Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL Canadian Fixed Income Balanced II 100/100 (P)

July 31, 2026

A Canadian value fund that seeks to provide capital appreciation and income.

Is this fund right for you?

  • You want your investment to boost your income returns.
  • You want to invest in Canadian government bonds and some corporate bonds.
  • You're comfortable with a low to moderate level of risk.

RISK RATING

Risk Rating: Low

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

Asset allocation (%)
Name Percent
Domestic Bonds 64.1
Canadian Equity 14.5
US Equity 9.6
International Equity 5.5
Foreign Bonds 4.6
Cash and Equivalents 1.4
Income Trust Units 0.4
Other -0.1
Geographic allocation (%)
Name Percent
Canada 80.2
United States 13.0
United Kingdom 1.1
France 1.1
Norway 0.9
Japan 0.7
Switzerland 0.5
Germany 0.4
Taiwan 0.4
Other 1.7
Sector allocation (%)
Name Percent
Fixed Income 68.5
Financial Services 7.4
Technology 5.0
Energy 3.6
Basic Materials 2.7
Industrial Services 2.2
Industrial Goods 1.9
Healthcare 1.9
Consumer Services 1.7
Other 5.1

Growth of $10,000 (since inception)

Period:

For the period 07/09/2018 through 07/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $14,319

Fund details (as of July 31, 2026)

Top holdings (%)
Top holdings Percent (%)
Canada Government 3.50% 01-Dec-2057 3.9
Province of Ontario 3.90% 06-02-2036 2.4
Ontario Province 3.95% 02-Dec-2035 2.3
Canada Government 3.25% 01-Jun-2035 2.0
Quebec Province 4.20% 01-Dec-2057 1.6
Royal Bank of Canada 1.4
Canada Government 1.50% 01-Jun-2031 1.3
British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 1.2
United States Treasury 2.38% 15-Feb-2055 1.1
CPPIB Capital Inc 4.30% 02-Jun-2034 1.0
Total allocation in top holdings 18.2
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 5.69%
Dividend yield 2.02%
Yield to maturity 4.15%
Duration (years) 7.78%
Coupon 4.03%
Average credit rating A+
Average market cap (million) $884,071.8

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-0.87 2.93 3.96 8.05
Long term
3 YR 5 YR 10 YR INCEPTION
8.25 3.89 - 4.55

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
6.79 9.48 7.53 -9.02
2021 - 2018
2021 2020 2019 2018
4.15 7.50 10.36 -

Range of returns over five years (August 01, 2018 - July 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
5.11% Mar 2025 1.90% Sep 2023
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.54% 100 37 0
Period:
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GWL Canadian Fixed Income Balanced II 100/100 (P)

GWL Canadian Fixed Income Balanced II 100/100 (P)

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