July 31, 2026
The segregated fund seeks to provide income with the potential for long-term capital growth by investing primarily in International equity securities currently through the Canada Life International Enhanced Equity Income mutual fund.
Is this fund right for you?
- A person who is investing for the medium to longer term, seeking income along with the growth potential of International stocks and is comfortable with moderate risk.
- Since the fund invests in stocks its value is affected by stock prices, which can rise and fall in a short period of time.
RISK RATING
How is the fund invested? (as of May 31, 2026)
| Name | Percent |
|---|---|
| International Equity | 89.1 |
| Cash and Equivalents | 10.5 |
| Income Trust Units | 0.7 |
| US Equity | -0.2 |
| Other | -0.1 |
| Name | Percent |
|---|---|
| Japan | 21.1 |
| United Kingdom | 11.4 |
| Canada | 9.8 |
| Germany | 8.1 |
| France | 7.9 |
| Switzerland | 7.8 |
| Australia | 5.9 |
| Netherlands | 5.8 |
| Spain | 3.3 |
| Other | 18.9 |
| Name | Percent |
|---|---|
| Financial Services | 21.9 |
| Industrial Goods | 11.6 |
| Cash and Cash Equivalent | 10.5 |
| Consumer Goods | 10.1 |
| Technology | 9.6 |
| Healthcare | 7.4 |
| Basic Materials | 4.9 |
| Industrial Services | 4.4 |
| Energy | 4.3 |
| Other | 15.3 |
Growth of $10,000 (since inception)
Data not available based on date of inception
Fund details (as of May 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Cash and Cash Equivalents | 9.8 |
| ASML Holding NV | 2.6 |
| HSBC Holdings PLC | 1.3 |
| Roche Holding AG | 1.2 |
| AstraZeneca PLC | 1.2 |
| Novartis AG Cl N | 1.1 |
| Nestle SA Cl N | 1.1 |
| Shell PLC | 1.0 |
| Siemens AG Cl N | 1.0 |
| BHP Group Ltd | 1.0 |
| Total allocation in top holdings | 21.3 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | - |
| Dividend yield | 2.75% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $164,824.2 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| Data not available based on date of inception | |||
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| Data not available based on date of inception | |||
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Data not available based on date of inception | |||
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| Data not available based on date of inception | |||
Range of returns over five years
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| Data not available based on date of inception | |||
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| Data not available based on date of inception | |||
Q2 2026 Fund Commentary
Commentary and opinions are provided by Keyridge Asset Management.
Market commentary
International equities performed positively over the quarter ended June 30, 2026. Returns were driven by a global rally in information technology sector stocks, while European markets were especially strong as geopolitical tensions eased.
Performance
The Fund’s objective is to target 5% annual income comprised of option premiums and dividends from the underlying equity. The Fund has a holding in iShares MSCI EAFE ETF for equity market exposure, and the option overlay systematically rolls between derivatives contracts every week.
The Fund’s call option overlay detracted from performance over the quarter. The sub-advisor sells away a portion of the Fund’s equity market upside exposure through call options, which helps the Fund achieve its income generation target but detracts from performance relative to its equity benchmark when the equity market moves upward.
Portfolio activity
Each week, the sub-advisor trades one-month call options in a systematic manner, which involves closing expired option contracts and selling new ones. This call option overlay helps the Fund achieve its income generation target.
The sub-advisor can also increase or decrease the option positions to maintain the notional exposure within a target range. This is done to manage the amount of upside exposure that’s exchanged for a premium.
Outlook
There has been no change to the strategic position of the Fund. The Fund aims to target 5% annual income comprised of option premiums and dividends from the underlying equity. Full equity exposure was maintained daily, and option notionals were monitored and maintained within the target range.
Data not available based on date of inception
