September 30, 2026
A fixed-income fund seeking to provide positive returns over a market cycle with reduced volatility.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in fixed-income securities from anywhere in the world.
- You're comfortable with a low to moderate level of risk.
RISK RATING
How is the fund invested? (as of July 31, 2026)
| Name | Percent |
|---|---|
| Foreign Bonds | 68.7 |
| Domestic Bonds | 27.8 |
| Cash and Equivalents | 2.8 |
| Canadian Equity | 0.5 |
| Income Trust Units | 0.1 |
| US Equity | 0.1 |
| International Equity | 0.1 |
| Other | -0.1 |
| Name | Percent |
|---|---|
| United States | 55.0 |
| Canada | 30.2 |
| Brazil | 2.7 |
| Multi-National | 1.6 |
| Norway | 1.6 |
| Mexico | 1.5 |
| New Zealand | 1.1 |
| Colombia | 0.8 |
| Europe | 0.8 |
| Other | 4.7 |
| Name | Percent |
|---|---|
| Fixed Income | 96.4 |
| Cash and Cash Equivalent | 2.8 |
| Utilities | 0.5 |
| Financial Services | 0.1 |
| Real Estate | 0.1 |
| Telecommunications | 0.1 |
Growth of $10,000 (since inception)
Period:
For the period 10/19/2015 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $11,553
Fund details
As of July 31, 2026
| Top holdings | Percent (%) |
|---|---|
| United States Treasury 4.63% 15-Nov-2055 | 3.9 |
| United States Treasury 4.25% 15-May-2035 | 3.4 |
| Canada Government 3.50% 01-Dec-2057 | 2.7 |
| Brazil Government 10.00% 01-Jan-2029 | 2.2 |
| Cash and Cash Equivalents | 2.1 |
| United States Treasury 4.63% 15-Feb-2035 | 1.9 |
| Canada Government 3.25% 01-Jun-2035 | 1.8 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.6 |
| Norway Government 1.75% 17-Feb-2027 | 1.5 |
| Mexican Bonos 8.00% 15-Apr-2032 | 1.5 |
| Total allocation in top holdings | 22.6 |
As of July 31, 2026
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 3.61% |
| Dividend yield | 4.55% |
| Yield to maturity | 5.47% |
| Duration (years) | 5.13% |
| Coupon | 4.87% |
| Average credit rating | BBB+ |
| Average market cap (million) | $78,603.1 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| -1.69 | -2.18 | -2.85 | -3.07 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 2.70 | -0.39 | 0.96 | 1.33 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 2.61 | 3.57 | 5.08 | -8.74 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| -2.40 | 3.94 | 4.08 | -0.61 |
Range of returns over five years (November 01, 2015 - September 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 4.52% | Jan 2021 | -1.28% | Oct 2022 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 0.53% | 57 | 41 | 31 |
Period:
Chart type:
* Must be between 1 and 50
GWL Unconstrained Fixed Income 75/100
GWL Unconstrained Fixed Income 75/100