Canada Life segregated funds policy originally with Great-West Life

Fund overview & performance

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Canada Life Mutual Funds

GWL Global Small-Mid Cap Growth NL

December 31, 2025

A blended-style equity fund investing in smaller companies across North America for long-term growth.

Is this fund right for you?

  • You want your money to grow over the longer term.
  • You want to invest in North American small- and mid-sized companies.
  • You're comfortable with a moderate to high level of risk.

RISK RATING

Risk Rating: Moderate

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

Asset allocation (%)
Name Percent
US Equity 72.6
Canadian Equity 23.4
Cash and Equivalents 2.1
Income Trust Units 1.0
International Equity 0.9
Geographic allocation (%)
Name Percent
United States 74.8
Canada 24.2
Australia 0.8
Ireland 0.2
Sector allocation (%)
Name Percent
Technology 28.2
Healthcare 18.3
Industrial Services 11.5
Industrial Goods 10.1
Consumer Services 9.5
Real Estate 7.9
Basic Materials 4.0
Energy 3.3
Financial Services 3.1
Other 4.1

Growth of $10,000 (since inception)

Period:

For the period 01/23/1996 through 12/31/2025 tr.with $10,000 CAD investment, The value of the investment would be $62,826

Fund details (as of December 31, 2025)

Top holdings (%)
Top holdings Percent (%)
Maximus Inc 4.5
Cirrus Logic Inc 4.1
Verra Mobility Corp Cl A 3.4
Align Technology Inc 3.1
DoubleVerify Holdings Inc 3.0
HealthEquity Inc 2.9
iRhythm Technologies Inc 2.9
Healthcare Services Group Inc 2.9
Procept Biorobotics Corp 2.9
Exact Sciences Corp 2.8
Total allocation in top holdings 32.5
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 13.35%
Dividend yield 0.72%
Yield to maturity -
Duration (years) -
Coupon -
Average credit rating Not rated
Average market cap (million) $7,554.4

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-2.42 3.22 2.40 2.40
Long term
3 YR 5 YR 10 YR INCEPTION
6.66 3.23 6.91 6.33

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
2.40 13.63 4.30 -16.39
2021 - 2018
2021 2020 2019 2018
-16.39 15.52 12.55 20.43

Range of returns over five years (February 01, 1996 - December 31, 2025)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
19.05% Feb 2014 -4.05% Feb 2009
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
6.51% 90 271 29
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GWL Global Small-Mid Cap Growth NL

GWL Global Small-Mid Cap Growth NL

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