Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL Canadian Core Bond NL

September 30, 2026

A Canadian fixed-income fund seeking to provide interest income and long-term growth.

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 primarily in federal and provincial government bonds as well as medium-to-high quality corporate debt securities.
  • You're comfortable with a low level of risk.

RISK RATING

Risk Rating: Low

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

Asset allocation (%)
Name Percent
Domestic Bonds 90.9
Foreign Bonds 7.3
Cash and Equivalents 1.8
Geographic allocation (%)
Name Percent
Canada 92.6
United States 4.6
Norway 0.8
France 0.1
Other 1.9
Sector allocation (%)
Name Percent
Fixed Income 98.2
Cash and Cash Equivalent 1.8
Financial Services 0.1
Other -0.1

Growth of $10,000 (since inception)

Period:

For the period 01/23/1996 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $22,387

Fund details

As of September 30, 2026
Top holdings (%)
Top holdings Percent (%)
Canada Government 3.25% 01-Jun-2035 5.2
CPPIB Capital Inc 4.30% 02-Jun-2034 3.7
Canada Government 3.50% 01-Dec-2057 3.3
Canada Government 3.25% 01-Jun-2036 3.1
Province of Ontario 3.90% 06-02-2036 2.4
Quebec Province 4.40% 01-Dec-2055 2.3
British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 2.1
Quebec Province 4.20% 01-Dec-2057 2.1
United States Treasury Inflation Index 2.375% 02-15-2056 Real Return 2.0
Mexican Bonos 8.00% 04-15-2032 1.9
Total allocation in top holdings 28.1
As of September 30, 2026
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 4.90%
Dividend yield -
Yield to maturity 4.30%
Duration (years) 7.42%
Coupon 3.90%
Average credit rating AA-
Average market cap (million) -

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-1.42 -1.97 -2.28 -2.98
Long term
3 YR 5 YR 10 YR INCEPTION
3.11 -1.10 -0.37 2.66

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
1.03 3.25 4.72 -12.15
2021 - 2018
2021 2020 2019 2018
-4.22 6.60 4.92 -0.57

Range of returns over five years (February 01, 1996 - September 30, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
6.52% Feb 2001 -2.13% Jul 2025
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
2.49% 82 254 55
Period:
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GWL Canadian Core Bond NL

GWL Canadian Core Bond NL

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