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Canada Life Global High Yield Fixed Income Fund

High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-26-2025)
$8.05
Change
$0.00 (0.04%)

As at April 30, 2025

As at February 28, 2025

Period
Created with Highcharts 10.3.3Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan …$9,000$10,000$11,000$12,000$13,000$14,000$9,500$10,500$11,500Period

Legend

Canada Life Global High Yield Fixed Income Fund

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Fund Returns

Inception Return (July 12, 2013): 2.39%

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 -1.73% -3.26% -1.73% -1.95% 3.77% 4.46% 2.77% 0.42% 2.79% 1.88% 2.02% 1.85% 2.76% 1.93%
Benchmark -3.14% -3.02% 1.75% -1.14% 10.68% 10.50% 9.40% 5.13% 5.71% 4.35% 5.08% 4.24% 6.06% 5.82%
Category Average -0.43% -0.85% 0.92% 0.15% 6.55% 6.27% 4.01% 1.64% 4.21% 2.74% 2.87% 2.73% 3.43% 2.85%
Category Rank 224 / 241 215 / 238 237 / 238 221 / 238 235 / 237 230 / 231 221 / 228 207 / 222 210 / 215 190 / 209 178 / 190 164 / 179 150 / 165 151 / 156
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.04% 0.75% 1.84% 0.90% 1.05% -0.11% 0.97% -0.74% 1.35% 0.10% -1.65% -1.73%
Benchmark 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14%

Best Monthly Return Since Inception

4.47% (March 2016)

Worst Monthly Return Since Inception

-9.01% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -6.35% 12.82% 4.52% -5.62% 11.50% 5.36% 2.32% -11.13% 7.70% 6.62%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 4 3 3 4 2 2 4 4 4 4
Category Rank 146/ 150 83/ 164 115/ 172 175/ 183 94/ 207 100/ 214 186/ 218 176/ 225 200/ 231 179/ 237

Best Calendar Return (Last 10 years)

12.82% (2016)

Worst Calendar Return (Last 10 years)

-11.13% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 89.50
Cash and Equivalents 8.00
Foreign Government Bonds 1.81
US Equity 0.69

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.31
Cash and Cash Equivalent 8.00
Financial Services 0.69

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.73
Latin America 1.81
Europe 1.47
Other -0.01

Top Holdings

Top Holdings
Name Percent
Mativ Holdings Inc 8.00% 01-Oct-2029 5.05
Cash and Cash Equivalents 4.68
Coronado Finance Pty Ltd 9.25% 01-Oct-2029 3.86
Live Nation Entertainment Inc 6.50% 15-May-2027 2.77
Viking Cruises Ltd 5.88% 15-Sep-2027 2.72
United Wholesale Mortgage LLC 5.50% 15-Apr-2029 2.64
Saturn Oil & Gas Inc 9.63% 15-Jun-2029 2.61
Angi Group LLC 3.88% 15-Aug-2028 2.50
Lindblad Expeditions LLC 6.75% 15-Feb-2027 2.10
Howden UK Refinance PLC 7.25% 15-Feb-2031 2.08

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return123456789101112130%2%4%6%8%10%12%

Canada Life Global High Yield Fixed Income Fund

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.78% 5.45% 6.14%
Beta 0.68% 0.63% 0.53%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.55% 0.56% 0.33%
Sharpe -0.18% 0.09% 0.07%
Sortino -0.03% -0.02% -0.19%
Treynor -0.01% 0.01% 0.01%
Tax Efficiency 40.63% 41.25% 8.54%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 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 4.03% 5.78% 5.45% 6.14%
Beta 0.41% 0.68% 0.63% 0.53%
Alpha 0.00% -0.03% -0.01% -0.01%
Rsquared 0.35% 0.55% 0.56% 0.33%
Sharpe 0.01% -0.18% 0.09% 0.07%
Sortino 0.26% -0.03% -0.02% -0.19%
Treynor 0.00% -0.01% 0.01% 0.01%
Tax Efficiency 56.09% 40.63% 41.25% 8.54%

Fund Details

Start Date July 12, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $25

Fund Codes

FundServ Code Load Code Sales Status
MAX1232
MAX1332
MAX1432

Investment Objectives

The fund seeks above-average income with potential for long-termcapital growth by investing primarily in global high-yield fixed income securities, either directly or through other mutual funds

Investment Strategy

The Fund may invest up to 100% of its assets in securities of Mackenzie North American Corporate Bond Fund and/or invest directly in securities. The Underlying Fund(s) in which the Fund invests may be managed by CLIML or an affiliate or associate of CLIML. The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments.

Portfolio Management

Portfolio Manager

Canada Life Investment Management Ltd.

Sub-Advisor

Brandywine Global Investment Management, LLC

Management and Organization

Fund Manager

Canada Life Investment Management Ltd.

Custodian

CIBC Mellon Trust Company

Registrar

Mackenzie Financial Corporation

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 Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.87%
Management Fee 1.45%
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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