GWL Canadian Equity Value II 100/100 (P)

September 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 July 31, 2026)

Asset allocation (%)
	Name	Percent
	Canadian Equity	92.3
	US Equity	4.5
	Income Trust Units	2.2
	Cash and Equivalents	0.6
	International Equity	0.4

Geographic allocation (%)
	Name	Percent
	Canada	95.1
	United States	4.5
	Bermuda	0.1
	Ireland	0.1
	Australia	0.1
	Other	0.1

Sector allocation (%)
	Name	Percent
	Financial Services	33.3
	Energy	13.2
	Basic Materials	12.6
	Industrial Services	9.9
	Technology	7.0
	Consumer Services	6.4
	Consumer Goods	4.7
	Real Estate	4.1
	Utilities	2.5
	Other	6.3

Growth of $10,000 (since inception)

Period:

For the period 07/09/2018 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $21,891

Fund details

As of July 31, 2026

Top holdings (%)
Top holdings	Percent (%)
Royal Bank of Canada	8.0
Toronto-Dominion Bank	5.8
Agnico Eagle Mines Ltd	3.7
Canadian National Railway Co	3.2
Suncor Energy Inc	3.2
Bank of Montreal	3.1
Canadian Natural Resources Ltd	3.1
Canadian Pacific Kansas City Ltd	3.1
Kinross Gold Corp	2.8
Manulife Financial Corp	2.6
Total allocation in top holdings	38.6

As of July 31, 2026

Portfolio characteristics
Portfolio characteristics	Value
Standard deviation	9.47%
Dividend yield	1.92%
Yield to maturity	-
Duration (years)	-
Coupon	-
Average credit rating	Not rated
Average market cap (million)	$167,850.5

Understanding returns

Annual compound returns (%)

Short term
1 MO	3 MO	YTD	1 YR
-2.54	7.70	19.32	28.06

Long term
3 YR	5 YR	10 YR	INCEPTION
20.13	15.29	-	9.99

Calendar year returns (%)

2025 - 2022
2025	2024	2023	2022
25.08	13.01	7.53	4.11

2021 - 2018
2021	2020	2019	2018
34.92	-5.13	8.13	-

Range of returns over five years (August 01, 2018 - September 30, 2026)

Best return / Worst return
Best return	Best period end date	Worst return	Worst period end date
19.60%	Oct 2025	5.21%	Jul 2023

Summary
Average return	% of periods with positive returns	Number of positive periods	Number of negative periods
12.59%	100	39	0

Fund category

Canadian Equity

Inception date

July 09, 2018

Management expense ratio (MER)*

Fund management

Mackenzie Investments

Net assets (million)

Price

$21.89

Number of holdings

718

Minimum Investment

$100,000

Fund codes

FEL — CLGN060I

Contact information

Customer service centre

Toll free: 1-800-665-5758

Corporate website

greatwestlife.com

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GWL Canadian Equity Value II 100/100 (P)

Summary

For the period 07/09/2018 through 09/30/2026 with $10,000 CAD investment

Total returns performance

118.91%

Last price

$21.89 CAD

as of market close 09/30/2026

Value of $10,000 investment

$21,891.11 CAD

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

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