Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL Canadian Bond DSC

September 30, 2026

A Canadian fixed-income fund seeking to provide a high level of interest income with reasonable safety.

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 high-quality government and corporate bonds.
  • 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 96.4
Cash and Equivalents 3.6
Geographic allocation (%)
Name Percent
Canada 99.4
Other 0.6
Sector allocation (%)
Name Percent
Fixed Income 96.4
Cash and Cash Equivalent 3.6

Growth of $10,000 (since inception)

Period:

For the period 01/31/1994 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $25,469

Fund details

As of September 30, 2026
Top holdings (%)
Top holdings Percent (%)
Canada Government 3.50% 01-Sep-2029 6.7
Canada Government 3.25% 01-Jun-2035 4.2
Canada Government 3.50% 01-Dec-2057 3.4
Province of Ontario 3.90% 06-02-2036 3.1
CPPIB Capital Inc 4.30% 02-Jun-2034 2.9
Quebec Province 4.40% 01-Dec-2055 2.9
Cash and Cash Equivalents 2.7
Ontario Province 4.45% 02-Dec-2056 2.0
Canada Government 3.25% 01-Jun-2036 1.9
British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 1.9
Total allocation in top holdings 31.7
As of September 30, 2026
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 4.95%
Dividend yield -
Yield to maturity 4.24%
Duration (years) 6.95%
Coupon 3.98%
Average credit rating AA-
Average market cap (million) -

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-1.36 -1.85 -2.13 -2.82
Long term
3 YR 5 YR 10 YR INCEPTION
3.16 -0.96 -0.20 2.90

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
1.02 3.02 4.88 -11.47
2021 - 2018
2021 2020 2019 2018
-4.09 7.10 4.92 -0.80

Range of returns over five years (January 31, 1994 - September 30, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
8.96% Jun 1999 -1.84% Jul 2025
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.05% 84 279 54
Period:
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GWL Canadian Bond DSC

GWL Canadian Bond DSC

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