Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL International Equity DSC

December 31, 2025

A bottom-up, growth-oriented international equity fund seeking long-term growth.

Is this fund right for you?

  • You want your money to grow over a longer term.
  • You want to invest in equities outside of Canada and the U.S.
  • You're comfortable with a moderate level of risk.

RISK RATING

Risk Rating: Moderate

How is the fund invested? (as of December 31, 2025)

Asset allocation (%)
Name Percent
International Equity 98.7
Cash and Equivalents 1.3
Geographic allocation (%)
Name Percent
Japan 20.4
United Kingdom 17.4
France 11.9
Germany 8.5
Switzerland 8.1
Netherlands 6.7
Spain 4.7
Sweden 3.8
Singapore 3.3
Other 15.2
Sector allocation (%)
Name Percent
Financial Services 24.8
Consumer Goods 14.0
Industrial Goods 13.8
Technology 10.3
Healthcare 8.1
Consumer Services 5.7
Basic Materials 4.1
Utilities 4.0
Real Estate 3.9
Other 11.3

Growth of $10,000 (since inception)

Period:

For the period 07/19/2004 through 12/31/2025 tr.with $10,000 CAD investment, The value of the investment would be $24,251

Fund details (as of December 31, 2025)

Top holdings (%)
Top holdings Percent (%)
ASML Holding NV 3.1
Sony Group Corp 2.6
AstraZeneca PLC 2.6
Safran SA 2.6
DBS Group Holdings Ltd 2.5
Siemens AG Cl N 2.2
Novartis AG Cl N 2.2
Shell PLC 2.2
Mitsubishi UFJ Financial Group Inc 2.1
Volvo AB Cl B 2.1
Total allocation in top holdings 24.2
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 9.02%
Dividend yield 2.57%
Yield to maturity -
Duration (years) -
Coupon -
Average credit rating Not rated
Average market cap (million) $190,938.6

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-0.43 4.11 17.24 17.24
Long term
3 YR 5 YR 10 YR INCEPTION
12.31 5.12 5.27 4.22

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
17.24 7.21 12.71 -16.27
2021 - 2018
2021 2020 2019 2018
-16.27 8.23 8.41 18.72

Range of returns over five years (August 01, 2004 - December 31, 2025)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
12.42% May 2017 -7.64% May 2012
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.62% 76 150 48
Period:
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GWL International Equity DSC

GWL International Equity DSC

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