Overview
Daily NAV
$11.03
0.03% $0.00
May 16, 2024
-
Inception DateOctober 23, 2019
-
Net Assets$133.09 million
-
Fund Manager 1Empire Life Investments Inc.
-
Min. Investment$1,000 initial, $50 per fund
-
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 April 30, 2024
Growth of $10,000
Investment value:
$10,937.68
at
April 30, 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 | -0.67% | -0.04% | 4.28% | 0.28% | 3.01% | 0.23% | — | — | 2.00% |
Series | Empire Life Short Term High Income GIF Class L |
---|---|
1 mth | -0.67% |
3 mths | -0.04% |
6 mths | 4.28% |
YTD | 0.28% |
1 year | 3.01% |
3 years | 0.23% |
5 years | — |
10 years | — |
psi | 2.00% |
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 April 30, 2024
Asset Allocation
Colours | Name | Weight |
---|---|---|
U.S. Bonds | 60.13% | |
Canadian Bonds | 27.70% | |
Cash and Equivalents | 5.94% | |
International Bond Funds | 5.35% | |
U.S. Equity | 0.87% | |
International Equity | 0.00% |
Bond Type
Colours | Name | Weight |
---|---|---|
High Yield Corporate | 56.19% | |
Investment Grade Corporate | 20.85% | |
Federal Government | 12.97% | |
Floating Rate | 4.37% | |
Preferred Shares | 4.06% | |
Convertible Bonds | 1.55% |
Top 10 Holdings
Name | Weight |
---|---|
ROYAL BK OF CAD 4.95% 01MAY24 TD | 5.91% |
Las Vegas Sands Corp., 3.2%, 8/8/2024 | 2.33% |
Element Fleet Management Corp., 6.27%, 6/26/2026 | 2.23% |
Amgen Inc., 5.25%, 3/2/2025 | 2.21% |
United States Treasury Note, 4.13%, 11/15/2032 | 2.00% |
Occidental Petroleum Corp., Callable, 2.90%, 2024/08/15 | 1.90% |
Tripadvisor Inc., 7%, 7/15/2025 | 1.87% |
Occidental Petroleum Corp., Callable, 5.88%, 2025/09/01 | 1.77% |
SNC-Lavalin Group Inc., 7%, 6/12/2026 | 1.75% |
Gov. of Canada, 4.5%, 2/1/2026 | 1.66% |
Portfolio Manager(s)
Albert Ngo
Senior Portfolio Manager, Fixed Income
Empire Life Investment Team
Empire Life Investment Team