - | 39.20% | - | 29.89% |
Fund Details
| Start Date | July 07, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $211 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX7821 | ||
| MAX7921 | ||
| MAX8021 |
Investment Objectives
The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world. Any proposed change to the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.
Investment Strategy
To achieve the Fund’s investment strategies, the Fund may invest up to 100% of its assets in securities of Underlying Funds, including ETFs, with such Underlying Funds expected to be primarily Underlying Funds that are managed by us or one of our affiliates. For more information, refer to “Fund of Funds” under “Fees and Expenses” in Part A.
Portfolio Management
| Portfolio Manager |
Canada Life Investment Management Ltd.
|
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation
|
Management and Organization
| Fund Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
Mackenzie Investments |
| 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 | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.98% |
|---|---|
| Management Fee | 1.55% |
| 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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