Overview
Daily NAV
$12.50
0.57% $0.07
July 26, 2024
-
Inception DateNovember 3, 2014
-
Net Assets$329.48 million
-
Fund Manager 1Empire Life Investments Inc.
-
Min. Investment$1,000 initial, $50 per fund
-
MER2.66%
-
Asset classCanadian Fixed Income Balanced
-
Management Fee2.05%
Risk: Low
Low
Low To Moderate
Moderate
Moderate To High
High
1 Empire Life Investments Inc. is the portfolio manager of the Empire Life segregated funds and is a wholly owned subsidiary of The Empire Life Insurance Company.
Why Invest
You are seeking growth and income by investing in a strategic mix of primarily Canadian equity and fixed income securities.
Fund codes
| Series | Front-end load | Low load * | No load | Deferred Sales Charge * |
|---|---|---|---|---|
| Class L | ECF12025 | ECF12225 | ECF12325 | ECF12525 |
- * NOTE: Effective May 29, 2023, the Deferred Sales Charge (DSC) and Low Load (LL) Purchase Fee Options are no longer available for new deposits. Switches between funds purchased with the same Purchase Fee Option will continue to be allowed.
Performance As at June 30, 2024
Growth of $10,000
Investment value:
$12,248.85
at
June 28, 2024
Compound Returns 2
| Series | 1 mth | 3 mths | 6 mths | YTD | 1 year | 3 years | 5 years | 10 years | psi |
|---|---|---|---|---|---|---|---|---|---|
| Empire Life Income GIF Class L | 0.32% | 0.12% | 2.20% | 2.20% | 5.74% | 0.01% | 1.60% | — | 2.12% |
| Series | Empire Life Income GIF Class L |
|---|---|
| 1 mth | 0.32% |
| 3 mths | 0.12% |
| 6 mths | 2.20% |
| YTD | 2.20% |
| 1 year | 5.74% |
| 3 years | 0.01% |
| 5 years | 1.60% |
| 10 years | — |
| psi | 2.12% |
2 Annual Compound Returns: Returns under 1 year are simple rates of return. All others are annual compound rates of return. All returns are calculated after taking expenses, management and administration fees into account. Past performance is no guarantee of future performance.
Calendar Returns
| Series | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Empire Life Income GIF Class L | — | 0.42% | 3.90% | 3.40% | -4.18% | 9.79% | 4.32% | 4.30% | -9.05% | 5.39% |
| Series | Empire Life Income GIF Class L |
|---|---|
| 2014 | — |
| 2015 | 0.42% |
| 2016 | 3.90% |
| 2017 | 3.40% |
| 2018 | -4.18% |
| 2019 | 9.79% |
| 2020 | 4.32% |
| 2021 | 4.30% |
| 2022 | -9.05% |
| 2023 | 5.39% |
Portfolio Allocations As at June 30, 2024
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| Canadian Bonds | 53.78% | |
| Canadian Equity | 21.05% | |
| U.S. Equity | 13.34% | |
| U.S. Bonds | 5.71% | |
| International Equity | 4.22% | |
| Cash and Equivalents | 1.90% | |
| International Bond Funds | 0.27% |
Bond Type
| Colours | Name | Weight |
|---|---|---|
| Investment Grade Corporate | 46.98% | |
| Federal Government | 23.67% | |
| Provincial Government | 22.25% | |
| Floating Rate | 3.01% | |
| High Yield Corporate | 2.94% | |
| Municipal Government | 0.59% | |
| Preferred Shares | 0.39% | |
| Convertible Bonds | 0.17% |
Top 10 Holdings
| Name | Weight |
|---|---|
| Gov. of Canada, 2.75%, 12/1/2055 | 1.61% |
| Royal Bank of Canada | 1.50% |
| Gov. of Canada, 2%, 6/1/2032 | 1.37% |
| Gov. of Canada, 2.5%, 12/1/2032 | 1.34% |
| Microsoft Corporation | 1.21% |
| Province of Ontario, 4.15%, 6/2/2034 | 1.16% |
| Canada Housing Trust 1.750% June 15, 2030 | 1.02% |
| Province of New Brunswick 3.550% June 3, 2043 | 0.91% |
| Agnico Eagle Mines Limited | 0.91% |
| Canada Housing Trust No.1, 1.6%, 12/15/2031 | 0.86% |
Portfolio Manager(s)
Empire Life Investment Team
Empire Life Investment Team