Fund overview & performance

Asset class

Based on three-year return


Annualized returns

Between % and %

 


Fund management

Series

Clear all filters

Canada Life North American High Yield Fixed Income Fund

May 31, 2025

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

Is this fund right for you?

  • Are looking for a global high yield fixed income fund to hold as part of their portfolio.
  • Want a medium-term investment.
  • Can handle the volatility of bond markets.

Risk Rating

Risk Rating: Low to Medium

How is the fund invested? (as of March 31, 2025)

Asset allocation (%)

Name Percent
Foreign Bonds 91.0
Cash and Equivalents 8.3
US Equity 0.7

Geographic allocation (%)

Name Percent
United States 92.1
Canada 4.7
Europe 1.5
Mexico 1.1
Colombia 0.5
Other 0.1

Sector allocation (%)

Name Percent
Fixed Income 91.0
Cash and Cash Equivalent 8.3
Financial Services 0.7

Growth of $10,000 (since inception)

Data not available based on date of inception

Fund details (as of March 31, 2025)

Top holdings %
Cash and Cash Equivalents 5.4
Mativ Holdings Inc 8.00% 01-Oct-2029 4.3
Coronado Finance Pty Ltd 9.25% 01-Oct-2029 3.6
Live Nation Entertainment Inc 6.50% 15-May-2027 2.8
Viking Cruises Ltd 5.88% 15-Sep-2027 2.8
Saturn Oil & Gas Inc 9.63% 15-Jun-2029 2.6
Lindblad Expeditions LLC 6.75% 15-Feb-2027 2.1
Howden UK Refinance PLC 7.25% 15-Feb-2031 2.1
Strathcona Resources Ltd 6.88% 01-Aug-2026 2.1
Boise Cascade Co 4.88% 01-Jul-2030 2.0
Total allocation in top holdings 29.8
Portfolio characteristics
Standard deviation 5.8%
Yield to maturity 9.3%
Duration (years) 3.4
Coupon 7.0%
Average credit rating BB-

Understanding returns

Annual compound returns (%)

1 MO 3 MO YTD 1 YR
{{snapShot.Return1Mth|customNumber:1}}{{snapShot.Return3Mth|customNumber:1}}{{snapShot.ReturnYTD|customNumber:1}}{{snapShot.Return1Yr|customNumber:1}}
3 YR 5 YR 10 YR INCEPTION
{{snapShot.Return3Yr|customNumber:1}}{{snapShot.Return5Yr|customNumber:1}}{{snapShot.Return10Yr|customNumber:1}}{{snapShot.ReturnInception|customNumber:1}}

Calendar year returns (%)

2024 2023 2022 2021
{{snapShot.Return1YrCalendar|customNumber:1}}{{snapShot.Return2YrCalendar|customNumber:1}}{{snapShot.Return3YrCalendar|customNumber:1}}{{snapShot.Return4YrCalendar|customNumber:1}}
2020 2019 2018 2017
{{snapShot.Return5YrCalendar|customNumber:1}}{{snapShot.Return6YrCalendar|customNumber:1}}{{snapShot.Return7YrCalendar|customNumber:1}}{{snapShot.Return8YrCalendar|customNumber:1}}

Range of returns over five years (August 1, 2013 - May 31, 2025)

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
3.2% 100.0% 83 0

Mackenzie Investments

Contact information

Toll free: 1-844-730-1633

{{ snapShot.FundName.replace("<em>", "").replace("</em>", "") }}
No matching records found.

Summary

For the period {{NAVPSPerformanceSummary.StartDate}} through {{NAVPSPerformanceSummary.EndDate}} with $10,000 CAD investment

Total returns performance

{{NAVPSPerformanceSummary.Growth | customPercentage}}

Last price

{{NAVPSPerformanceSummary.NAVPS | customCurrency}} CAD

as of market close {{NAVPSPerformanceSummary.NAVPSDate}}

Value of $10,000 investment

{{NAVPSPerformanceSummary.GrowthOfTenThousand | customCurrency}} CAD

Export to: