Fund overview & performance

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Canada Life Mutual Funds

CAN North American High Yield Fixed Income 100/100 (PS1)

December 31, 2025

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 October 31, 2025)

Asset allocation (%)
Name Percent
Foreign Bonds 66.5
Domestic Bonds 18.5
Cash and Equivalents 13.7
Canadian Equity 0.7
US Equity 0.5
Other 0.1
Geographic allocation (%)
Name Percent
United States 66.5
Canada 27.4
Multi-National 3.1
North America 1.4
Europe 0.6
Colombia 0.2
France 0.1
Other 0.7
Sector allocation (%)
Name Percent
Fixed Income 85.1
Cash and Cash Equivalent 13.7
Consumer Goods 0.5
Utilities 0.4
Energy 0.1
Financial Services 0.1
Telecommunications 0.1

Growth of $10,000 (since inception)

Period:

For the period 07/08/2013 through 12/31/2025 tr.with $10,000 CAD investment, The value of the investment would be $13,921

Fund details (as of October 31, 2025)

Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 8.4
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.1
Mackenzie High Quality Floating Rate Fund Series R 1.4
Sagard Credit Partners II LP 0.9
TransCanada Trust 4.65% 18-May-2027 0.9
Go Daddy Operating Co LLC 3.50% 01-Mar-2029 0.8
Rogers Communications Inc 5.25% 15-Mar-2082 0.8
Inter Pipeline Ltd 6.88% 26-Mar-2079 0.8
Videotron Ltd 3.13% 15-Jan-2026 0.8
Pembina Pipeline Corp. F/R 25-Jan-2081 0.7
Total allocation in top holdings 18.6
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.79%
Dividend yield 3.02%
Yield to maturity 6.06%
Duration (years) 3.76%
Coupon 5.58%
Average credit rating BB+
Average market cap (million) $23,835.6

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-0.09 1.67 3.46 3.46
Long term
3 YR 5 YR 10 YR INCEPTION
5.93 1.45 3.40 2.69

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
3.46 7.00 7.36 -11.37
2021 - 2018
2021 2020 2019 2018
-11.37 2.01 5.08 11.26

Range of returns over five years (August 01, 2013 - December 31, 2025)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
5.96% Feb 2021 -0.48% Sep 2022
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
2.11% 96 86 4
Period:
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CAN North American High Yield Fixed Income 100/100 (PS1)

CAN North American High Yield Fixed Income 100/100 (PS1)

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