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Multi-Sector Fixed Income
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FundGrade D
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NAVPS (04-02-2024) | $8.47 |
---|---|
Change | -$0.04 (-0.42%) |
- Performance
- Holdings
- Risk
- ESG
- Summary
As at February 29, 2024
As at December 31, 2023
- Growth of $10,000 (As at 02-29-2024)
- NAVPS
Period
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Legend
Canada Life Global Multi-Sector Fixed Income Fund A
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Period
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Fund Returns
Inception Return (September 09, 2020): -1.85%
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 | 0.09% | 2.81% | -1.41% | 0.39% | 7.04% | -2.27% | -2.58% | - | - | - | - | - | - | - |
Benchmark | 0.43% | 2.26% | 3.67% | 0.89% | 5.19% | -0.36% | -2.04% | -1.76% | 0.64% | 1.04% | 1.25% | 1.43% | 2.06% | 2.98% |
Category Average | -0.33% | 3.73% | 3.73% | -0.35% | - | - | - | - | - | - | - | - | - | - |
Category Rank | 57 / 275 | 74 / 275 | 73 / 275 | 51 / 275 | 47 / 266 | 230 / 258 | 221 / 251 | - | - | - | - | - | - | - |
Quartile Ranking | 1 | 2 | 2 | 1 | 1 | 4 | 4 | - | - | - | - | - | - | - |
Monthly Return
Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2.09% | 0.11% | -0.48% | 0.46% | 0.51% | -0.38% | -1.41% | -0.64% | 3.48% | 2.81% | 0.30% | 0.09% |
Benchmark | 2.06% | 1.06% | -1.59% | -2.01% | 0.30% | 1.72% | -2.75% | 1.40% | 2.81% | 1.36% | 0.46% | 0.43% |
Best Monthly Return Since Inception
3.48% (November 2023)
Worst Monthly Return Since Inception
-4.37% (September 2022)
Calendar Return (%)
Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Fund | - | - | - | - | - | - | - | -1.28% | -14.40% | 7.84% |
Benchmark | 11.01% | 16.14% | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% |
Category Average | - | - | - | - | - | - | - | - | - | - |
Quartile Ranking | - | - | - | - | - | - | - | 4 | 4 | 2 |
Category Rank | - | - | - | - | - | - | - | 190/ 248 | 252/ 258 | 73/ 266 |
Best Calendar Return (Last 10 years)
7.84% (2023)
Worst Calendar Return (Last 10 years)
-14.40% (2022)
Asset Allocation
Name | Percent |
---|---|
Foreign Government Bonds | 30.35 |
Foreign Corporate Bonds | 28.49 |
Cash and Equivalents | 28.31 |
Foreign Bonds - Other | 8.17 |
Mortgages | 4.47 |
Other | 0.21 |
Sector Allocation
Name | Percent |
---|---|
Fixed Income | 71.69 |
Cash and Cash Equivalent | 28.31 |
Geographic Allocation
Name | Percent |
---|---|
North America | 67.80 |
Europe | 18.52 |
Asia | 6.72 |
Multi-National | 2.49 |
Africa and Middle East | 1.90 |
Other | 2.57 |
Top Holdings
Name | Percent |
---|---|
Cash and Cash Equivalents | 18.51 |
CAD Currency Forward | 2.33 |
United States Treasury 0.00% 29-Feb-2024 | 1.99 |
Germany Government 2.60% 15-Aug-2033 | 1.69 |
Italy Government 4.40% 01-May-2033 | 1.64 |
United States Treasury 3.63% 15-May-2053 | 1.64 |
United States Treasury 0.13% 15-Jan-2031 | 1.42 |
Indonesia Government 7.38% 15-Oct-2030 | 1.37 |
United Kingdom Government 3.25% 31-Jan-2033 | 1.36 |
New Zealand Government 2.75% 15-May-2051 | 1.28 |
Equity Style
Fixed Income Style
Period:
Risk vs Return (3 Yr)
Canada Life Global Multi-Sector Fixed Income Fund A
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
Standard Deviation | 6.09% | - | - |
---|---|---|---|
Beta | 0.58% | - | - |
Alpha | -0.01% | - | - |
Rsquared | 0.44% | - | - |
Sharpe | -0.81% | - | - |
Sortino | -1.06% | - | - |
Treynor | -0.08% | - | - |
Tax Efficiency | - | - | - |
Volatility | | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 5.08% | 6.09% | - | - |
Beta | 0.54% | 0.58% | - | - |
Alpha | 0.04% | -0.01% | - | - |
Rsquared | 0.40% | 0.44% | - | - |
Sharpe | 0.44% | -0.81% | - | - |
Sortino | 1.85% | -1.06% | - | - |
Treynor | 0.04% | -0.08% | - | - |
Tax Efficiency | 77.83% | - | - | - |
No data available
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 | Monthly |
Assets ($mil) | $10 |
Fund Codes
FundServ Code | Load Code | Sales Status |
---|---|---|
MAX7809 | ||
MAX7909 | ||
MAX8009 |
Investment Objectives
The Fund seeks to provide high income and return by investing primarily in a global multi-sector bond portfolio with a focus on the potential for risk-adjusted returns.
Investment Strategy
The Fund uses an asset allocation strategy to build a broadly diversified portfolio of global debt instruments, including government and corporate bonds; mortgage-backed, and asset-backed securities; and preferred stocks. The Fund may invest in assets of non-investment grade securities and foreign currency-denominated securities including those from emerging market countries. The Fund employs a fundamental, valuation driven investment style.
Portfolio Manager(s)
Name | Start Date |
---|---|
Canada Life Investment Management Ltd. | 12-08-2022 |
Brandywine Global Investment Management, LLC | 01-26-2024 |
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 | 1.93% |
---|---|
Management Fee | 1.55% |
Load | Front Fee Only |
FE Max | 0.00% |
DSC Max | - |
LL Max | 0.00% |
Trailer Fee Max (FE) | 0.50% |
Trailer Fee Max (DSC) | - |
Trailer Fee Max (NL) | - |
Trailer Fee Max (LL) | - |
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