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 75/75 (PP)

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 07/09/2018 through 06/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $12,872

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
0.17 0.81 0.81 2.91
Long term
3 YR 5 YR 10 YR INCEPTION
6.13 2.01 - 3.22

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
4.32 7.92 8.27 -10.72
2021 - 2018
2021 2020 2019 2018
2.84 5.94 12.14 -

Range of returns over five years (August 01, 2018 - June 30, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
4.67% Mar 2025 1.12% Sep 2023
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
2.58% 100 36 0
Period:
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GWL North American High Yield Fixed Income 75/75 (PP)

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

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