Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

Looking for mutual funds?

Canada Life Mutual Funds

GWL North American High Yield Fixed Income 75/75 (PS1)

June 30, 2026

A fixed-income fund that aims to provide income while limiting downside risk through primarily American investments.

Is this fund right for you?

  • Are looking for a North American high yield fixed income fund to hold as part of their portfolio.
  • Want a medium-term investment.
  • Can handle the volatility of bond markets.

RISK RATING

Risk Rating: Low to Moderate

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

Asset allocation (%)
Name Percent
Foreign Bonds 71.2
Domestic Bonds 17.3
Cash and Equivalents 10.9
Canadian Equity 0.5
Other 0.1
Geographic allocation (%)
Name Percent
United States 68.0
Canada 25.6
Multi-National 4.4
Europe 0.4
France 0.1
Other 1.5
Sector allocation (%)
Name Percent
Fixed Income 88.5
Cash and Cash Equivalent 10.9
Utilities 0.4
Financial Services 0.1
Telecommunications 0.1

Growth of $10,000 (since inception)

Period:

For the period 07/08/2013 through 06/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $14,422

Fund details (as of April 30, 2026)

Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 5.5
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.0
Mackenzie High Quality Floating Rate Fund Series R 1.4
Sagard Credit Partners II LP 1.1
TELUS Corp. F/R 15-Oct-2055 0.8
Go Daddy Operating Co LLC 3.50% 01-Mar-2029 0.8
TransCanada Trust 4.65% 18-May-2027 0.7
Rogers Communications Inc 5.25% 15-Mar-2082 0.7
Pembina Pipeline Corp. F/R 25-Jan-2081 0.7
Videotron Ltd 3.13% 15-Jan-2026 0.7
Total allocation in top holdings 15.4
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.30%
Dividend yield 5.49%
Yield to maturity 6.21%
Duration (years) 3.09%
Coupon 5.78%
Average credit rating BB
Average market cap (million) $34,733.7

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
0.12 0.52 0.52 2.33
Long term
3 YR 5 YR 10 YR INCEPTION
5.53 1.43 3.06 2.86

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
3.73 7.31 7.66 -11.22
2021 - 2018
2021 2020 2019 2018
2.26 5.35 11.51 -5.57

Range of returns over five years (August 01, 2013 - June 30, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
6.21% Feb 2021 -0.24% Sep 2022
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
2.30% 98 94 2
Period:
Chart type:
* Must be between 1 and 50
GWL North American High Yield Fixed Income 75/75 (PS1)

GWL North American High Yield Fixed Income 75/75 (PS1)

Period:
Interval:
Export to: Export to CSV file
ID Effective date Price ($) Income Capital gain Total distribution