Fund overview & performance

Looking for mutual funds?

Canada Life Mutual Funds

CAN Canadian Focused Premier Growth^†

75/75 - Partner

Fund profile and commentary

May 31, 2025

A growth-oriented Canadian equity fund seeking capital appreciation.

Is this fund right for you?

You want your money to grow over the longer term.
You want to invest in Canadian companies.
You're comfortable with a moderate level of risk.

Risk Rating

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

Asset allocation (%)

	Name	Percent
	Canadian Equity	60.4
	US Equity	20.2
	International Equity	12.9
	Cash and Equivalents	6.6
	Other	-0.1

Geographic allocation (%)

	Name	Percent
	Canada	66.9
	United States	20.2
	United Kingdom	2.6
	France	2.1
	Taiwan	1.9
	Singapore	1.3
	Israel	1.1
	Ireland	0.9
	Hong Kong	0.9
	Other	2.1

Sector allocation (%)

	Name	Percent
	Financial Services	25.0
	Technology	15.9
	Basic Materials	10.3
	Consumer Services	10.3
	Industrial Goods	7.6
	Energy	7.6
	Cash and Cash Equivalent	6.6
	Industrial Services	5.3
	Healthcare	4.6
	Other	6.8

Growth of $10,000 (since inception)

Data not available based on date of inception

Fund details (as of May 31, 2025)

Top holdings	%
Royal Bank of Canada	5.3
Bank of Montreal	3.7
Toromont Industries Ltd	2.9
Canadian Pacific Kansas City Ltd	2.9
Wheaton Precious Metals Corp	2.5
Brookfield Corp Cl A	2.4
Franco-Nevada Corp	2.1
Intact Financial Corp	2.0
Taiwan Semiconductor Manufactrg Co Ltd	1.9
Shopify Inc Cl A	1.8
Total allocation in top holdings	27.5

Portfolio characteristics
Standard deviation	13.5%
Dividend yield	1.7%
Average market cap (million)	$321,520.9

Understanding returns

Annual compound returns (%)

1 MO	3 MO	YTD	1 YR
{{snapShot.Return1Mth\|customNumber:1}}	{{snapShot.Return3Mth\|customNumber:1}}	{{snapShot.ReturnYTD\|customNumber:1}}	{{snapShot.Return1Yr\|customNumber:1}}

3 YR	5 YR	10 YR	INCEPTION
{{snapShot.Return3Yr\|customNumber:1}}	{{snapShot.Return5Yr\|customNumber:1}}	{{snapShot.Return10Yr\|customNumber:1}}	{{snapShot.ReturnInception\|customNumber:1}}

Calendar year returns (%)

2024	2023	2022	2021
{{snapShot.Return1YrCalendar\|customNumber:1}}	{{snapShot.Return2YrCalendar\|customNumber:1}}	{{snapShot.Return3YrCalendar\|customNumber:1}}	{{snapShot.Return4YrCalendar\|customNumber:1}}

2020	2019	2018	2017
{{snapShot.Return5YrCalendar\|customNumber:1}}	{{snapShot.Return6YrCalendar\|customNumber:1}}	{{snapShot.Return7YrCalendar\|customNumber:1}}	{{snapShot.Return8YrCalendar\|customNumber:1}}

Range of returns over five years (August 1, 2018 - May 31, 2025)

Best return	Best period end date	Worst return	Worst period end date
17.1%	March 2025	6.7%	Sept. 2023

Average return	% of periods with positive returns	Number of positive periods	Number of negative periods
11.4%	100.0%	23	0

Q1 2025 Fund Commentary

Market commentary

The first quarter of 2025 was marked by volatility and shifts in equity market leadership. Developed markets in Europe and emerging markets outperformed U.S. equities. In Europe, German equities rose driven by increased deficit spending aimed at supporting economic growth and defence. Among emerging markets, Chinese equities were up, benefiting from stimulus measures, including wage increases and expanded trade-in programs for consumer goods.

Canadian equities rose, despite trade tensions with the U.S. and the Bank of Canada lowering interest rates. U.S. equities declined, affected by trade policy uncertainty and the rise of artificial intelligence company DeepSeek, which affected information technology and consumer discretionary sectors. In this market environment, commodities, especially gold, had positive performance. Value stocks outperformed, while small-capitalization stocks had negative performance.

Performance

The Fund’s relative exposure to Wheaton Precious Metals Corp. and Franco-Nevada Corp. had the most positive impact on performance. Both companies benefited from gold prices that rose because of global trade tensions and the increased possibility of an economic downturn.

Relative exposure to Methanex Corp. and Broadcom Inc. was negative for performance. Methanex was affected by a decline in global methanol prices, driven by concerns about an Iranian facility coming into operation. Broadcom stock declined because of investor concerns about near-term data centre overexpansion.

At the sector level, stock selection in consumer staples had the most positive impact on the Fund’s performance. Stock selection in information technology, health care and consumer discretionary had a negative impact. Overweight exposure to information technology also had a negative impact on performance.

On a geographic level, selection in the U.K. and Switzerland had a positive impact on Fund performance. Exposure to the U.S. and Canada had a negative impact.

Portfolio activity

The sub-advisor added Flex Ltd., Barclays PLC, Exchange Income Corp., 3M Co., Lululemon Athletica Inc. and Dell Technologies Inc. Shopify Inc. was increased. The sub-advisor sold Groupe Dynamite Inc. and Vertex Pharmaceuticals Inc. Celestica Inc. was trimmed.

Outlook

The sub-advisor applies an EQV (earnings, quality and valuation) investment process that seeks to identify attractively valued, high-quality growth companies. The sub-advisor believes that geopolitical and macroeconomic concerns may remain elevated, but has an optimistic outlook.

(December 31, 2024)

Invesco Canada Ltd.

FEL — CLGB090A

Contact information

Toll free: 1-888-252-1847

Period:

From: to:

Chart type:

Simple moving average:

No matching records found.

Summary

For the period {{NAVPSPerformanceSummary.StartDate}} through {{NAVPSPerformanceSummary.EndDate}} with $10,000 CAD investment

Total returns performance

Last price

{{NAVPSPerformanceSummary.NAVPS | customCurrency}} CAD

as of market close {{NAVPSPerformanceSummary.NAVPSDate}}

Value of $10,000 investment

{{NAVPSPerformanceSummary.GrowthOfTenThousand | customCurrency}} CAD

Period:

From: to:

Interval:

Export to:

Legal disclaimers

The commentaries on the company specific information and purchases and sales were provided by the fund manager. Canada Life will not be liable for any loss, or damages whatsoever, whether directly or indirectly incurred, arising out of the use or misuse of errors or omissions in any information contained in this commentary. The data provided in this commentary is for information purposes only and, except where otherwise indicated, is current as of March 31, 2025.

The views expressed in this commentary are those of fund manager as at the date of publication and are subject to change without notice. This commentary is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice. Prospective investors should review the offering documents relating to any investment carefully before making an investment decision and should ask their Advisor for advice based on their specific circumstances.

The content of this commentary (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it.

This document may contain forward-looking information which reflect our or third-party current expectations or forecasts of future events. Forward-looking information is inherently subject to, among other things, risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed herein. These risks, uncertainties and assumptions include, without limitation, general economic, political and market factors, interest and foreign exchange rates, the volatility of equity and capital markets, business competition, technological change, changes in government regulations, changes in tax laws, unexpected judicial or regulatory proceedings and catastrophic events. Please consider these and other factors carefully and not place undue reliance on forward-looking information. The forward-looking information contained herein is current only as of March 31, 2025. There should be no expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

There can be no assurance that the Fund’s return or volatility targets will be met, or met over any particular time horizon. Targeted returns and volatility should be evaluated over the time period indicated and not over shorter periods. Targeted returns are not actual performance and should not be relied upon as an indication of actual or future performance.

This fund is available through a segregated funds policy issued by Canada Life.

A description of the key features of Canada Life's individual variable insurance contract is contained in the information folder, available from your advisor. Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.

Canada Life Investment Management and design, and Canada Life and design are trademarks of The Canada Life Assurance Company.

*For Partner series and Preferred partner series an advisory and management services (AMS) fee, of between 0.50% and 1.25%, is negotiated between you and your advisor. The MER doesn’t include this fee.

Canada Life is currently waiving a portion of the investment management fees on the High Interest Savings fund to target an estimated management expense ratio of 1.00%. Canada Life is not obligated to continue waiving these fees and it may cease to do so at any time without notice.

The 7-day annualized yield is based on the annualized total return of the fund over the past seven calendar days and does not represent an actual one-year return. It’s important to note that 7-day annualized yield is not an indicator of future performance of the fund.

^Deferred Sales Charge (DSC) purchase option is not available for new contributions given regulatory bans that came into effect June 1, 2023. For certain policies where DSC is the only sales charge option available, new contributions may be accepted. Additional disclosure may be required.

^†Soft capped - Contributions are no longer accepted to new investors.

^‡Hard capped - Contributions are no longer accepted.

Distribution of the chart, history standard and short-term reports are not permitted without including the fund profile long-term report. A description of the key features of Canada Life’s individual variable insurance contract is contained in the information folder, available from your advisor. Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. A description of the key features of Canada Life's individual variable insurance contract is contained in the information folder, available from your advisor. Reports produced using this web site are for information purposes only. Canada Life and their affiliates, representatives, and third party content providers do not warrant the accuracy, completeness, or timeliness of this website or any content, and shall not be responsible for investment decisions, damages, or other losses resulting from the use of this website or its content. The only true report on unit values is the periodic statement prepared and sent by Canada Life. For more information about Canada Life and its products visit canadalife.com or talk to your advisor. In Quebec, advisor refers to a financial security advisor for individual insurance and segregated funds policies; and to an advisor in group insurance/annuity plans for group products. Funds are available through a segregated funds policy issued by Canada Life. Canada Life and design are/is a trademark(s) of The Canada Life Assurance Company.

CAN Canadian Focused Premier Growth†