Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL North American High Yield Fixed Income 75/100

January 31, 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 November 30, 2025)

Asset allocation (%)
Name Percent
Foreign Bonds 65.3
Domestic Bonds 18.9
Cash and Equivalents 14.7
Canadian Equity 0.6
US Equity 0.5
Geographic allocation (%)
Name Percent
United States 65.4
Canada 28.7
Multi-National 3.1
North America 1.4
Europe 0.5
France 0.1
Other 0.8
Sector allocation (%)
Name Percent
Fixed Income 84.2
Cash and Cash Equivalent 14.7
Consumer Goods 0.5
Utilities 0.4
Energy 0.1
Telecommunications 0.1
Financial Services 0.1
Other -0.1

Growth of $10,000 (since inception)

Period:

For the period 07/08/2013 through 01/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $13,128

Fund details (as of November 30, 2025)

Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 9.1
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.1
Mackenzie High Quality Floating Rate Fund Series R 1.4
Sagard Credit Partners II LP 0.9
Go Daddy Operating Co LLC 3.50% 01-Mar-2029 0.8
Rogers Communications Inc 5.25% 15-Mar-2082 0.8
TransCanada Trust 4.65% 18-May-2027 0.8
Inter Pipeline Ltd 6.88% 26-Mar-2079 0.8
Videotron Ltd 3.13% 15-Jan-2026 0.8
Pembina Pipeline Corp. F/R 25-Jan-2081 0.7
Total allocation in top holdings 19.2
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.43%
Dividend yield 2.69%
Yield to maturity 5.96%
Duration (years) 3.74%
Coupon 5.56%
Average credit rating BB+
Average market cap (million) $22,286.0

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-0.06 0.96 -0.06 2.17
Long term
3 YR 5 YR 10 YR INCEPTION
4.34 0.92 3.16 2.19

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
3.00 6.56 6.91 -11.84
2021 - 2018
2021 2020 2019 2018
1.55 4.58 10.71 -6.25

Range of returns over five years (August 01, 2013 - January 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
5.45% Feb 2021 -0.95% Sep 2022
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
1.61% 89 81 10
Period:
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GWL North American High Yield Fixed Income 75/100

GWL North American High Yield Fixed Income 75/100

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