Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

Looking for mutual funds?

Canada Life Mutual Funds

GWL Diversified Fixed Income II 100/100 (PS2)

October 31, 2026

Is this fund right for you?

  • A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk.
  • Since the fund invests in bonds anywhere in the world, its value is affected by changes in interest rates and foreign exchange rates between currencies.

RISK RATING

Risk Rating: Low to Moderate

How is the fund invested? (as of August 31, 2026)

Asset allocation (%)
Name Percent
Foreign Bonds 73.7
Domestic Bonds 16.5
Cash and Equivalents 9.3
Canadian Equity 0.5
Geographic allocation (%)
Name Percent
United States 68.6
Canada 24.9
Multi-National 4.2
Europe 0.4
Other 1.9
Sector allocation (%)
Name Percent
Fixed Income 90.1
Cash and Cash Equivalent 9.3
Utilities 0.4
Consumer Services 0.1
Financial Services 0.1

Growth of $10,000 (since inception)

Period:

For the period 07/08/2013 through 10/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $18,513

Fund details

As of August 31, 2026
Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 6.1
Mackenzie Global Sustainable High Yield Bond Fund Series R 2.8
Mackenzie High Quality Floating Rate Fund Series R 1.3
Northleaf Private Credit III LP 1.0
Go Daddy Operating Co LLC 3.50% 01-Mar-2029 0.8
Sagard Credit Partners II LP 0.8
Rogers Communications Inc 5.25% 15-Mar-2082 0.7
TELUS Corp. F/R 15-Oct-2055 0.7
TransCanada Trust 4.65% 18-May-2027 0.7
Videotron Ltd 3.13% 15-Jan-2026 0.7
Total allocation in top holdings 15.6
As of August 31, 2026
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.25%
Dividend yield 4.31%
Yield to maturity 6.37%
Duration (years) 2.98%
Coupon 5.71%
Average credit rating BB
Average market cap (million) $27,374.9

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
1.09 1.18 2.15 2.78
Long term
3 YR 5 YR 10 YR INCEPTION
7.99 3.37 4.50 4.73

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
5.72 9.38 9.72 -9.52
2021 - 2018
2021 2020 2019 2018
4.23 7.36 13.60 -3.80

Range of returns over five years (August 01, 2013 - October 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
8.20% Feb 2021 1.65% Sep 2022
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
4.19% 100 100 0
Period:
Chart type:
* Must be between 1 and 50
GWL Diversified Fixed Income II 100/100 (PS2)

GWL Diversified Fixed Income II 100/100 (PS2)

Period:
Interval:
Export to: Export to CSV file
ID Effective date Price ($) Income Capital gain Total distribution