Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL European Equity NL

December 31, 2025

A value European 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 companies located or active in Western and Eastern Europe and whose shares are principally traded on European stock exchanges.
  • 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 92.9
US Equity 4.4
Cash and Equivalents 2.7
Geographic allocation (%)
Name Percent
Ireland 25.1
France 12.7
Switzerland 11.9
Germany 9.1
United Kingdom 8.9
Netherlands 8.1
Denmark 6.2
Italy 5.0
United States 4.4
Other 8.6
Sector allocation (%)
Name Percent
Healthcare 24.3
Industrial Goods 14.9
Consumer Goods 14.1
Financial Services 13.6
Technology 10.1
Energy 7.7
Real Estate 6.1
Industrial Services 3.9
Cash and Cash Equivalent 2.7
Other 2.6

Growth of $10,000 (since inception)

Period:

For the period 11/25/1997 through 12/31/2025 tr.with $10,000 CAD investment, The value of the investment would be $19,347

Fund details (as of December 31, 2025)

Top holdings (%)
Top holdings Percent (%)
Bank of Ireland Group PLC 6.4
ASML Holding NV 6.3
Eni SpA 5.0
Roche Holding AG - Partcptn 4.2
Legrand SA 4.1
Steris PLC 4.1
Nestle SA Cl N 4.0
Crh PLC 4.0
Ryanair Holdings PLC - ADR 3.9
Deutsche Boerse AG Cl N 3.8
Total allocation in top holdings 45.8
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 9.42%
Dividend yield 2.37%
Yield to maturity -
Duration (years) -
Coupon -
Average credit rating Not rated
Average market cap (million) $131,410.5

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-1.10 5.88 14.83 14.83
Long term
3 YR 5 YR 10 YR INCEPTION
14.36 6.93 3.30 2.38

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
14.83 13.34 14.93 -15.41
2021 - 2018
2021 2020 2019 2018
-15.41 10.51 -9.86 10.20

Range of returns over five years (December 01, 1997 - December 31, 2025)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
16.35% May 2017 -10.47% Dec 2011
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
1.41% 54 149 129
Period:
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GWL European Equity NL

GWL European Equity NL

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