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Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-16-2025) |
$7.52 |
|---|---|
| Change |
$0.01
(0.15%)
|
As at April 30, 2025
As at February 28, 2025
Inception Return (July 07, 2014): 2.55%
| 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 | -1.01% | -2.00% | -0.18% | -1.56% | 3.27% | 5.80% | 3.44% | 2.60% | 4.77% | 1.82% | 1.90% | 2.34% | 3.37% | 2.61% |
| Benchmark | 0.14% | 4.36% | 6.01% | 6.05% | 13.32% | 11.58% | 12.83% | 7.78% | 8.77% | 5.59% | 4.92% | 4.72% | 5.80% | 5.74% |
| Category Average | -0.59% | -1.59% | 0.25% | -1.10% | 3.21% | 5.86% | 4.12% | 3.25% | 5.24% | 2.70% | 2.79% | 2.97% | 3.45% | 2.93% |
| Category Rank | 59 / 77 | 51 / 77 | 61 / 77 | 55 / 77 | 56 / 77 | 62 / 76 | 63 / 76 | 62 / 75 | 60 / 75 | 61 / 70 | 60 / 67 | 51 / 60 | 37 / 56 | 44 / 54 |
| Quartile Ranking | 4 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 |
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.92% | 0.32% | 0.65% | 0.20% | 0.40% | 0.93% | 1.00% | 0.39% | 0.45% | 0.00% | -0.99% | -1.01% |
| Benchmark | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% | -1.53% | 1.52% | 1.61% | 0.58% | 3.62% | 0.14% |
2.94% (January 2023)
-12.99% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.86% | 9.75% | 5.79% | 1.64% | 3.99% | -1.83% | 3.49% | -6.25% | 9.75% | 7.92% |
| Benchmark | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% |
| Category Average | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% |
| Quartile Ranking | 4 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Category Rank | 49/ 54 | 24/ 55 | 19/ 58 | 35/ 67 | 62/ 69 | 73/ 75 | 59/ 75 | 70/ 75 | 50/ 76 | 48/ 77 |
9.75% (2016)
-6.25% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 89.73 |
| Cash and Equivalents | 7.14 |
| Foreign Government Bonds | 0.75 |
| Canadian Corporate Bonds | 0.67 |
| Canadian Equity | 0.58 |
| Other | 1.13 |
| Name | Percent |
|---|---|
| Fixed Income | 91.32 |
| Cash and Cash Equivalent | 7.13 |
| Consumer Goods | 0.29 |
| Utilities | 0.20 |
| Financial Services | 0.19 |
| Other | 0.87 |
| Name | Percent |
|---|---|
| North America | 97.35 |
| Europe | 2.60 |
| Multi-National | 0.06 |
| Latin America | 0.02 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| BMO Floating Rate High Yield ETF (ZFH) | 6.79 |
| OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 | 1.27 |
| KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.22 |
| MH Sub I LLC Term Loan B 1st Lien Sr F/R 11-Dec-2031 | 1.20 |
| Flynn Restaurant Group LP Term Loan B 1st Lien Senior | 1.18 |
| Northleaf Private Credit II LP MI 15 | 1.12 |
| Specialty Pharma III Inc. Term Loan B 1st Lien | 1.11 |
| TCP Sunbelt Acquisition Co. Term Loan B 1st Lien Sr F/R | 0.94 |
| X Corp. Term Loan B1 1st Lien F/R 26-Oct-2029 | 0.92 |
| TMC Buyer Inc. Term Loan 1st Lien Sr F/R 22-Oct-2031 | 0.89 |
Canada Life Floating Rate Income Fund A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.75% | 3.39% | 5.35% |
|---|---|---|---|
| Beta | 0.19% | 0.22% | 0.41% |
| Alpha | 0.01% | 0.03% | 0.00% |
| Rsquared | 0.12% | 0.18% | 0.32% |
| Sharpe | -0.12% | 0.68% | 0.19% |
| Sortino | 0.16% | 0.74% | -0.06% |
| Treynor | -0.02% | 0.11% | 0.03% |
| Tax Efficiency | 8.05% | 47.51% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.32% | 3.75% | 3.39% | 5.35% |
| Beta | -0.15% | 0.19% | 0.22% | 0.41% |
| Alpha | 0.05% | 0.01% | 0.03% | 0.00% |
| Rsquared | 0.08% | 0.12% | 0.18% | 0.32% |
| Sharpe | -0.20% | -0.12% | 0.68% | 0.19% |
| Sortino | 0.14% | 0.16% | 0.74% | -0.06% |
| Treynor | 0.03% | -0.02% | 0.11% | 0.03% |
| Tax Efficiency | - | 8.05% | 47.51% | - |
| 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) | $226 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX7821 | ||
| MAX7921 | ||
| MAX8021 |
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.
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 Manager |
Canada Life Investment Management Ltd.
|
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| 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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