Fund Detail - Fund Library (2024)

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Multi-Sector Fixed Income

Fund Detail - Fund Library (1) Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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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Fund Returns

Inception Return (September 09, 2020): -1.85%

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 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

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 (%)

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

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

Sector Allocation
Name Percent
Fixed Income 71.69
Cash and Cash Equivalent 28.31

Geographic Allocation

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

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

Fund Detail - Fund Library (3)

Fixed Income Style

Fund Detail - Fund Library (4)

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 Fund Detail - Fund Library (5) - -

Risk Rating

Fund Detail - Fund Library (6)

Annualized Key Ratio Period Comparison

Key Ratio
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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Fund Detail - Fund Library (2024)

FAQs

Is ECF funding still available? ›

The COVID-19 public health emergency expired on May 11, 2023, setting June 20, 2024 as the sunset date for the Emergency Connectivity Fund (ECF). Thereafter, ECF Program support will only be available for purchases of eligible equipment and services made by the June 30, 2024 date.

What is an ECF grant? ›

For eligible schools and libraries, the ECF Program will cover reasonable costs of laptop and tablet computers; Wi-Fi hotspots; modems; routers; and broadband connectivity purchases for off-campus use by students, school staff, and library patrons.

Who qualifies for the emergency connectivity fund? ›

The FCC's Emergency Connectivity Fund Program (Program) provides funding for schools and libraries for the purchase, during the coronavirus (COVID-19) pandemic, of connected devices and broadband connections for use by students, school staff, and library patrons for primarily educational purposes while they are at ...

Why is it important to fund libraries? ›

Historical data shows a noticeable trend: If a library's funding increases annually, visits and borrower numbers are also more likely to increase.

What can ECF funds be used for? ›

The fund will reimburse reasonable costs of eligible equipment such as Wi-Fi hotspots, modems, routers, devices that combine a modem and router, connected devices, and eligible broadband connections.

Did Congress renew the ACP program? ›

There's no denying that demand for ACP support is high. But absent additional funding from Congress, the ACP will run out of funding after April 2024. As a result, the Commission has started to wind-down the program. This includes ceasing new enrollments on February 8, 2024.

What is the third filing window for ECF? ›

The third application filing window included eligible equipment ordered and received and eligible services delivered by December 31, 2023, and did not include eligible equipment and services received or delivered before July 1, 2022.

What is ECF? ›

extracellular fluid, in biology, body fluid that is not contained in cells. It is found in blood, in lymph, in body cavities lined with serous (moisture-exuding) membrane, in the cavities and channels of the brain and spinal cord, and in muscular and other body tissues.

How much money does the FCC get? ›

Federal Communications Commission
Agency overview
Annual budgetUS$388 million (FY 2022, requested)
Agency executiveJessica Rosenworcel, Chairwoman
Websitefcc.gov
Footnotes
9 more rows

How much money do you get from the affordable connectivity program? ›

The Affordable Connectivity Program provides a monthly discount for internet service up to $30 per eligible household, or up to $75 per eligible household on Tribal lands.

How to apply ECF? ›

  1. Guide to Application.
  2. Request Form for Site Visit to School.
  3. Application Form.
  4. Completion Report Form (for deploying the Full Project Management Services)

What is the Emergency Connectivity Grant CFDA? ›

ECF Program support was first made available to eligible schools and libraries applying for funds for the purchases of eligible equipment, including Wi-Fi hotspots, modems, routers, and connected devices, as well as advanced telecommunications and information services, to meet the remote learning needs of students, ...

Who funds local libraries? ›

Most libraries, however, consider providing patrons with access to books, media, and other informational material as a core part of their mission. Around 95 percent of local library funding comes from local governments and the remaining 5 percent comes from state and federal sources.

Are libraries needed anymore? ›

Do we even need libraries anymore? With advances in technology, there is a noticeable push towards digitisation and online services, and to some, it may seem like a good time to roll back library services. The answer is, of course we still need libraries.

How does a library make money? ›

How are public libraries funded? US public libraries depend on funding to cover the expenses of their operations, mostly employee wages and library collection maintenance. Most of the budget comes from local, state, and federal government funding, while the rest comprises private donations, fees, fines, or grants.

Are ECF funds subject to single audit? ›

Through the FAQs, the FCC clarifies that applicants expending $750,000 or more in ECF funds are subject to the Single Audit Act, requiring the preparation of a Schedule of Expenditures of Federal Awards (SEFA) and other obligations.

What is the website for federal grant funding opportunities and resources can now be found online? ›

Check current federal grants opportunities at Grants.gov , obtain a Dun and Bradstreet (DUNS) number, register with System for Award Management (SAM), and apply online (links and instructions given at the website).

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