Overview
Daily NAV
$11.76
-0.39% ($0.05)
February 3, 2023
-
Inception DateNovember 3, 2014
-
Net Assets$389.36 million
-
Fund Manager 1Empire Life Investments Inc.
-
Min. Investment$1,000 initial, $50 per fund
-
MER2.64%
-
Asset classCanadian Fixed Income Balanced
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 |
Performance As at December 31, 2022
Growth of $10,000
Investment value:
$11,371.77
at
December 30, 2022
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 | -2.34% | 2.60% | 2.11% | -9.05% | -9.05% | -0.35% | 0.81% | — | 1.59% |
| Series | Empire Life Income GIF Class L |
|---|---|
| 1 mth | -2.34% |
| 3 mths | 2.60% |
| 6 mths | 2.11% |
| YTD | -9.05% |
| 1 year | -9.05% |
| 3 years | -0.35% |
| 5 years | 0.81% |
| 10 years | — |
| psi | 1.59% |
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 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Empire Life Income GIF Class L | — | — | 0.42% | 3.90% | 3.40% | -4.18% | 9.79% | 4.32% | 4.30% | -9.05% |
| Series | Empire Life Income GIF Class L |
|---|---|
| 2013 | — |
| 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% |
Portfolio Allocations As at December 31, 2022
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| Canadian Bonds | 53.09% | |
| Canadian Equity | 21.37% | |
| U.S. Equity | 12.98% | |
| Cash and Equivalents | 4.92% | |
| U.S. Bonds | 4.87% | |
| International Equity | 2.59% | |
| International Bond Funds | 0.17% |
Bond Type
| Colours | Name | Weight |
|---|---|---|
| Investment Grade Corporate | 47.40% | |
| Provincial Government | 23.55% | |
| Federal Government | 22.05% | |
| High Yield Corporate | 3.04% | |
| Floating Rate | 1.88% | |
| Preferred Shares | 1.31% | |
| Municipal Government | 0.53% | |
| Convertible bonds | 0.25% |
Top 10 Holdings
| Name | Weight |
|---|---|
| ROYAL BK OF CANADA 4.2% 03JAN23 TD | 2.60% |
| Gov. of Canada, 1.75%, 12/1/2053 | 1.68% |
| Gov. of Canada, 2%, 6/1/2032 | 1.44% |
| Royal Bank of Canada | 1.34% |
| Province of Ontario 4.700% June 2, 2037 | 1.24% |
| Toronto-Dominion Bank | 1.12% |
| ROYAL BK OF CANADA 4.28% 03JAN23 $USD TD | 1.02% |
| McDonald's Corp., 3.13%, 3/4/2025 | 0.99% |
| 407 International Inc. 2.430% May 4, 2027 | 0.99% |
| Canada Housing Trust 1.750% June 15, 2030 | 0.92% |
Portfolio Manager(s)
Ian Fung
Portfolio Manager, Fixed Income
Jennifer Law
Senior Portfolio Manager, Canadian Equities
Sara Shahram
Portfolio Manager, Canadian Equities
Ashley Misquitta
Senior Portfolio Manager, U.S. & Global Equities