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Canada Life Strategic Income Fund A
Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade B
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-13-2026) |
$15.64 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at April 30, 2026
As at February 28, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (July 08, 2013): 6.02%
| 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 | 2.11% | 2.60% | 4.42% | 3.43% | 14.64% | 11.89% | 9.59% | 7.71% | 6.11% | 7.79% | 6.02% | 6.08% | 5.49% | 6.46% |
| Benchmark | 2.12% | 3.73% | 6.97% | 4.51% | 21.44% | 17.57% | 12.99% | 10.28% | 8.75% | 9.95% | 8.43% | 8.39% | 7.59% | 7.77% |
| Category Average | 2.65% | 2.55% | 4.33% | 3.38% | 14.79% | 12.31% | 9.74% | 7.74% | 6.16% | 7.78% | 6.27% | 6.16% | 5.55% | 5.91% |
| Category Rank | 347 / 461 | 272 / 460 | 298 / 457 | 272 / 457 | 283 / 452 | 336 / 447 | 313 / 429 | 284 / 416 | 304 / 388 | 293 / 373 | 282 / 363 | 280 / 356 | 252 / 341 | 190 / 330 |
| Quartile Ranking | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.72% | 1.48% | 0.82% | 1.46% | 2.91% | 0.06% | 1.22% | -0.26% | 0.81% | 3.53% | -2.94% | 2.11% |
| Benchmark | 3.10% | 1.62% | 0.59% | 2.90% | 3.78% | 0.87% | 2.24% | 0.12% | 0.74% | 5.01% | -3.27% | 2.12% |
Best Monthly Return Since Inception
5.93% (November 2020)
Worst Monthly Return Since Inception
-8.87% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.45% | 7.19% | -3.68% | 12.81% | 4.88% | 9.78% | -8.08% | 8.01% | 11.94% | 10.71% |
| Benchmark | 11.97% | 6.22% | -4.30% | 15.62% | 7.61% | 11.90% | -8.20% | 9.43% | 13.55% | 17.74% |
| Category Average | 6.65% | 5.72% | -4.72% | 12.57% | 6.33% | 10.85% | -9.35% | 8.27% | 11.70% | 11.06% |
| Quartile Ranking | 2 | 2 | 2 | 3 | 4 | 4 | 3 | 3 | 3 | 3 |
| Category Rank | 84/ 328 | 106/ 339 | 167/ 350 | 242/ 360 | 278/ 369 | 319/ 384 | 221/ 407 | 281/ 427 | 316/ 441 | 317/ 447 |
Best Calendar Return (Last 10 years)
12.81% (2019)
Worst Calendar Return (Last 10 years)
-8.08% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 30.56 |
| Foreign Corporate Bonds | 22.85 |
| US Equity | 15.52 |
| Canadian Corporate Bonds | 11.15 |
| International Equity | 8.55 |
| Other | 11.37 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 41.05 |
| Financial Services | 13.34 |
| Basic Materials | 7.60 |
| Technology | 7.51 |
| Energy | 6.74 |
| Other | 23.76 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 89.76 |
| Europe | 5.83 |
| Asia | 2.93 |
| Latin America | 0.32 |
| Africa and Middle East | 0.04 |
| Other | 1.12 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 3.25% 01-Jun-2035 | 3.36 |
| Agnico Eagle Mines Ltd | 2.59 |
| Royal Bank of Canada | 2.44 |
| Cash and Cash Equivalents | 1.93 |
| Canada Government 2.75% 01-Dec-2055 | 1.72 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.66 |
| Toronto-Dominion Bank | 1.57 |
| Canadian Natural Resources Ltd | 1.41 |
| Manulife Financial Corp | 1.27 |
| NVIDIA Corp | 1.20 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Canada Life Strategic Income Fund A
Median
Other - Canadian Neutral Balanced
3 Yr Annualized
| Standard Deviation | 6.58% | 7.32% | 7.20% |
|---|---|---|---|
| Beta | 0.79 | 0.81 | 0.81 |
| Alpha | -0.01 | -0.01 | 0.00 |
| Rsquared | 0.93% | 0.94% | 0.91% |
| Sharpe | 0.88 | 0.46 | 0.65 |
| Sortino | 1.67 | 0.65 | 0.70 |
| Treynor | 0.07 | 0.04 | 0.06 |
| Tax Efficiency | 93.09% | 85.49% | 86.35% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.95% | 6.58% | 7.32% | 7.20% |
| Beta | 0.79 | 0.79 | 0.81 | 0.81 |
| Alpha | -0.02 | -0.01 | -0.01 | 0.00 |
| Rsquared | 0.94% | 0.93% | 0.94% | 0.91% |
| Sharpe | 1.93 | 0.88 | 0.46 | 0.65 |
| Sortino | 3.37 | 1.67 | 0.65 | 0.70 |
| Treynor | 0.15 | 0.07 | 0.04 | 0.06 |
| Tax Efficiency | 95.71% | 93.09% | 85.49% | 86.35% |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | July 08, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $2,792 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAX7823 | ||
| MAX7923 | ||
| MAX8023 |
Investment Objectives
The Fund seeks income with the potential for long-term capital growth by investing primarily in fixed income and/or income-oriented equity securities. Any proposed change to the fundamental investment objectives of the Fund must be approved by a majority of votes cast at a meeting of the Fund’s investors called for that purpose.
Investment Strategy
The Fund will pursue a flexible approach to investing in fixed income and/or equity asset classes anywhere in the world. Currently, it invests primarily in North America. The Fund will generally invest 30% to 70% of its assets in any one asset class, but may invest 0% to 100% of its assets in any one asset class. Allocations between asset classes are based on economic conditions and/or the portfolio manager’s assessment of relative valuations.
Portfolio Management
| Portfolio Manager |
Canada Life Investment Management Ltd. |
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation
|
Management and Organization
| 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 |
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 | 2.29% |
|---|---|
| Management Fee | 1.85% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | 1.00% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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