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Canada Life Mutual Funds

CAN Canadian Fixed Income Balanced II 75/100‡

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July 31, 2026

This segregated fund invests primarily in Canadian fixed-income securities with some exposure to Canadian and foreign stocks. On or about May 8, 2026, the underlying fund changed to Canada Life Canadian Fixed Income Balanced Fund from Mackenzie Income Fund and the risk rating was changed from "Low" to "Low to moderate" risk. The performance prior to the above dates were achieved under previous manager and/ or investment strategy.

Is this fund right for you?

  • A person who is investing for the medium to longer term and seeking potential for interest income and modest growth from Canadian and foreign stocks and is comfortable with low to moderate risk.
  • Since the fund invests in stocks and bonds its value is affected by changes in interest rates and by stock prices, which can rise and fall in a short period of time.

RISK RATING

Risk Rating: Low to Moderate

How is the fund invested? (as of May 31, 2026)

Asset allocation (%)
Domestic Bonds 59.0
Canadian Equity 14.5
US Equity 9.4
Foreign Bonds 6.7
International Equity 5.6
Cash and Equivalents 4.3
Income Trust Units 0.5
Geographic allocation (%)
Canada 78.1
United States 14.7
United Kingdom 1.2
France 0.9
Norway 0.9
Japan 0.7
Germany 0.6
Taiwan 0.5
Switzerland 0.4
Other 2.0
Sector allocation (%)
Fixed Income 65.6
Financial Services 7.2
Technology 5.3
Cash and Cash Equivalent 4.3
Energy 3.7
Basic Materials 2.9
Industrial Goods 2.1
Industrial Services 2.0
Consumer Services 1.6
Other 5.3

Growth of $10,000 (since inception)

Period:

$17,821

Fund details (as of May 31, 2026)

Top holdings (%)
Canada Government 3.25% 01-Jun-2035 4.8
Cash and Cash Equivalents 3.7
Ontario Province 3.95% 02-Dec-2035 3.7
Canada Government 3.50% 01-Dec-2057 2.7
Canada Government 3.00% 01-Feb-2027 2.7
Province of Ontario 3.90% 02-Jun-2036 2.4
Canada Government 2.75% 01-Dec-2055 1.6
United States Treasury Inflation Indexed 1.13% 15-Oct-2030 1.5
Quebec Province 4.40% 01-Dec-2055 1.5
Royal Bank of Canada 1.3
Total allocation in top holdings 25.9
Portfolio characteristics
Standard deviation 5.51%
Dividend yield 2.07%
Yield to maturity 3.91%
Duration (years) 7.79%
Coupon 3.98%
Average credit rating A+
Average market cap (million) $906,568.0

Understanding returns

Annual compound returns (%)

1 MO 3 MO YTD 1 YR
-0.89 2.62 3.42 7.37
3 YR 5 YR 10 YR INCEPTION
7.45 2.80 3.28 3.77

Calendar year returns (%)

2025 2024 2023 2022
7.63 7.38 5.95 -10.56
2021 2020 2019 2018
3.13 6.48 9.89 -2.66

Range of returns over five years (January 01, 2011 - July 31, 2026)

Best return Best period end date Worst return
Worst period end date
5.28% Sep 2016 0.64% Oct 2022
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.13% 100 128 0

Fund category

Canadian Fixed Income Balanced

Inception date

December 17, 2010

Management expense ratio (MER)*

2.30%

(December 31, 2024)

Fund management

Mackenzie Investments

Net assets (million)

$192.0

Price

$17.82

Number of holdings

1637

Minimum Investment

$500

Fund codes

FEL — CLGA033E

DSC^ — CLGA033F

CB4 — CLGA033G

Estate Protection — CLGF033E

Contact information

Customer service centre

Toll free: 1-888-252-1847

Corporate website

canadalife.com

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CAN Canadian Fixed Income Balanced II 75/100‡
CAN Canadian Fixed Income Balanced II 75/100‡
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