Overview
Daily NAV
$11.44
-0.28% ($0.03)
May 30, 2025
-
Inception DateOctober 23, 2019
-
Net Assets$145.74 million
-
Fund Manager 1Empire Life Investments Inc.
-
Min. Investment$1,000 initial, $50 per fund
-
MER2.39%
-
Asset classHigh Yield Fixed Income
-
Management Fee1.90%
Risk: Low
Low
Low To Moderate
Moderate
Moderate To High
High
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 income generation, with the potential for capital gains, by investing primarily in fixed income securities with an emphasis on short term, higher-yielding corporate bonds.
Fund codes
| Series | Front-end load | Low load * | No load | Deferred Sales Charge * |
|---|---|---|---|---|
| Class L | ECF12032 | ECF12232 | ECF12332 | ECF12532 |
- * 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 April 30, 2025
Growth of $10,000
Investment value:
$11,403.62
at
April 30, 2025
Compound Returns 2
| Series | 1 mth | 3 mths | 6 mths | YTD | 1 year | 3 years | 5 years | 10 years | psi |
|---|---|---|---|---|---|---|---|---|---|
| Empire Life Short Term High Income GIF Class L | -0.21% | 0.12% | 1.10% | 0.77% | 4.26% | 2.73% | 3.19% | — | 2.40% |
| Series | Empire Life Short Term High Income GIF Class L |
|---|---|
| 1 mth | -0.21% |
| 3 mths | 0.12% |
| 6 mths | 1.10% |
| YTD | 0.77% |
| 1 year | 4.26% |
| 3 years | 2.73% |
| 5 years | 3.19% |
| 10 years | — |
| psi | 2.40% |
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 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Empire Life Short Term High Income GIF Class L | — | — | — | — | — | 6.19% | 2.06% | -4.38% | 4.88% | 3.76% |
| Series | Empire Life Short Term High Income GIF Class L |
|---|---|
| 2015 | — |
| 2016 | — |
| 2017 | — |
| 2018 | — |
| 2019 | — |
| 2020 | 6.19% |
| 2021 | 2.06% |
| 2022 | -4.38% |
| 2023 | 4.88% |
| 2024 | 3.76% |
Portfolio Allocations As at April 30, 2025
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| U.S. Bonds | 44.89% | |
| Canadian Bonds | 44.11% | |
| International Bond Funds | 6.31% | |
| Cash and Equivalents | 4.69% | |
| International Equity | 0.00% |
Bond Type
| Colours | Name | Weight |
|---|---|---|
| High Yield Corporate | 39.12% | |
| Investment Grade Corporate | 24.48% | |
| Federal Government | 22.40% | |
| Convertible Bonds | 6.31% | |
| Floating Rate | 4.98% | |
| Preferred Shares | 2.71% |
Top 10 Holdings
| Name | Weight |
|---|---|
| Gov. of Canada, 4%, 3/1/2029 | 5.62% |
| ROYAL BK OF CAD 2.65% 01MAY25 TD | 3.94% |
| Gov. of Canada, 2.75%, 3/1/2030 | 3.48% |
| Element Fleet Management Corp., 6.27%, 6/26/2026 | 2.13% |
| SNC-Lavalin Group Inc., 7%, 6/12/2026 | 1.99% |
| United States Treasury Note, 4.13%, 11/15/2032 | 1.98% |
| Crown Americas LLC, 4.25%, 9/30/2026 | 1.94% |
| Gov. of Canada, 4%, 5/1/2026 | 1.89% |
| Teva Pharmaceutical Finance Netherlands III B.V., 3.15%, 10/1/2026 | 1.69% |
| PetSmart LLC, 4.75%, 2/15/2028 | 1.66% |
Portfolio Manager(s)
Albert Ngo
Senior Portfolio Manager, Fixed Income
Empire Life Investment Team
Empire Life Investment Team