Overview
Daily NAV
$10.94
-0.17% ($0.02)
April 25, 2024
-
Inception DateOctober 23, 2019
-
Net Assets$133.09 million
-
Fund Manager 1Empire Life Investments Inc.
-
Min. Investment$1,000 initial, $50 per fund
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MER2.34%
-
Asset classHigh Yield Fixed Income
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Management Fee1.90%
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 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.
Performance As at March 31, 2024
Growth of $10,000
Investment value:
$11,012.00
at
March 28, 2024
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 | 0.55% | 0.96% | 4.54% | 0.96% | 4.11% | 0.83% | — | — | 2.19% |
| Series | Empire Life Short Term High Income GIF Class L |
|---|---|
| 1 mth | 0.55% |
| 3 mths | 0.96% |
| 6 mths | 4.54% |
| YTD | 0.96% |
| 1 year | 4.11% |
| 3 years | 0.83% |
| 5 years | — |
| 10 years | — |
| psi | 2.19% |
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 Short Term High Income GIF Class L | — | — | — | — | — | — | 6.19% | 2.06% | -4.38% | 4.88% |
| Series | Empire Life Short Term High Income GIF Class L |
|---|---|
| 2014 | — |
| 2015 | — |
| 2016 | — |
| 2017 | — |
| 2018 | — |
| 2019 | — |
| 2020 | 6.19% |
| 2021 | 2.06% |
| 2022 | -4.38% |
| 2023 | 4.88% |
Portfolio Allocations As at March 31, 2024
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| U.S. Bonds | 60.68% | |
| Canadian Bonds | 26.17% | |
| Cash and Equivalents | 6.56% | |
| International Bond Funds | 5.72% | |
| U.S. Equity | 0.87% |
Bond Type
| Colours | Name | Weight |
|---|---|---|
| High Yield Corporate | 53.32% | |
| Investment Grade Corporate | 25.41% | |
| Federal Government | 12.45% | |
| Preferred Shares | 4.00% | |
| Floating Rate | 3.14% | |
| Convertible Bonds | 1.68% |
Top 10 Holdings
| Name | Weight |
|---|---|
| ROYAL BK OF CAD 4.95% 01APR24 TD | 5.84% |
| Element Fleet Management Corp., 6.27%, 6/26/2026 | 2.24% |
| Amgen Inc., 5.25%, 3/2/2025 | 2.22% |
| United States Treasury Note, 4.13%, 11/15/2032 | 2.06% |
| Las Vegas Sands Corp., 3.2%, 8/8/2024 | 2.05% |
| Occidental Petroleum Corp., Callable, 2.90%, 2024/08/15 | 1.90% |
| Tripadvisor Inc., 7%, 7/15/2025 | 1.87% |
| SNC-Lavalin Group Inc., 7%, 6/12/2026 | 1.78% |
| Occidental Petroleum Corp., Callable, 5.88%, 2025/09/01 | 1.77% |
| Gov. of Canada, 4.5%, 2/1/2026 | 1.70% |
Portfolio Manager(s)
Albert Ngo
Senior Portfolio Manager, Fixed Income
Empire Life Investment Team
Empire Life Investment Team