Overview
Daily NAV
$9.90
-0.19% ($0.02)
December 20, 2024
-
Inception DateOctober 28, 2024
-
Net Assets$1.61 million
-
Fund Manager 1Empire Life Investments Inc.
-
Secondary Fund ManagerPurpose Investments
-
Min. Investment$1,000 initial, $50 per fund
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MER *2.32%
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Asset classMulti-Sector Fixed Income
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Management Fee1.92%
Risk: Low
Low
Low To Moderate
Moderate
Moderate To High
High
* The MER is estimated as the fund is less than 12 months old.
1 Empire Life Investments Inc. is the Portfolio Manager of certain Empire Life segregated funds and is a wholly owned subsidiary of The Empire Life Insurance Company.
Why Invest
You are seeking long-term capital growth through a diversified global fixed income portfolio, desire monthly distributions and are comfortable with a low level of risk.
Fund codes
| Series | Front-end load | Low load * | No load | Deferred Sales Charge * |
|---|---|---|---|---|
| Class K | ECF11019 | ECF11219 | ECF11319 | ECF11519 |
- * 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 November 30, 2024
As this fund is new, this information is not available.
Portfolio Allocations As at November 30, 2024
Geographic Allocation
| Colours | Name | Weight |
|---|---|---|
| United States | 54.90% | |
| Canada | 9.08% | |
| United Kingdom | 5.02% | |
| Mexico | 4.33% | |
| Cayman Islands | 3.80% | |
| Luxembourg | 2.56% | |
| Colombia | 2.10% | |
| Chile | 1.61% | |
| Spain | 1.42% | |
| Switzerland | 1.41% | |
| Other | 13.77% |
Credit Ratings
| Colours | Name | Weight |
|---|---|---|
| AAA | 25.24% | |
| AA | 0.09% | |
| A | 5.23% | |
| BBB | 21.01% | |
| BB | 11.81% | |
| B | 3.88% | |
| CCC | 0.36% | |
| C | 0.01% | |
| NR (Non-rated) | 32.37% |
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| International Bond Funds | 35.80% | |
| U.S. Bonds | 31.40% | |
| Cash and Equivalents | 30.85% | |
| U.S. Equity | 0.93% | |
| Canadian Bonds | 0.58% | |
| Mutual Funds | 0.43% | |
| Other | 0.02% |
Bond Term Allocation
| Colours | Name | Weight |
|---|---|---|
| More than 20 years | 33.63% | |
| Between 5 and 10 years | 28.70% | |
| Between 10 and 20 years | 19.77% | |
| Between 1 and 5 years | 17.90% |
Bond Type
| Colours | Name | Weight |
|---|---|---|
| Investment Grade Corporate | 57.87% | |
| Federal Government | 17.80% | |
| High Yield Corporate | 16.08% | |
| Preferred Shares | 5.21% | |
| Convertible Bonds | 2.56% | |
| Municipal Government | 0.48% |
Top 10 Holdings
| Name | Weight |
|---|---|
| United States Treasury Bill, 1/16/2025 | 19.37% |
| United States Treasury Note, 3.63%, 5/31/2028 | 2.66% |
| Banco Actinver S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, 7.25%, 1/31/2041 | 1.11% |
| Panama, 6.4%, 2/14/2035 | 1.07% |
| McAfee Preferred Shares PRIVATE | 0.92% |
| T-Mobile USA Inc., 3.5%, 4/15/2031 | 0.92% |
| Dominion Energy Inc., 5/15/2055 | 0.85% |
| Romania, 5.13%, 9/24/2031 | 0.73% |
| KazMunayGas NC JSC, 6.38%, 10/24/2048 | 0.71% |
| WarnerMedia Holdings Inc., 5.05%, 3/15/2042 | 0.70% |
Portfolio Manager(s)
Empire Life Investment Team
Empire Life Investment Team