Fund overview & performance

Looking for mutual funds?

Canada Life Mutual Funds

CAN Canadian Dividend and Income 100/100

July 31, 2026

This segregated fund invests primarily in Canadian equities currently through the AGF Canadian Dividend Income Fund.

Is this fund right for you?

  • A person who is investing for the longer term.
  • Seeking the growth potential of stocks, which includes exposure to foreign stocks.
  • You're comfortable with a moderate level of risk.

RISK RATING

Risk Rating: Moderate

How is the fund invested? (as of June 30, 2026)

Asset allocation (%)
Name Percent
Canadian Equity 77.0
US Equity 16.5
Income Trust Units 3.3
Cash and Equivalents 2.2
International Equity 1.1
Other -0.1
Geographic allocation (%)
Name Percent
Canada 80.6
United States 16.3
Bermuda 2.2
Ireland 1.1
Other -0.2
Sector allocation (%)
Name Percent
Financial Services 35.6
Energy 12.6
Basic Materials 12.4
Industrial Services 9.7
Consumer Services 7.7
Technology 5.0
Healthcare 3.8
Real Estate 3.4
Industrial Goods 2.8
Other 7.0

Growth of $10,000 (since inception)

Period:

For the period 10/05/2009 through 07/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $22,840

Fund details (as of June 30, 2026)

Top holdings (%)
Top holdings Percent (%)
Royal Bank of Canada 8.7
Toronto-Dominion Bank 4.5
Canadian Imperial Bank of Commerce 4.4
Agnico Eagle Mines Ltd 4.2
Canadian Natural Resources Ltd 4.0
Canadian Pacific Kansas City Ltd 3.9
Cameco Corp 3.6
Enbridge Inc 3.5
National Bank of Canada 3.4
Bank of Montreal 3.1
Total allocation in top holdings 43.3
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 9.02%
Dividend yield 1.88%
Yield to maturity -
Duration (years) -
Coupon -
Average credit rating Not rated
Average market cap (million) $401,616.1

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
1.82 8.92 8.67 14.97
Long term
3 YR 5 YR 10 YR INCEPTION
12.70 8.11 6.93 5.03

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
16.69 12.53 8.71 -7.94
2021 - 2018
2021 2020 2019 2018
23.53 -1.07 17.18 -8.12

Range of returns over five years (November 01, 2009 - July 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
11.87% Mar 2025 -4.44% Mar 2020
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.80% 84 119 23

Q2 2026 Fund Commentary

Commentary and opinions are provided by AGF Investments Inc..

Market commentary

Canadian equities rose for the period. Equities gained in April but were more volatile in May and June amid Middle East tensions and fluctuating energy prices. Canada’s economy contracted for the second consecutive quarter through March, while inflation rose, with the Consumer Price Index rising from roughly 1.8% in February to 3.2% by May. Labour market conditions cooled, but the Bank of Canada held its policy rate at 2.25%. The Canadian dollar softened, with the U.S. dollar rising about 2.3% against the Canadian dollar.

Resources were the main drag on Canada’s equity market. Crude oil prices fell sharply, with West Texas Intermediate down roughly 31% as geopolitical risk premium faded. In the materials sector, mining companies, including gold producers, were weakest.

The Canadian financials sector led market performance, supported by net interest income and credit conditions across the banks. Health care, and the more domestically oriented consumer areas of the market, also performed well. Materials was the weakest sector as miners fell, followed by communication services and energy, the latter pressured by lower oil prices. Growth outpaced value stocks, and large-capitalization stocks outperformed smaller-capitalization stocks.

Performance

At a sector level, underweight exposure to the materials sector contributed to the Fund’s performance, as did overweight exposure to the health care sector. Stock selection in the information technology and communication services sectors also contributed to performance.

The Fund’s relative exposure to Eli Lilly and Co., Morgan Stanley and NVIDIA Corp. contributed to performance. Eli Lilly’s shares surged because of demand growth for its anti-obesity drug, improved forecasts for 2026 and the approval of its oral GLP-1 treatment. Morgan Stanley benefited from trading revenues and wealth management inflows amid heightened market volatility. NVIDIA shares rose because of increased spending for factory capacity expansion, record data centre revenue and high shareholder returns.

Underweight exposure to the consumer discretionary and real estate sectors detracted from the Fund’s performance. Selection in the materials and industrials sectors also detracted from performance.

Relative exposure to Agnico Eagle Mines Ltd., WSP Global Inc. and Canadian Natural Resources Ltd. detracted from performance. Agnico Eagle Mines’ stock fell as investors locked in gains following its gold-driven outperformance. WSP Global shares fell because of the company’s higher debt following a recent acquisition. Shares of Canadian Natural Resources fell as weaker crude oil prices, easing supply concerns and overall ex-dividend trading pressured energy stocks.

Portfolio activity

There were no significant trades made in the Fund during the period.

Outlook

The Fund is positioned with underweight exposure to the financials, materials and energy sectors. This positioning reflects the sub-advisor’s caution on domestic banks amid a softer Canadian economy and housing market drag, and on commodity producers, given volatile oil and gold prices. The Fund has overweight exposure to utilities, industrials and select consumer stocks geared to demand, such as electrification and the data-centre buildout.

Period:
Chart type:
* Must be between 1 and 50
CAN Canadian Dividend and Income 100/100

CAN Canadian Dividend and Income 100/100

Period:
Interval:
Export to: Export to CSV file
ID Effective date Price ($) Income Capital gain Total distribution