Fund overview & performance

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Canada Life North American High Yield Fixed Income Fund

October 31, 2024

A fixed-income fund that aims to provide income while limiting downside risk through primarily American investments.

Is this fund right for you?

  • You want to protect your money from inflation while also protecting it from large swings in the market.
  • You want to invest in higher-yielding fixed-income securities in North America.
  • You're comfortable with a low to medium level of risk.

Risk Rating

Risk Rating: Low to Medium

How is the fund invested? (as of July 31, 2024)

Asset allocation (%)

Name Percent
Foreign Bonds 65.9
Domestic Bonds 20.2
Cash and Equivalents 11.7
Canadian Equity 1.8
US Equity 0.5
International Equity 0.1
Other -0.2

Geographic allocation (%)

Name Percent
United States 65.2
Canada 28.3
Multi-National 3.1
Europe 1.7
Brazil 0.7
Mexico 0.3
Colombia 0.2
South Africa 0.2
Luxembourg 0.1
Other 0.2

Sector allocation (%)

Name Percent
Fixed Income 85.9
Cash and Cash Equivalent 11.7
Consumer Goods 0.5
Utilities 0.5
Industrial Goods 0.5
Financial Services 0.3
Energy 0.3
Consumer Services 0.2
Telecommunications 0.2
Other -0.1

Growth of $10,000 (since inception)

Data not available based on date of inception

Fund details (as of July 31, 2024)

Top holdings %
Cash and Cash Equivalents 4.0
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.0
Mackenzie High Quality Floating Rate Fund Series R 1.5
Keyera Corp 6.88% 13-Jun-2079 1.2
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.1
Enbridge Inc 5.38% 27-Sep-2027 1.0
Videotron Ltd 3.63% 27-Sep-2024 1.0
TransCanada Trust 4.65% 18-May-2027 0.9
Northleaf Private Credit II LP MI 15 0.9
Enbridge Inc 8.75% 15-Oct-2033 0.8
Total allocation in top holdings 15.4
Portfolio characteristics
Standard deviation 6.1%
Yield to maturity 7.1%
Duration (years) 4.2
Coupon 5.5%
Average credit rating BB+

Understanding returns

Annual compound returns (%)

1 MO 3 MO YTD 1 YR
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3 YR 5 YR 10 YR INCEPTION
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Calendar year returns (%)

2023 2022 2021 2020
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2019 2018 2017 2016
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Range of returns over five years (August 1, 2013 - October 31, 2024)

Best return Best period end date Worst return
Worst period end date
7.0% Feb. 2021 0.6% Sept. 2022
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.1% 100.0% 75 0

Mackenzie Investments

Contact information

Toll free: 1-888-252-1847

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Summary

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Total returns performance

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Last price

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as of market close {{NAVPSPerformanceSummary.NAVPSDate}}

Value of $10,000 investment

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