April 30, 2026
A blended-style fund that focuses on long-term growth from Canada.
Is this fund right for you?
- You want investment income and want your money to grow over time.
- You want exposure to the Canadian common stock market as represented by the TSE 300 index.
- You're comfortable with a moderate level of risk.
RISK RATING
How is the fund invested? (as of February 28, 2026)
| Name | Percent |
|---|---|
| Canadian Equity | 100.0 |
| Name | Percent |
|---|---|
| Canada | 100.0 |
| Name | Percent |
|---|---|
| Mutual Fund | 100.0 |
Growth of $10,000 (since inception)
For the period 07/09/2018 through 04/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $19,408
Fund details (as of February 28, 2026)
| Top holdings | Percent (%) |
|---|---|
| Canada Life Canadian Focused Growth Fund A | 100.0 |
| Cash and Cash Equivalents | 0.0 |
| Total allocation in top holdings | 100.0 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 9.54% |
| Dividend yield | - |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | - |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 3.65 | 3.94 | 2.96 | 16.88 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 10.55 | 7.89 | - | 8.86 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 11.25 | 14.36 | 10.45 | -10.14 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 23.24 | 11.29 | 22.26 | - |
Range of returns over five years (August 01, 2018 - April 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 12.48% | Mar 2025 | 7.43% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 9.39% | 100 | 34 | 0 |
Q1 2026 Fund Commentary
Commentary and opinions are provided by Mackenzie Investments.
Market commentary
North American economies diverged notably in the first quarter. Canada’s economy remained under pressure from trade uncertainty and a soft labour market, with employment declining in January and February before stabilizing in March. The U.S. economy started the year with resilient consumer spending and business investment, but market sentiment deteriorated sharply after the outbreak of the conflict in the Middle East in late February raised concerns about energy prices and inflation.
Monetary policy remained on hold in both countries throughout the quarter. The Bank of Canada held its policy rate at 2.25% at both its January and March meetings, while the U.S. Federal Reserve Board maintained the federal funds rate at 3.50%–3.75% at the same meetings. Canada’s unemployment rate was 6.7% in March, and the U.S. rate was 4.3%.
Canadian equities rose about 4% in the first quarter, outperforming global peers as the energy sector benefited from the sharp rise in crude oil prices following the closure of the Strait of Hormuz. Materials also contributed, supported by a record gold price early in the quarter. The Canadian equity market performed relatively well amid a broad global equity decline.
U.S. equities declined, with the S&P 500 Index falling about 4.4%. Large-capitalization technology and growth-oriented stocks led the decline as rising oil prices and inflation concerns weighed on investor confidence. The energy sector was an exception, advancing with oil prices. Smaller-capitalization and value-oriented stocks outperformed the large-cap growth benchmark as market leadership continued to broaden.
Performance
Stock selection in the consumer staples and consumer discretionary sectors contributed to the Fund’s performance. Ovintiv Inc. and Linde PLC were the top individual contributors to performance.
Stock selection in the information technology and industrials sectors detracted from the Fund’s performance. Cenovus Energy Inc. and Mastercard Inc. were the top individual detractors from performance.
Portfolio activity
The sub-advisor added Suncor Energy Inc. and Manulife Financial Corp. The sub-advisor increased Texas Instruments Inc. and Caterpillar Inc.
Kinaxis Inc. and Copart Inc. were sold. AtkinsRéalis Group Inc. and BlackRock Inc. were reduced.
Summary
For the period 07/09/2018 through 04/30/2026 with $10,000 CAD investment
Total returns performance
94.08%
Last price
$19.41 CAD
as of market close 04/30/2026
Value of $10,000 investment
$19,408.29 CAD
