GWL Canadian Equity Value II 75/100 (PS2)

April 30, 2026

This segregated fund invests primarily in Canadian stocks currently through the Canada Life Canadian Value Fund. On or about June 5, 2026 this fund's name changed to Canadian Equity Value II from Canadian Value and Mackenzie Investments assumed portfolio management responsibilities from Foyston Gordon and Payne. With this change the segregated fund no longer invests directly in stocks but invests in Canada Life Canadian Value Fund and the risk rating changed from "Moderate to high" to "Moderate". The performance prior to the above dates were achieved under previous manager and/or investment strategy.

Is this fund right for you?

A person who is investing for the medium to longer term, seeking the growth potential of stocks, and is comfortable with moderate risk.
Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.

RISK RATING

How is the fund invested? (as of April 30, 2026)

Asset allocation (%)
	Name	Percent
	Canadian Equity	96.4
	Cash and Equivalents	3.6

Geographic allocation (%)
	Name	Percent
	Canada	100.0

Sector allocation (%)
	Name	Percent
	Financial Services	33.1
	Energy	23.5
	Basic Materials	8.6
	Telecommunications	8.5
	Industrial Services	5.5
	Consumer Goods	5.2
	Technology	4.3
	Cash and Cash Equivalent	3.6
	Industrial Goods	2.9
	Other	4.8

Growth of $10,000 (since inception)

Period:

For the period 05/14/2012 through 04/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $39,462

Fund details (as of April 30, 2026)

Top holdings (%)
Top holdings	Percent (%)
Royal Bank of Canada	7.3
Bank of Nova Scotia	6.4
Cenovus Energy Inc	5.9
Canadian Imperial Bank of Commerce	5.8
Suncor Energy Inc	5.7
Canadian Natural Resources Ltd	5.2
Manulife Financial Corp	4.9
Tourmaline Oil Corp	4.2
Fairfax Financial Holdings Ltd	4.0
Rogers Communications Inc Cl B	3.9
Total allocation in top holdings	53.3

Portfolio characteristics
Portfolio characteristics	Value
Standard deviation	10.75%
Dividend yield	2.43%
Yield to maturity	-
Duration (years)	-
Coupon	-
Average credit rating	Not rated
Average market cap (million)	$83,937.3

Understanding returns

Annual compound returns (%)

Short term
1 MO	3 MO	YTD	1 YR
3.65	22.87	15.50	52.27

Long term
3 YR	5 YR	10 YR	INCEPTION
20.75	18.09	13.07	10.33

Calendar year returns (%)

2025 - 2022
2025	2024	2023	2022
28.04	15.70	10.06	6.54

2021 - 2018
2021	2020	2019	2018
38.07	-2.91	10.65	-11.82

Range of returns over five years (June 01, 2012 - April 30, 2026)

Best return / Worst return
Best return	Best period end date	Worst return	Worst period end date
22.41%	Oct 2025	-5.84%	Mar 2020

Summary
Average return	% of periods with positive returns	Number of positive periods	Number of negative periods
7.58%	85	92	16

Fund category

Canadian Equity

Inception date

May 14, 2012

Management expense ratio (MER)*

Fund management

Mackenzie Investments

Net assets (million)

Price

$39.46

Number of holdings

Minimum Investment

$100,000

Fund codes

FEL — CLGQ060E

Contact information

Customer service centre

Toll free: 1-800-665-5758

Corporate website

greatwestlife.com

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GWL Canadian Equity Value II 75/100 (PS2)

Summary

For the period 05/14/2012 through 04/30/2026 with $10,000 CAD investment

Total returns performance

294.62%

Last price

$39.46 CAD

as of market close 04/30/2026

Value of $10,000 investment

$39,461.68 CAD

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ID	Effective date	Price ($)	Income	Capital gain	Total distribution

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