Fund Facts Booklet - Canada Life

Fund Facts Booklet Preferred series 2 Canada Life segregated funds policy Originally with Great-West Life Fund performance as of December 31, 2020

Digital copy available at Canadalife.com/informationfolders

The Canada Life Assurance Company is the sole issuer of the individual variable annuity policy described in the information folder.

Any part of your contribution allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.

This fund facts booklet forms part of the information folder. Both the information folder and fund facts booklet must be received.

Canada Life and design are trademarks of The Canada Life Assurance Company.

70-0623 – 11/21

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Fund Facts This fund facts booklet, which forms part of the Canada Life Segregated Fund Policies information folder, contains individual fund facts for the segregated funds available under the individual variable annuity policy. You can choose to invest in one or more of the funds available in this booklet.

The individual fund facts describe the key features of each segregated fund including its risk level, past performance, suitability, guarantees, and what fees and charges may apply.

The individual fund facts is not complete without the following description of What if I change my mind? and For more information.

What if I change my mind? You can change your mind and cancel the segregated fund policy, the initial pre-authorized chequing premium or any lump- sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it was mailed to you.

Your cancellation request has to be in writing, which can include email, fax or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.

For more information The Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:

The Canada Life Assurance Company 255 Dufferin Ave London, ON N6A 4K1

Web: canadalife.com

Email: On our website please go to the “Contact Us” section

Phone: 1-888-252-1847

http://canadalife.com

https://www.canadalife.com/contact-us.html

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Table of contents

Fund Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1

Fee and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

Asset Allocation Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Conservative Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Moderate Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Balanced Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Advanced Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 Aggressive Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14

Income asset allocation funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Conservative Income Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Moderate Income Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 Balanced Income Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Advanced Income Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

Managed fund solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Core Conservative Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Franklin Templeton Moderate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Mackenzie Moderate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Fidelity Moderate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Core Moderate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Franklin Templeton Moderate Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Mackenzie Moderate Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Fidelity Moderate Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Core Moderate Growth Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 CI Balanced Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Franklin Templeton Balanced Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Mackenzie Balanced Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Fidelity Balanced Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Core Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Mackenzie Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Core Balanced Growth Plus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

Cash and cash equivalent funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Fixed-Income funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Diversified Fixed Income Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Canadian Core Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Canadian Core Plus Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 Canadian Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Government Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

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Short Term Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .70 Long Term Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72 Real Return Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .74 Canadian Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .76 Floating Rate Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78 North American High Yield Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80 Global Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82 Unconstrained Fixed Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .84

Balanced funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Monthly Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Canadian Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 Canadian Diversified Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 Canadian Growth Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 Canadian Stock Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 Strategic Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 Canadian Premier Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 Canadian Value Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Sustainable Conservative Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Global Monthly Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Global Balanced . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108

Canadian equity funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 Canadian Equity Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 Canadian Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112 Canadian SRI Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 Canadian Focused Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116 Canadian Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118 Equity Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 Canadian Focused Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 Canadian Focused Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124 Canadian Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126 Canadian Core Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128 Canadian Focused Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 Canadian Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132 Canadian Small-Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 Canadian Small Cap Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136

Canadian specialty and alternative funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138 Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138

North American funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 Global Small-Mid Cap Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 Science and Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142

Foreign equity funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 Global Equity Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 Global Low Volatility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146

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Foreign Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148 Global All Cap Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 Global Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152 U.S. Low Volatility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154 U.S. Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156 American Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158 U.S. Value Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160 U.S. Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162 U.S. Dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164 U.S. Mid Cap Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166 EAFE Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168 International Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 International Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172 International Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174

Foreign specialty and alternative funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 Global Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 European Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178 Far East Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 Emerging Markets Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182 Global Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184

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Fees and expenses What you have to pay depends on the guarantee level you decide on – 75/75 guarantee, 75/100 guarantee or 100/100 guarantee – the segregated fund you hold, the market value of your total holdings and the amount of the advisory and management service (AMS) fee.

If you select a reset option additional fees apply.

These fees will be charged by redeeming units from each segregated fund.

Investment management fee For each segregated fund you hold in your policy you will pay an investment management fee plus applicable taxes. The investment management fee varies depending on the guarantee level, segregated fund chosen and the market value of your total holdings.

The investment management fee bands will be set out in the preferred series 2 fee agreement.

Operating expense fee For each segregated fund you hold in your policy you are responsible for paying all respective operating expenses related to preferred series 2 plus applicable taxes. The current annualized operating expense fee for each segregated fund will be set out in the preferred series 2 fee agreement. As operating expenses change, we may change the operating expense fee rate, from time to time without notice to you.

Advisory and management service (AMS) fee For each segregated fund you hold in your policy you will pay an AMS fee plus applicable taxes. The AMS fee is negotiated between you and your advisor subject to our then-current administrative rules. The AMS fee must be between 0.50 per cent and 1.25 per cent and will be set out in the preferred series 2 fee agreement.

For more information about the fees, see Fees and expenses section in the information folder.

The Canada Life Assurance Company FUND FACTS — Canada Life Segregated Funds Policy originally with Great-West Life – preferred series 2All information as at December 31, 2020

Conservative PortfolioConservative Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: September 24, 1996Managed by: Canada Life Investment Management Ltd.

Total fund value: $241,736,168Portfolio turnover rate: 21.84%

Guarantee policy Preferred series 2: FEL option 1

Maturity / death benefit (%) MER (%) * 1 NAV ($) 1 Units outstanding

75 / 75 2.39 16.42 779,05275 / 100 2.66 16.42 257,837100 / 100 2.82 16.42 707

* The preferred series 2 does not have a MER as all fees and expenses are paid directly by you. See the section Ongoing expenses below for further details. The MER shown is the Standard series FEL option. Your cost to hold the fund, in most instances, will be lower than the MER shown. The cost of owning this fund is set out in your fee agreement - see the Fees and expenses section of the information folder for more details and discuss with your financial security advisor.

1 FEL – Front-end load MER – Management expense ratio NAV – Net asset value

Minimum investment

•Non-registered, RRSP, TFSA and RRIF policies: $100,000 initial (with $500,000 minimum total holdings requirement)

What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 70 per cent fixed income and 30 per cent equities.Top 10 investments Name Assets %Canadian Bond 17.08Mortgage 12.69Canadian Core Bond 11.68Canadian Corporate Bond 7.05Global Bond 6.80Real Estate 5.54Unconstrained Fixed Income 5.52Canadian Growth 3.48Foreign Equity 3.48Canadian Focused Dividend 3.25Total 76.57Total investments: 25

Investment segmentationSee following table for detailed information about this fund's respective allocation. Each table entry describes the contributing names and weight percentages that make up the total value of this particular allocation.

Name Assets %Fixed income 54.88Foreign equity 16.36Other 15.18Cash and equivalents 5.91Real Estate 5.54Canadian equity 2.08Mutual funds 0.08

Are there any guarantees?This fund is being offered under an insurance contract. It comes with guarantees that may protect your investment if the markets go down. The insurance cost for the guarantee is included in the investment management fee. For details, please refer to the information folder and contract.

How has the fund performed?This section tells you how the fund has performed over the past 10 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on December 31, 2010 would have $1,405.92 on December 31, 2020. This works out to an average of 3.47% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 10 years. In the past 10 years, the fund was up in value 9 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 5.77 3.69 3.18 6.84 1.48 2.08 1.76 -1.08 5.88 5.32

Bar chart figure illustrating how the series has performed in the last %PerformanceNumberOfYears% year(s).

How risky is it?The risk rating for this fund is Low.

Low Low to moderate Moderate Moderate to high High

The value of your investments can go down. Please see the Fund risks section of the information folder for further details.

Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 25 per cent invested in equities and is comfortable with low risk.NotesPrior to November 19, 2021, this fund was named Conservative Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

6


Conservative PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges

Sales charge option What you pay How it works

Preferred series 2 FEL option Up to 2% of the amount you invest. •You and your financial security advisor determine the rate.•The fee is deducted from the amount you invest. It is paid as a commission.

2. Ongoing expensesNormally the MER includes the investment management fee, operating expenses and the cost for the guarantee. These fees are normally deducted from the fund. The preferred series 2 FEL option is only available if you pay fees by redeeming units from your policy. The preferred series 2 fee agreement shows the fees you pay. These fees reduce the return you get on your investment. The advisory and management service fee is negotiable and the fee ranges between 0.50% and 1.25%.Available additional guarantee options are subject to the following fees. You have to pay for these as set out below. For details about how the guarantees work, please see the applicable section of your information folder and contract.

Guarantee policyDeath benefit

guarantee reset option (%)

Maturity guarantee reset

option (%)

Maturity / death benefit (%) Additional costs

75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05

Trailing commissionNo trailing commission.

3. Other feesYou may have to pay other fees when you redeem or switch units of the fund.

Fee What you pay

Short-term trading fee

Up to 2% of the value of units you redeem or switch within 90 days of investing in the fund.

Switch fee You may make up to 12 free switches in each calendar year and after that you may be charged a fee.

What if I change my mind?You can change your mind and cancel the segregated fund policy, the initial pre-authorized chequing premium or any lump-sum premium you apply to the policy by telling us in writing within two business days of the earlier of the date you received confirmation of the transaction or five business days after it is mailed to you.Your cancellation request has to be in writing, which can include email or letter. The amount returned will be the lesser of the amount of the premium being cancelled or the value of the applicable units acquired on the day we process your request. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.For more informationThe Fund Facts may not contain all the information you need. Please read the contract and the information folder or you may contact us at:The Canada Life Assurance Company 255 Dufferin Avenue London, ON N6A 4K1 Web - www.canadalife.com Email - On our website, please go to the “Contact Us” section Telephone - 1-888-252-1847

7


Moderate PortfolioModerate Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.47 17.71 942,09575 / 100 2.74 17.71 317,067100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 60 per cent fixed income and 40 per cent equities.Top 10 investments Name Assets %Canadian Bond 15.08Canadian Core Bond 10.77Mortgage 10.00Real Estate 7.63Foreign Equity 6.23Global Bond 5.83Canadian Focused Dividend 5.22Canadian Corporate Bond 4.53Unconstrained Fixed Income 3.78Canadian Growth 3.69Total 72.76Total investments: 25


Name Assets %Fixed income 44.02Foreign equity 24.08Other 14.83Real Estate 7.63Cash and equivalents 5.64Canadian equity 3.74Mutual funds 0.06





How risky is it?The risk rating for this fund is Low to moderate.



Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 40 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Moderate Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

8


Moderate PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





9


Balanced PortfolioBalanced Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.53 19.93 2,056,93475 / 100 2.81 19.93 336,945100 / 100 3.12 19.93 34,378



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 40 per cent fixed income and 60 per cent equities.Top 10 investments Name Assets %Canadian Bond 12.96Real Estate 9.88Mortgage 7.11Canadian Core Bond 6.64U.S. Value Stock 5.77Canadian Focused Dividend 5.70Canadian Growth 4.90Global Bond 4.82International Growth 4.24American Growth 3.74Total 65.76Total investments: 25


Name Assets %Foreign equity 35.29Fixed income 29.77Other 14.30Real Estate 9.88Canadian equity 6.42Cash and equivalents 4.36


How has the fund performed?This section tells you how the fund has performed over the past 10 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on December 31, 2010 would have $1,552.02 on December 31, 2020. This works out to an average of 4.49% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 10 years. In the past 10 years, the fund was up in value 8 years and down in value 2 years.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -1.32 5.85 13.29 6.81 2.61 4.35 4.49 -4.45 9.44 4.95





Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 40 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Balanced Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

10


Balanced PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





11


Advanced PortfolioAdvanced Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.63 22.62 340,11975 / 100 2.90 22.62 40,932100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 20 per cent fixed income and 80 per cent equities.Top 10 investments Name Assets %Canadian Bond 12.17Real Estate 8.73U.S. Value Stock 8.44Canadian Growth 6.57American Growth 6.28International Growth 5.62Canadian Equity (Mackenzie) 5.03International Equity (Setanta) 4.29Canadian Focused Dividend 4.23Canadian Small-Mid Cap 4.17Total 65.53Total investments: 23


Name Assets %Foreign equity 49.55Fixed income 14.79Canadian equity 13.71Other 9.86Real Estate 8.73Cash and equivalents 3.38








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 20 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Advanced Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

12


Advanced PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





13


Aggressive PortfolioAggressive Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.75 25.76 123,24575 / 100 3.12 25.76 6,093100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities. It targets an asset mix of 100 per cent equities.Top 10 investments Name Assets %Real Estate 9.71American Growth 8.75U.S. Value Stock 8.74Canadian Growth 8.41International Growth 7.27Canadian Equity (Mackenzie) 7.13Canadian Small-Mid Cap 6.04International Equity (Setanta) 5.28Global Small Cap (Mackenzie) 5.03Foreign Equity 5.01Total 71.37Total investments: 20


Name Assets %Foreign equity 60.44Canadian equity 18.14Real Estate 9.71Other 8.51Cash and equivalents 2.52Fixed income 0.70





How risky is it?The risk rating for this fund is Moderate.



Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in equities and is comfortable with moderate risk.NotesPrior to November 19, 2021, this fund was named Aggressive Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

14


Aggressive PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





15


Conservative Income PortfolioConservative Income Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: June 12, 2006Managed by: Canada Life Investment Management Ltd.




75 / 75 2.39 16.01 85,59375 / 100 2.66 16.01 14,212100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 60 to 80 per cent fixed income and 20 to 40 per cent equities.Top 10 investments Name Assets %Canadian Bond 17.25Canadian Core Bond 14.72Mortgage 12.28Global Bond 9.13Unconstrained Fixed Income 7.61Bond (Mackenzie) 7.10Real Estate 5.51Long Term Bond 5.09Canadian Focused Dividend 4.36North American High Yield Fixed Income 4.06Total 87.11Total investments: 15


Name Assets %Fixed income 64.01Other 14.86Foreign equity 8.54Cash and equivalents 6.99Real Estate 5.51Mutual funds 0.11Canadian equity -0.02








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 20 to 40 per cent invested in equities and is comfortable with low risk.NotesPrior to November 19, 2021, this fund was named Conservative Income Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

16


Conservative Income PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





17


Moderate Income PortfolioModerate Income Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.47 17.16 118,30075 / 100 2.74 17.16 7,911100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 40 to 70 per cent fixed income and 30 to 60 per cent equities.Top 10 investments Name Assets %Canadian Bond 16.18Canadian Core Bond 13.65Mortgage 9.21Real Estate 7.97Unconstrained Fixed Income 6.57Global Bond 6.56Canadian Focused Dividend 6.05Bond (Mackenzie) 5.06Global Infrastructure 5.05Global Dividend 5.03Total 81.33Total investments: 17


Name Assets %Fixed income 52.71Foreign equity 16.37Other 14.45Real Estate 7.97Cash and equivalents 6.07Canadian equity 2.35Mutual funds 0.10








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 30 to 60 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Moderate Income Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

18


Moderate Income PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





19


Balanced Income PortfolioBalanced Income Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.56 18.86 79,63875 / 100 2.84 18.86 42,922100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 25 to 50 per cent fixed income and 50 to 75 per cent equities.Top 10 investments Name Assets %Canadian Bond 13.11Real Estate 10.11Canadian Core Bond 9.07Canadian Focused Dividend 7.55Foreign Equity 7.05Global Infrastructure 7.05Global Dividend 7.04Canadian Growth 7.04Mortgage 6.29U.S. Value Stock 6.04Total 80.35Total investments: 15


Name Assets %Fixed income 36.67Foreign equity 27.18Other 13.93Real Estate 10.11Canadian equity 6.67Cash and equivalents 5.39Mutual funds 0.06








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 25 to 50 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Balanced Income Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

20


Balanced Income PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





21


Advanced Income PortfolioAdvanced Income Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.65 20.75 26,21075 / 100 2.92 20.75 1,679100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities but includes fixed-income securities. It targets an asset mix of 10 to 30 per cent fixed income and 70 to 90 per cent equities.Top 10 investments Name Assets %Foreign Equity 11.31Real Estate 11.20Global Dividend 9.45Canadian Focused Dividend 8.44Canadian Bond 7.95Global Infrastructure 7.85Canadian Growth 7.47Global Value (Mackenzie) 6.01Canadian Equity (Mackenzie) 5.46Canadian Small-Mid Cap 4.53Total 79.67Total investments: 15


Name Assets %Foreign equity 38.01Fixed income 19.47Other 13.40Canadian equity 13.20Real Estate 11.20Cash and equivalents 4.71








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 10 to 30 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Advanced Income Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

22


Advanced Income PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





23


Core Conservative GrowthCore Conservative Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: October 5, 2009Managed by: Canada Life Investment Management Ltd.




75 / 75 2.39 17.12 19,19175 / 100 2.44 17.12 134,519100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 70 per cent fixed income and 30 per cent equities.Top 10 investments Name Assets %Canadian Bond 70.20Canadian Equity (Mackenzie) 4.47Canadian Focused Dividend 4.45Canadian Large Cap Equity Index (Mackenzie) 4.44Canadian Core Dividend 4.42Global All Cap Equity 3.01U.S. Equity Index (Mackenzie) 3.01EAFE Equity 2.99U.S. Value 1.51U.S. Growth 1.50Total 100.00Total investments: 10


Name Assets %Fixed income 68.03Canadian equity 16.28Foreign equity 13.17Cash and equivalents 2.26Other 0.23Mutual funds 0.02








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 30 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Core Conservative Growth (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

24


Core Conservative GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





25


Franklin Templeton Moderate IncomeFranklin Templeton Moderate Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 -- -- --75 / 100 -- -- --100 / 100 -- -- --

* The preferred series 2 does not have a MER as all fees and expenses are paid directly by you. See the section Ongoing expenses below for further details. The cost of owning this fund is set out in your fee agreement - see the Fees and expenses section of the information folder for more details and discuss with your financial security advisor.


Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 65 per cent fixed income and 35 per cent equities.Top 10 investments Name Assets %Fixed Income (Franklin Templeton) 65.26Canadian Stock 15.56Global Equity (Franklin Templeton) 10.49Canadian Large Cap Equity Index (Mackenzie) 5.18U.S. Equity Index (Mackenzie) 3.51Total 100.00Total investments: 5


Name Assets %Fixed income 62.37Canadian equity 20.51Foreign equity 14.17Cash and equivalents 3.18Mutual funds 0.03








Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 35 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Franklin Templeton Moderate Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

26


Franklin Templeton Moderate IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





27


Mackenzie Moderate IncomeMackenzie Moderate Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.72 18.03 10,41775 / 100 2.78 18.03 118,661100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 65 per cent fixed income and 35 per cent equities.Top 10 investments Name Assets %Bond (Mackenzie) 64.74Canadian All Cap Value (Mackenzie) 15.89U.S. Large Cap (Mackenzie) 5.32International Equity (Mackenzie) 5.27Canadian Large Cap Equity Index (Mackenzie) 5.26U.S. Equity Index (Mackenzie) 3.52Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 35 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Mackenzie Moderate Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

28


Mackenzie Moderate IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





29


Fidelity Moderate IncomeFidelity Moderate Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 -- -- --75 / 100 2.85 18.35 53,241100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 65 per cent fixed income and 35 per cent equities.Top 10 investments Name Assets %Canadian Bond (Fidelity) 65.08Canadian Equity (Fidelity) 15.67U.S. Equity (Fidelity) 5.29International Equity (Fidelity) 5.26Canadian Large Cap Equity Index (Mackenzie) 5.19U.S. Equity Index (Mackenzie) 3.51Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 35 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Fidelity Moderate Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

30


Fidelity Moderate IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





31


Core ModerateCore Moderate — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.60 18.23 5,47575 / 100 -- -- --100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 60 per cent fixed income and 40 per cent equities.Top 10 investments Name Assets %Canadian Bond 59.93Canadian Equity (Mackenzie) 6.00Canadian Large Cap Equity Index (Mackenzie) 5.97Canadian Focused Dividend 5.97Canadian Core Dividend 5.95EAFE Equity 4.05U.S. Equity Index (Mackenzie) 4.04Global All Cap Equity 4.04U.S. Growth 2.03U.S. Value 2.02Total 100.00Total investments: 10










Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 40 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Core Moderate (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

32


Core ModerateHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





33


Franklin Templeton Moderate GrowthFranklin Templeton Moderate Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.73 18.80 3,22675 / 100 -- -- --100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 55 per cent fixed income and 45 per cent equities.Top 10 investments Name Assets %Fixed Income (Franklin Templeton) 54.61Canadian Stock 20.23Global Equity (Franklin Templeton) 13.79Canadian Large Cap Equity Index (Mackenzie) 6.81U.S. Equity Index (Mackenzie) 4.56Total 100.00Total investments: 5










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Franklin Templeton Moderate Growth (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

34


Franklin Templeton Moderate GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





35


Mackenzie Moderate GrowthMackenzie Moderate Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 -- -- --75 / 100 -- -- --100 / 100 -- -- --

* The preferred series 2 does not have a MER as all fees and expenses are paid directly by you. See the section Ongoing expenses below for further details. The cost of owning this fund is set out in your fee agreement - see the Fees and expenses section of the information folder for more details and discuss with your financial security advisor.


Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 55 per cent fixed income and 45 per cent equities.Top 10 investments Name Assets %Bond (Mackenzie) 53.96Canadian All Cap Value (Mackenzie) 20.99Canadian Large Cap Equity Index (Mackenzie) 6.90International Equity (Mackenzie) 6.79U.S. Large Cap (Mackenzie) 6.78U.S. Equity Index (Mackenzie) 4.58Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Mackenzie Moderate Growth (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

36


Mackenzie Moderate GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





37


Fidelity Moderate GrowthFidelity Moderate Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.98 19.61 2,85975 / 100 3.03 19.61 3,517100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 55 per cent fixed income and 45 per cent equities.Top 10 investments Name Assets %Canadian Bond (Fidelity) 55.27Canadian Equity (Fidelity) 20.01U.S. Equity (Fidelity) 6.78International Equity (Fidelity) 6.76Canadian Large Cap Equity Index (Mackenzie) 6.66U.S. Equity Index (Mackenzie) 4.52Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Fidelity Moderate Growth (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

38


Fidelity Moderate GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





39


Core Moderate Growth PlusCore Moderate Growth Plus — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.66 19.22 71675 / 100 2.72 19.20 1,265100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and Canadian and foreign equities. It targets an asset mix of 50 per cent fixed income and 50 per cent equities.Top 10 investments Name Assets %Canadian Bond 48.84Canadian Core Dividend 7.71Canadian Equity (Mackenzie) 7.70Canadian Focused Dividend 7.68Canadian Large Cap Equity Index (Mackenzie) 7.63EAFE Equity 5.19Global All Cap Equity 5.17U.S. Equity Index (Mackenzie) 5.03U.S. Value 2.57U.S. Growth 2.48Total 100.00Total investments: 10










Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a balance of fixed income and equity funds and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Core Moderate Growth Plus (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

40


Core Moderate Growth PlusHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





41


CI Balanced IncomeCI Balanced Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.92 21.15 2,63675 / 100 2.97 21.14 2,429100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 55 per cent equities and 45 per cent fixed income.Top 10 investments Name Assets %Canadian Bond (CI) 44.47Canadian Value (CI) 24.93Global Equity (CI) 16.80Canadian Large Cap Equity Index (Mackenzie) 8.26U.S. Equity Index (Mackenzie) 5.54Total 100.00Total investments: 5


Name Assets %Fixed income 41.92Canadian equity 33.00Foreign equity 21.11Cash and equivalents 3.58Mutual funds 0.19Other 0.17








Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named CI Balanced Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

42


CI Balanced IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





43


Franklin Templeton Balanced IncomeFranklin Templeton Balanced Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.84 19.86 32,07775 / 100 -- -- --100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 55 per cent equities and 45 per cent fixed income.Top 10 investments Name Assets %Fixed Income (Franklin Templeton) 45.18Canadian Stock 24.61Global Equity (Franklin Templeton) 16.53Canadian Large Cap Equity Index (Mackenzie) 8.17U.S. Equity Index (Mackenzie) 5.51Total 100.00Total investments: 5





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -0.61 7.46 11.26 8.37 -0.18 7.21 3.90 -5.88 10.67 4.12





Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Franklin Templeton Balanced Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

44


Franklin Templeton Balanced IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





45


Mackenzie Balanced IncomeMackenzie Balanced Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.86 20.13 2,20675 / 100 2.91 20.12 76,603100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 55 per cent equities and 45 per cent fixed income.Top 10 investments Name Assets %Bond (Mackenzie) 44.87Canadian All Cap Value (Mackenzie) 24.82U.S. Large Cap (Mackenzie) 8.28Canadian Large Cap Equity Index (Mackenzie) 8.26International Equity (Mackenzie) 8.26U.S. Equity Index (Mackenzie) 5.51Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Mackenzie Balanced Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

46


Mackenzie Balanced IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





47


Fidelity Balanced IncomeFidelity Balanced Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 3.00 20.86 13,36475 / 100 3.06 20.86 40,273100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 55 per cent equities and 45 per cent fixed income.Top 10 investments Name Assets %Canadian Bond (Fidelity) 44.73Canadian Equity (Fidelity) 24.75U.S. Equity (Fidelity) 8.37International Equity (Fidelity) 8.36Canadian Large Cap Equity Index (Mackenzie) 8.23U.S. Equity Index (Mackenzie) 5.56Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 45 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Fidelity Balanced Income (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

48


Fidelity Balanced IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





49


Core BalancedCore Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.67 20.46 15375 / 100 2.73 20.47 49,571100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 60 per cent equities and 40 per cent fixed income.Top 10 investments Name Assets %Canadian Bond 39.05Canadian Equity (Mackenzie) 9.15Canadian Focused Dividend 9.11Canadian Core Dividend 9.10Canadian Large Cap Equity Index (Mackenzie) 9.07EAFE Equity 6.19Global All Cap Equity 6.17U.S. Equity Index (Mackenzie) 6.08U.S. Value 3.06U.S. Growth 3.02Total 100.00Total investments: 10










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 40 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Core Balanced (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

50


Core BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





51


Mackenzie BalancedMackenzie Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 -- -- --75 / 100 3.13 20.82 1,397100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 60 per cent equities and 40 per cent fixed income.Top 10 investments Name Assets %Bond (Mackenzie) 38.88Canadian All Cap Value (Mackenzie) 27.79Canadian Large Cap Equity Index (Mackenzie) 9.16International Equity (Mackenzie) 9.05U.S. Large Cap (Mackenzie) 9.04U.S. Equity Index (Mackenzie) 6.08Total 100.00Total investments: 6










Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 40 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Mackenzie Balanced (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

52


Mackenzie BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





53


Core Balanced Growth PlusCore Balanced Growth Plus — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.86 21.66 21,30275 / 100 2.91 21.66 6,751100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian and foreign equities and fixed-income securities. It targets an asset mix of 70 per cent equities and 30 per cent fixed income.Top 10 investments Name Assets %Canadian Bond 29.19Canadian Equity (Mackenzie) 10.63Canadian Focused Dividend 10.59Canadian Core Dividend 10.57Canadian Large Cap Equity Index (Mackenzie) 10.55EAFE Equity 7.17Global All Cap Equity 7.15U.S. Equity Index (Mackenzie) 7.07U.S. Value 3.57U.S. Growth 3.51Total 100.00Total investments: 10


Name Assets %Canadian equity 38.78Foreign equity 31.21Fixed income 28.29Cash and equivalents 1.41Other 0.25Mutual funds 0.06








Who is this fund for?A person who is investing for the medium to longer term, wants fixed income and equity funds in one fund, with a target of no more than 30 per cent invested in fixed income and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Core Balanced Growth Plus (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

54


Core Balanced Growth PlusHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





55


Money MarketMoney Market — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: April 30, 1989Managed by: Mackenzie Investments

Total fund value: $171,501,568Portfolio turnover rate: --



75 / 75 0.70 11.05 778,42175 / 100 0.68 11.05 669,123100 / 100 0.57 11.05 25,567



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian money market instruments, such as high-quality commercial paper and short-term government debt securities.Top 10 investments Name Assets %Gov. of Canada Treasury Bill, 4/1/2021 11.06Gov. of Canada Treasury Bill, 3/4/2021 9.89Gov. of Canada Treasury Bill, 3/18/2021 9.31Canadian T-Bill Treasury Bill, 4/29/2021 7.56Gov. of Canada Treasury Bill, 5/13/2021 6.98Gov. of Canada Treasury Bill, 2/4/2021 5.82Gov. of Canada Treasury Bill, 4/22/2021 5.82Gov. of Canada Treasury Bill, 1/14/2021 5.53Gov. of Canada Treasury Bill, 4/15/2021 5.24Canadian T-Bill Treasury Bill, 1/21/2021 4.66Total 71.87Total investments: 20


Name Assets %Cash and equivalents 99.53Other 0.47



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 0.08 0.15 0.08 0.05 0.10 0.06 0.10 0.26 0.45 0.15





Who is this fund for?A person seeking short-term safety and planning to hold their investment for a short period of time.NotesPrior to November 19, 2021, this fund was named Money Market (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund. In 2020, Canada Life reduced the investment management fees and / or operating expenses for this fund. There is no obligation on Canada Life to continue the reduction and it may cease to do so at any time without notice.

56


Money MarketHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





57


Diversified Fixed Income PortfolioDiversified Fixed Income Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: December 12, 2000Managed by: Canada Life Investment Management Ltd.




75 / 75 2.14 14.42 431,64275 / 100 2.26 14.42 220,392100 / 100 2.52 14.42 8,735



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian fixed-income securities. It targets an asset mix of 100 per cent fixed income.Top 10 investments Name Assets %Canadian Bond 22.01Canadian Core Bond 17.01Mortgage 14.98Global Bond 9.98Bond (Mackenzie) 9.00Unconstrained Fixed Income 7.99Canadian Corporate Bond 7.00Long Term Bond 6.01Real Return Bond 3.01Short-Term Bond 3.01Total 100.00Total investments: 10


Name Assets %Fixed income 80.22Other 12.34Cash and equivalents 7.00Foreign equity 0.24Mutual funds 0.12Canadian equity 0.07



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 6.57 1.78 -2.48 5.72 0.76 0.67 0.55 -0.30 4.23 6.44





Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in fixed income and is comfortable with low risk.NotesPrior to November 19, 2021, this fund was named Diversified Fixed Income Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

58


Diversified Fixed Income PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





59


Canadian Core BondCanadian Core Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: Mackenzie Investments




75 / 75 1.96 14.14 685,22175 / 100 2.02 14.14 727,770100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities issued by governments and corporations.Top 10 investments Name Assets %Gov. of Canada, 2.75%, 6/1/2022 2.66Gov. of Canada, 5.75%, 6/1/2029 2.64Gov. of Canada, 4%, 6/1/2041 2.51Gov. of Canada, 2.25%, 6/1/2025 2.43Gov. of Canada, 5.75%, 6/1/2033 2.28Province of Ontario, 4.6%, 6/2/2039 2.03Province of Ontario, 4.7%, 6/2/2037 1.96Province of Quebec, 3.5%, 12/1/2045 1.91Gov. of Canada, 2.00%, 2051/12/1 1.73Gov. of Canada, 2.00%, 9/1/2023 1.65Total 21.80Total investments: 139


Name Assets %Fixed income 95.01Cash and equivalents 4.20Other 0.79



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 7.76 1.71 -2.88 6.55 1.52 -0.21 0.52 -0.64 4.92 6.60





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Core Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

60


Canadian Core BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





61


Canadian Core Plus BondCanadian Core Plus Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: June 12, 2006Managed by: Mackenzie Investments




75 / 75 2.07 14.26 262,06975 / 100 2.12 14.26 79,837100 / 100 2.17 14.26 1,523



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian and foreign fixed- income securities issued by governments and corporations.Top 10 investments Name Assets %Province of Quebec, 4.25%, 12/1/2043 2.75Gov. of Canada, 1.25%, 6/1/2030 2.52Province of Ontario, 4.7%, 6/2/2037 1.90Province of Ontario, 2.05%, 6/2/2030 1.77Gov. of Canada, 0.50%, 9/1/2025 1.61Gov. of Canada, 2.00%, 2051/12/1 1.47Gov. of Canada, 1%, 6/1/2027 1.47Government of Canada 1.50% 06-01-26 1.46Province of Alberta, 2.05%, 6/1/2030 1.44Province of Quebec, 3.1%, 12/1/2051 1.35Total 17.75Total investments: 266





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 7.14 3.17 -2.83 6.44 1.07 -0.00 0.68 -0.91 4.84 6.95





Who is this fund for?A person who is investing for the medium to longer term and seeking the potential for interest income and wants exposure to Canadian and foreign fixed-income securities in their portfolio and is comfortable with low risk. Since the fund invests in bonds its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Core Plus Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

62


Canadian Core Plus BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





63


Canadian BondCanadian Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 1.96 14.20 215,00975 / 100 2.01 14.18 243,755100 / 100 2.07 14.48 548



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities issued by governments and corporations.Top 10 investments Name Assets %Province of Quebec, 4.25%, 12/1/2043 2.54Province of Ontario, 4.7%, 6/2/2037 2.10Gov. of Canada, 1.25%, 6/1/2030 2.09Gov. of Canada, 2.00%, 9/1/2023 1.92Gov. of Canada, 0.50%, 9/1/2025 1.81Government of Canada 1.50% 06-01-26 1.71Province of Ontario, 2.05%, 6/2/2030 1.69Royal Bank of Canada, 2%, 3/21/2022 1.41Province of Nova Scotia, 2%, 9/1/2030 1.40Gov. of Canada, 2.00%, 2051/12/1 1.38Total 18.03Total investments: 250





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 7.33 2.25 -2.89 6.27 0.99 0.10 0.67 -0.80 4.92 7.10





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Canadian Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

64


Canadian BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





65


MortgageMortgage — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: April 30, 1989Managed by: The Canada Life Assurance Company




75 / 75 2.39 13.68 404,29475 / 100 2.44 13.68 223,540100 / 100 2.49 13.68 910



Minimum investment


What does the fund invest in?This segregated fund invests primarily in mortgages on Canadian residential and commercial properties.Top 10 investments Name Assets %Gov. of Canada Treasury Bill, 6/10/2021 2.89Government of Canada 1.50% 06-01-26 2.60Gov. of Canada, 2.25%, 6/1/2025 2.35ARI FCP Investments LP, 3.56%, 12/1/2023 1.91Bow Centre Street Limited Partnership, 3.8%, 6/13/2023 1.40Georgia & Seymour Properties Limited Partnership, 3.4%, 7/22/2025 1.07

Gov. of Canada Treasury Bill, 4/8/2021 1.01Gov. of Canada, 1.50%, 9/1/2024 0.75Gov. of Canada Treasury Bill, 3/18/2021 0.72Brookfield Properties (Bankers Hall) Ltd., 4.38%, 11/20/2023 0.66

Total 15.36Total investments: 19


Name Assets %Other 80.46Fixed income 12.27Cash and equivalents 7.26



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 5.75 1.01 -0.96 4.36 1.29 -0.92 -0.33 0.82 1.75 3.95





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in mortgages its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Mortgage (Portico). Effective January 2021 The Canada Life Assurance Company assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

66


MortgageHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





67


Government BondGovernment Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 8, 1994Managed by: Mackenzie Investments




75 / 75 1.98 12.33 15,09375 / 100 2.03 12.33 2,680100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in fixed-income securities issued by Canadian governments.Top 10 investments Name Assets %Canada Housing Trust No.1, 2.35%, 9/15/2023 10.30Gov. of Canada, 1.5%, 6/1/2023 8.34Canada Housing Trust No.1, 1.75%, 6/15/2022 5.66Gov. of Canada, 2.25%, 6/1/2025 5.45Province of Ontario, 2.6%, 6/2/2025 4.53Gov. of Canada, 1.50%, 9/1/2024 4.46Canada Housing Trust No.1, 2.9%, 6/15/2024 4.12Gov. of Canada, 0.02%, 5/1/2022 3.67Province of Ontario, 3.15%, 6/2/2022 3.51Gov. of Canada, 1.25%, 6/1/2030 3.29Total 53.33Total investments: 40


Name Assets %Fixed income 95.56Cash and equivalents 4.44



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 4.05 -0.27 -0.89 1.78 0.86 -1.30 -1.87 0.05 0.73 3.85





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Government Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

68


Government BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





69


Short-Term BondShort- Term Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013

Date fund created: July 8, 2013Managed by: Mackenzie Investments




75 / 75 1.73 12.28 150,91975 / 100 1.79 12.28 2,888100 / 100 1.90 12.28 2,717



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities issued by governments and corporations, with some exposure to foreign fixed-income securities.Top 10 investments Name Assets %Canada Housing Trust No.1, 1.8%, 12/15/2024 3.49Canada Housing Trust No.1, 2.35%, 9/15/2023 2.50Gov. of Canada, 1.50%, 9/1/2024 2.49Gov. of Canada, 1.5%, 6/1/2023 2.48Master Credit Card Trust II, Series 2016-3, 3.056%, 1/21/2022 2.20

Glacier Credit Card Trust, 3.3%, 9/20/2022 2.07Royal Bank of Canada, 2.36%, 12/5/2022 2.05RioCan REIT, 2.19%, 4/9/2021 1.87Saputo Inc., 1.94%, 6/13/2022 1.86Pembina Pipeline Corp., 2.56%, 6/1/2023 1.79Total 22.80Total investments: 130




How has the fund performed?This section tells you how the fund has performed over the past 7 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on July 8, 2013 would have $1,077.01 on December 31, 2020. This works out to an average of 1.00% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 7 years. In the past 7 years, the fund was up in value 5 years and down in value 2 years.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 1.36 0.63 -0.28 -1.02 0.26 1.89 4.05





Who is this fund for?A person who is investing for the short to medium term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Short Term Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

70


Short-Term BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





71


Long Term BondLong Term Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013

Date fund created: July 8, 2013Managed by: The Canada Life Assurance Company




75 / 75 2.14 16.99 3,01375 / 100 2.29 16.99 11,529100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities issued by governments and corporations, with some exposure to foreign fixed-income securities.Top 10 investments Name Assets %Province of Ontario, 3.45%, 6/2/2045 3.26Province of Ontario, 4.7%, 6/2/2037 2.65Province of Ontario, 2.9%, 6/2/2049 2.54Province of Quebec, 4.25%, 12/1/2043 2.46Gov. of Canada, 2.00%, 2051/12/1 2.45Gov. of Canada, 3.5%, 12/1/2045 2.45Province of Quebec, 3.5%, 12/1/2048 2.35Province of Quebec, 3.1%, 12/1/2051 2.33Province of Ontario, 3.5%, 6/2/2043 2.28Province of Quebec, 3.5%, 12/1/2045 2.21Total 24.97Total investments: 120




How has the fund performed?This section tells you how the fund has performed over the past 7 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on July 8, 2013 would have $1,448.52 on December 31, 2020. This works out to an average of 5.08% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 7 years. In the past 7 years, the fund was up in value 6 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 16.78 1.25 0.35 4.79 -2.11 10.30 10.15





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low to moderate risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Long Term Bond (Portico). Effective January 2021 The Canada Life Assurance Company assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

72


Long Term BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





73


Real Return BondReal Return Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013

Date fund created: July 8, 2013Managed by: The Canada Life Assurance Company




75 / 75 2.05 14.11 11,03575 / 100 -- -- --100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian real return bonds issued by governments, with some exposure to foreign fixed-income securities. Real return bonds can help provide a hedge against inflation.Top 10 investments Name Assets %Gov. of Canada, 1.5%, 12/1/2044 14.28Gov. of Canada, 4%, 12/1/2031 13.98Gov. of Canada, 1.25%, 12/1/2047 13.31Gov. of Canada RR, 2%, 12/1/2041 13.01Gov. of Canada RR, 3%, 12/1/2036 12.58Gov. of Canada, 0.5%, 12/1/2050 10.67Gov. of Canada RR, 4.25%, 12/1/2026 9.12Province of Ontario RR, 2%, 12/1/2036 5.63Province of Quebec RR, 4.5%, 12/1/2026 3.00Province of Quebec RR, 4.25%, 12/1/2031 1.87Total 97.45Total investments: 12





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 10.40 0.24 0.70 -1.36 -2.11 5.81 10.41





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio while supplying a hedge against inflation. A person should be comfortable with low to moderate risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Real Return Bond (Portico). Effective January 2021 The Canada Life Assurance Company assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

74


Real Return BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





75


Canadian Corporate BondCanadian Corporate Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013





75 / 75 2.22 14.22 496,42275 / 100 2.33 14.22 237,566100 / 100 2.50 14.22 728



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities issued by corporations, with some exposure to foreign fixed-income securities.Top 10 investments Name Assets %AltaLink L.P., 3.99%, 6/30/2042 1.98Loblaw Cos. Ltd., 5.9%, 1/18/2036 1.88First Capital REIT, 3.9%, 10/30/2023 1.46Greater Toronto Airports Authority, 6.98%, 10/15/2032 1.32407 International Inc., 3.83%, 5/11/2046 1.29Enbridge Pipelines Inc., 5.33%, 4/6/2040 1.27CU Inc., 5.9%, 11/20/2034 1.25Suncor Energy Inc., 3.1%, 5/24/2029 1.17Hydro One Inc., 5.49%, 7/16/2040 1.14Enbridge Gas Distribution Inc., 3.51%, 11/29/2047 1.06Total 13.83Total investments: 233




How has the fund performed?This section tells you how the fund has performed over the past 7 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on July 8, 2013 would have $1,205.28 on December 31, 2020. This works out to an average of 2.53% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 7 years. In the past 7 years, the fund was up in value 6 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 4.78 0.37 1.68 1.29 -1.40 5.82 6.43





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Corporate Bond (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

76


Canadian Corporate BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





77


Floating Rate IncomeFloating Rate Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: January 12, 2015





75 / 75 2.26 13.20 121,23975 / 100 2.37 13.20 224,187100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in floating rate bonds of issuers located anywhere in the world currently through the Canada Life Floating Rate Income Fund.Top 10 investments (of the underlying fund) Name Assets %Citadel Securities LP, 2/27/2026 2.02First Eagle Holdings, Inc., 2/1/2027 1.91Meredith Corp., 1/31/2025 1.80VeriFone Systems Inc., 8/20/2025 1.70LifeScan Global Corp., 10/1/2024 1.67Casablanca US Holdings Inc, 3/31/2024 1.56Innovative Water Care Global Corp., 2/28/2026 1.34Heritage Power, LLC, 7/30/2026 1.33Ascend Performance Materials Operations LLC, 8/27/2026 1.23

Polymer Process Holdings, Inc., 5/1/2026 1.21Total 15.77Total investments: 246


Name Assets %Fixed income 95.84Cash and equivalents 4.72Canadian equity 0.71Foreign equity 0.39Other -1.67


How has the fund performed?This section tells you how the fund has performed over the past 5 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on January 12, 2015 would have $1,154.26 on December 31, 2020. This works out to an average of 2.43% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 5 years. In the past 5 years, the fund was up in value 4 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- 9.42 5.53 1.34 3.70 -2.17





Who is this fund for?A person who is investing for the short to medium term, seeking interest income and who wants exposure to foreign bonds in their portfolio and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Floating Rate Income (Mackenzie). Effective April 16, 2021 the name of the underlying fund was renamed to Canada Life Floating Rate Income Fund from Mackenzie Floating Rate Income Fund.

78


Floating Rate IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





79


North American High Yield Fixed IncomeNorth American High Yield Fixed Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013





75 / 75 2.33 15.14 110,70575 / 100 2.61 15.14 170,247100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in higher-yielding fixed- income securities issued by North American corporations currently through the Mackenzie North American Corporate Bond Fund.Top 10 investments (of the underlying fund) Name Assets %Sprint Corp., 7.88%, 9/15/2023 1.27Enbridge Inc. (FRN), 0.05%, 9/27/2077 1.22Inter Pipeline Ltd. (FRN), 0.07%, 3/26/2079 1.13Videotron Ltee, 5.13%, 7/15/2027 1.08Keyera Corp. (FRN), 6.88%, 6/13/2079 1.08Mackenzie Emerging Markets Local Currency Bond Index ETF 1.04

CCO Holdings LLC, 5.38%, 6/1/2029 1.03EG Global Finance PLC, 6.75%, 2/7/2025 0.88HCA Inc., 3.5%, 9/1/2030 0.81Uber Technologies, Inc., 8%, 11/1/2026 0.80Total 10.35Total investments: 1350


Name Assets %Fixed income 89.81Cash and equivalents 7.05Foreign equity 1.39Canadian equity 1.06Other 0.68



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 0.88 -6.59 12.48 4.16 -6.04 11.02 4.87





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income in their portfolio and is comfortable with low to moderate risk. Since the fund invests in bonds, its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named North American High Yield Bond (Mackenzie). Effective September 2019 the manager changed from Putnam Investments Canada ULC to Mackenzie Investments. The performance prior to that date was achieved under the previous investment manager.

80


North American High Yield Fixed IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





81


Global BondGlobal Bond — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 8, 1994Managed by: Brandywine Global Investment Management




75 / 75 2.45 17.29 80,58975 / 100 2.55 17.29 109,905100 / 100 2.60 17.29 940



Minimum investment


What does the fund invest in?This segregated fund invests primarily in fixed-income securities issued by governments and corporations currently through the Legg Mason Brandywine Global Fixed Income Fund.Top 10 investments (of the underlying fund) Name Assets %United States Treasury Note (FRN), 0.2%, 4/30/2022 9.33Corporacion Andina de Fomento, 2.13%, 9/27/2021 6.41International Bank for Reconstruction and Development, 0.25%, 11/24/2023 5.96

European Investment Bank, 0.25%, 9/15/2023 5.95KfW, 0.25%, 10/19/2023 5.53Mexico, 8%, 11/7/2047 5.35Asian Development Bank, 1.63%, 1/21/2023 3.12Asian Development Bank, 0.25%, 7/14/2023 2.82Australia, 5.75%, 7/15/2022 2.33Brazil, 10%, 1/1/2023 2.32Total 49.12Total investments: 66





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 7.39 6.85 1.03 11.12 8.08 -2.53 2.37 2.77 -0.06 6.27





Who is this fund for?A person who is investing for the medium to longer term and seeking potential for interest income and wants exposure to foreign fixed-income securities in their portfolio and is comfortable with low to moderate risk. Since the fund invests in bonds its value is affected by changes in interest rates.NotesPrior to November 19, 2021, this fund was named Global Bond (Brandywine).

82


Global BondHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





83


Unconstrained Fixed IncomeUnconstrained Fixed Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: October 19, 2015

Date fund created: October 19, 2015Managed by: Mackenzie Investments




75 / 75 2.30 13.54 276,17375 / 100 2.41 13.54 384,837100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund aims to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixed-income securities of issuers anywhere in the world through the Mackenzie Unconstrained Fixed Income Fund.Top 10 investments (of the underlying fund) Name Assets %Ministry of Finance People's Republic of China, 3.13%, 11/21/2029 4.43

United States Treasury Note, 1.75%, 6/30/2024 4.37Japan, 1.3%, 3/20/2021 2.81Ministry of Finance People's Republic of China, 1.99%, 4/9/2025 2.52

Mackenzie Emerging Markets Local Currency Bond Index ETF 2.21

Mackenzie Credit Absolute Return Fund 1.48United States Treasury Note, 2%, 2/15/2050 1.18Australia, 1%, 12/21/2030 1.08Enbridge Inc. (FRN), 0.05%, 9/27/2077 1.05Gov. of Canada, 0%, 11/1/2022 0.97Total 22.10Total investments: 1903


Name Assets %Fixed income 82.91Cash and equivalents 11.66Foreign equity 2.48Mutual funds 1.48Canadian equity 0.90Other 0.57


How has the fund performed?This section tells you how the fund has performed over the past 5 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on October 19, 2015 would have $1,202.39 on December 31, 2020. This works out to an average of 3.61% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 5 years. In the past 5 years, the fund was up in value 4 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- 12.66 2.99 -0.50 4.20 4.05





Who is this fund for?A person who is investing for the medium to longer term, seeking an investment to diversify a traditional portfolio of fixed income and equity investments and is comfortable with low to moderate risk. Since the fund invests in bonds anywhere in the world its value is affected by changes in interest rates and foreign exchange rates between currencies.NotesPrior to November 19, 2021, this fund was named Unconstrained Fixed Income (Mackenzie).

84


Unconstrained Fixed IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





85


Monthly IncomeMonthly Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: January 12, 2015





75 / 75 2.57 14.27 35775 / 100 2.68 14.28 14,779100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities but includes Canadian and foreign equities. It targets an asset mix of 40 to 70 per cent fixed income and 30 to 60 per cent equities.Top 10 investments Name Assets %Canadian Corporate Bond 31.04Canadian Core Dividend 27.93Canadian Core Bond 19.03Global Dividend 6.97U.S. Dividend 5.03Money Market 5.00Global Infrastructure 5.00Total 100.00Total investments: 7


Name Assets %Fixed income 48.09Canadian equity 27.72Foreign equity 16.29Cash and equivalents 7.43Other 0.47








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to multi-managers in one fund with a target of no more than 30 to 60 per cent invested in equities and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Monthly Income (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

86


Monthly IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





87


Canadian IncomeCanadian Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.18 15.87 508,56375 / 100 2.23 15.87 332,396100 / 100 2.29 15.87 1,290



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities with exposure to Canadian and foreign stocks.Top 10 investments Name Assets %Canada Housing Trust No.1, 0.02%, 6/15/2023 2.17Royal Bank of Canada Com 2.10Toronto-Dominion Bank Com New 2.04Bank of Nova Scotia 1.96Bank of Montreal 1.78Province of British Columbia, 4.3%, 6/18/2042 1.73BCE Inc. Com New 1.66Province of Quebec, 2.75%, 9/1/2028 1.64Canadian Imperial Bank of Commerce Com 1.49Province of Ontario, 2.6%, 6/2/2027 1.32Total 17.89Total investments: 163


Name Assets %Fixed income 67.83Canadian equity 24.39Cash and equivalents 6.44Other 1.34



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 5.68 2.88 2.60 7.94 -1.40 6.35 2.94 -3.78 7.35 3.22





Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to Canadian bonds and Canadian and foreign stocks and is comfortable with low 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.NotesPrior to November 19, 2021, this fund was named Income (Portico). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

88


Canadian IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





89


IncomeIncome — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.25 18.06 196,11475 / 100 2.30 18.06 420,127100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in fixed income securities and stocks anywhere in the world.Top 10 investments Name Assets %United States Treasury Note, 0.63%, 8/15/2030 4.22Gov. of Canada, 1.25%, 6/1/2030 3.23Province of Ontario, 2.05%, 6/2/2030 2.99Province of Quebec, 3.5%, 12/1/2048 2.12Province of British Columbia, 2.20%, 6/18/2030 1.78Province of Quebec, 0.02%, 9/1/2030 1.65Province of Quebec, 3.1%, 12/1/2051 1.52Toronto-Dominion Bank Com New 1.30Province of Ontario, 0.02%, 12/2/2051 1.30Royal Bank of Canada Com 1.16Total 21.28Total investments: 536


Name Assets %Fixed income 66.17Canadian equity 15.29Foreign equity 14.92Other 2.20Cash and equivalents 1.43








Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Income (Mackenzie). Effective October 2020 the investment objective of the Income (Mackenzie) segregated fund changed from investing primarily in Canadian fixed income securities and stocks with exposure to foreign stocks to investing primarily in fixed income securities and stocks anywhere in the world. The performance prior to October 2020 was achieved under the previous investment objective.

90


IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.05



Fee What you pay





91


Canadian Diversified BalancedCanadian Diversified Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: March 31, 1988Managed by: Mackenzie Investments




75 / 75 2.53 20.53 107,33375 / 100 2.69 20.53 89,187100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests in Canadian fixed-income securities and Canadian and foreign equities through various Canada Life segregated funds.Top 10 investments Name Assets %Canadian Bond 27.07Canadian Growth 19.96Mortgage 13.98Real Estate 10.01U.S. Growth 6.01International Equity 5.00Money Market 4.99Canadian Small-Mid Cap 4.02Emerging Markets (Putnam) 3.02Equity Index 2.98Total 97.04Total investments: 11


Name Assets %Fixed income 28.67Other 19.82Foreign equity 18.81Canadian equity 14.81Real Estate 10.01Cash and equivalents 7.89








Who is this fund for?A person who is investing for the medium to longer term, wants exposure to fixed income and equities in a single fund and is comfortable with low to moderate risk.NotesPrior to November 19, 2021, this fund was named Diversified (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

92


Canadian Diversified BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





93


Canadian Growth BalancedCanadian Growth Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: March 31, 1988Managed by: Mackenzie Investments




75 / 75 2.52 21.53 88,74075 / 100 2.68 21.53 39,328100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities and stocks with exposure to foreign stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 3.25Toronto-Dominion Bank Com New 3.13Canadian National Railway Company Com 1.63Canadian Pacific Railway Ltd. Com 1.45Boyd Group Services Inc. Com 1.44Bank of Montreal 1.41Brookfield Asset Management Inc. Voting Shs Cl A 1.32Boralex Inc. Cl A New 1.17Constellation Software Inc. Com 1.14CGI Inc. Cl A Sub Vtg 1.12Total 17.05Total investments: 474


Name Assets %Canadian equity 37.32Fixed income 34.17Foreign equity 24.38Cash and equivalents 4.15Other -0.02








Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Equity/Bond (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

94


Canadian Growth BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





95


Canadian Stock BalancedCanadian Stock Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.59 19.98 45,73475 / 100 2.63 19.98 61,599100 / 100 2.80 19.97 105



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities and stocks with exposure to foreign stocks.Top 10 investments Name Assets %Brookfield Asset Management Inc. Voting Shs Cl A 4.07Dollarama Inc. Com 3.02Johnson & Johnson Com 2.49Bank of Nova Scotia 2.40CCL Industries Inc. Cl B 2.35Toronto-Dominion Bank Com New 2.35Royal Bank of Canada Com 2.35Fortis Inc. Com 2.11Intact Financial Corporation Com 2.10Emera Inc. Com 2.09Total 25.34Total investments: 375


Name Assets %Canadian equity 48.18Foreign equity 27.94Fixed income 22.21Mutual funds 0.99Other 0.39Cash and equivalents 0.29



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 1.59 4.84 14.72 10.87 -0.53 14.45 2.67 -6.74 13.19 -1.47





Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Growth & Income (Mackenzie).

96


Canadian Stock BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





97


Strategic IncomeStrategic Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: December 12, 2000Managed by: Mackenzie Investments




75 / 75 2.67 18.84 9,99375 / 100 2.88 18.84 153,404100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in fixed-income and/or income-oriented equity securities anywhere in the world.Top 10 investments Name Assets %Province of Ontario, 2.05%, 6/2/2030 3.31Royal Bank of Canada Com 1.75Canadian National Railway Company Com 1.63Shopify Inc. Cl A 1.54Apple Inc 1.52Microsoft Corp. Com 1.44Province of British Columbia, 2.20%, 6/18/2030 1.29Toronto-Dominion Bank Com New 1.23Canadian Pacific Railway Ltd. Com 1.17Manulife Financial Corporation Com 1.15Total 16.03Total investments: 402


Name Assets %Fixed income 35.05Canadian equity 32.87Foreign equity 28.70Cash and equivalents 2.72Other 0.66








Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Strategic Income (Mackenzie).

98


Strategic IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





99


Canadian Premier BalancedCanadian Premier Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: Invesco Canada Ltd.




75 / 75 2.82 21.91 80,02775 / 100 2.97 21.91 36,811100 / 100 3.14 21.91 1,084



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities and stocks with exposure to foreign stocks.Top 10 investments Name Assets %Brookfield Asset Management Inc. Voting Shs Cl A 6.03Royal Bank of Canada Com 5.87Bank of Nova Scotia 5.10Toronto-Dominion Bank Com New 3.50Berkshire Hathaway Inc. Class B 2.98Manulife Financial Corporation Com 2.97UnitedHealth Group Inc. Com 2.17Open Text Corp. Com 2.17Deere & Co. Com 1.98Oracle Corp. Com 1.98Total 34.75Total investments: 160










Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Balanced (Invesco).

100


Canadian Premier BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





101


Canadian Value BalancedCanadian Value Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: Beutel, Goodman & Company Ltd.




75 / 75 2.69 22.86 714,72175 / 100 2.91 22.86 501,356100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian fixed-income securities and stocks with exposure to foreign stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 3.94Royal Bank of Canada Com 3.66Rogers Communications Inc. Cl B Non Vtg 2.71Brookfield Asset Management Inc. Voting Shs Cl A 1.91Magna International Inc. Com 1.89Gov. of Canada Treasury Bill, 3/4/2021 1.85Province of Ontario, 0.01%, 9/8/2027 1.78Sun Life Financial Inc. Com 1.73Nutrien Ltd. Com 1.69Ameriprise Financial Inc. Com 1.58Total 22.74Total investments: 193










Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to bonds and 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.NotesPrior to November 19, 2021, this fund was named Balanced (Beutel Goodman).

102


Canadian Value BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





103


Sustainable Conservative PortfolioSustainable Conservative Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: JPMorgan Asset Management (Canada) Inc.




75 / 75 2.79 20.43 47,35475 / 100 2.85 20.43 29,673100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in global fixed income securities and stocks anywhere in the world currently through the Canada Life Sustainable Conservative Portfolio mutual fund. The Fund follows a responsible approach to investing.Top 10 investments Name Assets %Province of Ontario, 2.9%, 12/2/2046 2.29Gov. of Canada, 2%, 6/1/2028 2.28Gov. of Canada, 2.00%, 2051/12/1 2.07Canada Housing Trust No.1, 1.9%, 9/15/2026 1.89Province of British Columbia, 2.8%, 6/18/2048 1.89SSL Finance Inc., 4.1%, 10/31/2045 1.50HSBC Holdings PLC, 6.88% 1.49407 International Inc., 3.6%, 5/21/2047 1.48Province of Nova Scotia, 2.1%, 6/1/2027 1.47Province of Quebec, 3.5%, 12/1/2045 1.42Total 17.77Total investments: 606


Name Assets %Fixed income 55.62Foreign equity 25.52Canadian equity 13.49Cash and equivalents 5.37Other -0.01








Who is this fund for?A person who desires to invest in a portfolio that follows a responsible approach to investing, seeking income and long-term capital, over the medium to longer term, with exposure to global bonds and stocks and is comfortable with low 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.NotesEffective November 2021 the name of the segregated fund changed to Sustainable Conservative Portfolio from Sentry Global Income (CI). The segregated fund no longer invests directly in securities but invests in an underlying mutual fund. In November 2016 Sentry Investments Inc. had assumed portfolio management responsibilities and the investment objective changed from investing primarily in Canadian bonds and stocks to investing in bonds and stocks anywhere in the world. The performance prior to the above dates were achieved under previous managers and/or investment objective. The Top 10 investments are from the previous Sentry Global Income (CI) fund as of December 31, 2020.

104


Sustainable Conservative PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





105


Global Monthly IncomeGlobal Monthly Income — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: November 14, 2016





75 / 75 2.60 13.10 26,03175 / 100 2.82 13.10 8,513100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in fixed-income securities and income-oriented stocks from around the world.Top 10 investments Name Assets %Global Bond 21.04Global Dividend 21.01Canadian Core Dividend 12.90U.S. Dividend 12.05Canadian Corporate Bond 11.04Global Infrastructure 8.92Canadian Core Bond 8.03Money Market 5.01Total 100.00Total investments: 8


Name Assets %Foreign equity 40.58Fixed income 33.88Canadian equity 13.44Cash and equivalents 11.86Other 0.24


How has the fund performed?This section tells you how the fund has performed over the past 4 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on November 14, 2016 would have $1,175.09 on December 31, 2020. This works out to an average of 3.99% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 4 years. In the past 4 years, the fund was up in value 3 years and down in value 1 year.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- -- 6.33 -1.82 9.20 1.07





Who is this fund for?A person who is investing for the medium to longer term, seeking exposure to Canadian and foreign bonds and Canadian and foreign income- oriented 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.NotesPrior to November 19, 2021, this fund was named Global Monthly Income (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

106


Global Monthly IncomeHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





107


Global BalancedGlobal Balanced — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.73 24.98 46,21675 / 100 2.95 24.98 107,866100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in foreign fixed-income securities and foreign stocks currently through the Canada Life Global Balanced Fund.Top 10 investments (of the underlying fund) Name Assets %Admiral Group plc Shs 3.07Comcast Corp. Cl A 2.88Oracle Corp. Com 2.79Grainger (W.W.) Inc. Com 2.75Reckitt Benckiser Group PLC Shs 2.42Koninklijke Philips N.V. Philips Kon 2.39Procter & Gamble Co. Com 2.34Seven & i Holdings Co. Ltd. Shs 2.08United States Treasury Note, 0.5%, 10/31/2027 1.96Henkel AG & Co. KGaA Henkel Ag+co Kgaa Vzo 1.92Total 24.59Total investments: 2451


Name Assets %Foreign equity 70.41Fixed income 21.29Cash and equivalents 3.35Canadian equity 3.16Other 1.79








Who is this fund for?A person who is investing for the medium to longer term and seeking exposure to foreign bonds and 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.NotesPrior to November 19, 2021, this fund was named Ivy Global Balanced (Mackenzie). Effective April 16, 2021 the name of the underlying fund was renamed to Canada Life Global Balanced Fund from Mackenzie Ivy Global Balanced Fund. No other changes were made to the segregated fund.

108


Global BalancedHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.11



Fee What you pay





109


Canadian Equity PortfolioCanadian Equity Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.77 22.50 22,63775 / 100 3.14 22.50 1,204100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in Canadian equities. It targets an asset mix of 100 per cent equities.Top 10 investments Name Assets %Canadian Focused Dividend 19.99Canadian Growth 15.00Canadian Focused Value 15.00Canadian Value (CI) 12.02Canadian Equity (Mackenzie) 9.99Canadian Value (FGP) 9.99Canadian Stock 9.97Canadian Small-Mid Cap 8.04Total 100.00Total investments: 8


Name Assets %Canadian equity 84.86Foreign equity 13.38Cash and equivalents 1.58Other 0.18








Who is this fund for?A person who is investing for the longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in equities and is comfortable with moderate risk.NotesPrior to November 19, 2021, this fund was named Canadian Equity Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

110


Canadian Equity PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





111


Canadian GrowthCanadian Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.64 22.07 345,15275 / 100 2.81 22.07 88,078100 / 100 3.16 22.07 1,053



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 7.74Toronto-Dominion Bank Com New 7.00Canadian National Railway Company Com 4.20Canadian Pacific Railway Ltd. Com 3.69Bank of Montreal 3.67Boyd Group Services Inc. Com 3.47Brookfield Asset Management Inc. Voting Shs Cl A 3.21Constellation Software Inc. Com 2.93CGI Inc. Cl A Sub Vtg 2.88Boralex Inc. Cl A New 2.87Total 41.66Total investments: 64










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named Canadian Equity (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

112


Canadian GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





113


Canadian SRI EquityCanadian SRI Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 -- -- --75 / 100 2.87 21.91 4,272100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks that conduct their business in a socially responsible manner with exposure to foreign stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 8.22Royal Bank of Canada Com 8.09Bank of Montreal 4.25Canadian National Railway Company Com 4.20Canadian Pacific Railway Ltd. Com 3.73Boyd Group Services Inc. Com 3.47Brookfield Asset Management Inc. Voting Shs Cl A 3.35Constellation Software Inc. Com 2.94Boralex Inc. Cl A New 2.93CGI Inc. Cl A Sub Vtg 2.87Total 44.06Total investments: 62


Name Assets %Canadian equity 91.08Foreign equity 8.29Cash and equivalents 0.63








Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named SRI Canadian Equity (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

114


Canadian SRI EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





115


Canadian Focused GrowthCanadian Focused Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.86 24.33 28,08875 / 100 2.97 24.33 47,293100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 5.01TMX Group Limited Com 4.85Canadian Pacific Railway Ltd. Com 4.76Premium Brands Holdings Corporation Com 4.53Aon Global Ltd. Shs Cl A 4.22BRP Inc. Com Sub Vtg 4.14Keysight Technologies Inc. Com 4.01Accenture PLC Shs Class A 4.01Stryker Corp. Common 3.75Procter & Gamble Co. Com 3.53Total 42.80Total investments: 31










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named Canadian Growth (Mackenzie).

116


Canadian Focused GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





117


Canadian StockCanadian Stock — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: Bissett Investment Management




75 / 75 2.82 21.85 161,98775 / 100 3.13 21.85 51,207100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 5.31Brookfield Asset Management Inc. Voting Shs Cl A 5.21Toronto-Dominion Bank Com New 4.92Canadian Pacific Railway Ltd. Com 4.46Canadian National Railway Company Com 4.17Alimentation Couche-Tard Inc. Sub Vtg Sh 3.92Loblaw Cos. Ltd. Com 3.59Bank of Nova Scotia 3.58Open Text Corp. Com 3.58Metro Inc. Com 3.52Total 42.26Total investments: 40


Name Assets %Canadian equity 93.96Other 3.18Foreign equity 2.47Cash and equivalents 0.38



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -7.22 14.32 20.61 8.98 -9.31 21.10 3.85 -11.88 18.32 -3.28





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named Canadian Equity (Bissett).

118


Canadian StockHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





119


Equity IndexEquity Index — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.43 19.76 42,55475 / 100 2.58 19.75 3,769100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks.Top 10 investments Name Assets %Shopify Inc. Cl A 6.38Royal Bank of Canada Com 6.00Toronto-Dominion Bank Com New 5.26Canadian National Railway Company Com 4.01Enbridge Inc. Com 3.32Bank of Nova Scotia 3.29Brookfield Asset Management Inc. Voting Shs Cl A 2.97Bank of Montreal 2.47Canadian Pacific Railway Ltd. Com 2.39Barrick Gold Corporation 2.03Total 38.13Total investments: 241


Name Assets %Canadian equity 96.20Foreign equity 3.35Cash and equivalents 0.45








Who is this fund for?A person who is investing for the longer term, seeking the growth potential of 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.NotesPrior to November 19, 2021, this fund was named Equity Index (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

120


Equity IndexHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





121


Canadian Focused StockCanadian Focused Stock — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.88 20.80 50,22875 / 100 2.98 20.80 72,554100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Brookfield Asset Management Inc. Voting Shs Cl A 5.48Dollarama Inc. Com 3.97Bank of Nova Scotia 3.24Johnson & Johnson Com 3.23Royal Bank of Canada Com 3.17Toronto-Dominion Bank Com New 3.16CCL Industries Inc. Cl B 3.07Manulife Financial Corporation Com 2.79Onex Corp. Sub Vtg 2.77Intact Financial Corporation Com 2.75Total 33.63Total investments: 49


Name Assets %Canadian equity 62.70Foreign equity 35.68Mutual funds 0.95Cash and equivalents 0.67Other 0.01



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 2.23 5.70 19.47 11.01 0.34 14.32 3.17 -8.63 13.87 -4.37





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with low to 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.NotesPrior to November 19, 2021, this fund was named Equity (Mackenzie).

122


Canadian Focused StockHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





123


Canadian Focused ValueCanadian Focused Value — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: Beutel, Goodman & Company Ltd.




75 / 75 2.78 26.03 746,03275 / 100 3.00 26.03 263,878100 / 100 3.37 26.03 4,642



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 7.11Royal Bank of Canada Com 6.60Rogers Communications Inc. Cl B Non Vtg 4.89Brookfield Asset Management Inc. Voting Shs Cl A 3.45Magna International Inc. Com 3.41Sun Life Financial Inc. Com 3.12Nutrien Ltd. Com 3.05CAE Inc. Com 2.57Metro Inc. Com 2.45Bank of Montreal 2.41Total 39.07Total investments: 61


Name Assets %Canadian equity 71.63Foreign equity 25.70Cash and equivalents 2.71Other -0.04








Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named Canadian Equity (Beutel Goodman).

124


Canadian Focused ValueHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





125


Canadian ValueCanadian Value — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: Foyston Gordon and Payne




75 / 75 2.86 14.25 26,47275 / 100 3.08 14.25 38,771100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 7.59Bank of Nova Scotia 6.51Royal Bank of Canada Com 6.00Rogers Communications Inc. Cl B Non Vtg 4.80Manulife Financial Corporation Com 4.72Teck Resources Ltd. Cl B Sub Vtg 4.39Canfor Corporation Com 4.12Nutrien Ltd. Com 4.01iA Financial Corp. Inc. 3.78Canadian Tire Corporation, Limited Cl A 3.63Total 49.56Total investments: 34


Name Assets %Canadian equity 98.16Cash and equivalents 1.85Other -0.01


How has the fund performed?This section tells you how the fund has performed over the past 10 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on December 31, 2010 would have $973.15 on December 31, 2020. This works out to an average of -0.27% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 10 years. In the past 10 years, the fund was up in value 5 years and down in value 5 years.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -12.46 8.35 20.98 -3.38 -18.84 15.38 7.83 -14.32 7.53 -5.64





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign 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.NotesPrior to November 19, 2021, this fund was named Canadian Value (FGP). Effective November 2016 Foyston, Gordon & Payne Inc. (FGP) assumed portfolio management responsibilities for the Canadian Value Fund (Invesco). The name of the fund changed to Canadian Value Fund (FGP) from Canadian Value Fund (Invesco). The performance before that date was achieved under the previous investment manager. No other changes were made to the segregated fund.

126


Canadian ValueHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





127


Canadian Core DividendCanadian Core Dividend — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: October 19, 2015





75 / 75 2.54 13.62 356,74275 / 100 2.65 13.62 73,978100 / 100 2.97 13.62 9,999



Minimum investment


What does the fund invest in?This segregated fund invests primarily in dividend yielding Canadian stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 8.49Royal Bank of Canada Com 8.45Bank of Nova Scotia 8.04Bank of Montreal 7.31BCE Inc. Com New 6.81Canadian Imperial Bank of Commerce Com 6.24Telus Corp. Com 5.12Sun Life Financial Inc. Com 3.76Enbridge Inc. Com 3.36George Weston Ltd. Com 2.91Total 60.49Total investments: 35


Name Assets %Canadian equity 97.61Cash and equivalents 1.66Other 0.74


How has the fund performed?This section tells you how the fund has performed over the past 5 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on October 19, 2015 would have $1,191.45 on December 31, 2020. This works out to an average of 3.42% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 5 years. In the past 5 years, the fund was up in value 3 years and down in value 2 years.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- 20.08 7.65 -10.78 13.29 -5.32





Who is this fund for?A person who is investing for the longer term, seeking dividend income along with the growth potential of 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.NotesPrior to November 19, 2021, this fund was named Canadian Dividend (Laketon). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

128


Canadian Core DividendHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





129


Canadian Focused DividendCanadian Focused Dividend — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.61 20.70 1,609,99475 / 100 2.72 20.70 503,625100 / 100 3.09 20.70 7,206



Minimum investment


What does the fund invest in?This segregated fund invests primarily in dividend yielding Canadian stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 7.01Toronto-Dominion Bank Com New 6.41Bank of Nova Scotia 4.08Brookfield Asset Management Inc. Voting Shs Cl A 3.48Enbridge Inc. Com 3.33Manulife Financial Corporation Com 3.15Canadian National Railway Company Com 2.77Bank of Montreal 2.45Canadian Pacific Railway Ltd. Com 2.32Telus Corp. Com 2.23Total 37.23Total investments: 100










Who is this fund for?A person who is investing for the longer term, seeking dividend income along with the growth potential of 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.NotesPrior to November 19, 2021, this fund was named Dividend (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

130


Canadian Focused DividendHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





131


Canadian DividendCanadian Dividend — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.71 21.05 97,64675 / 100 2.87 21.05 46,121100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in dividend yielding Canadian stocks.Top 10 investments Name Assets %Toronto-Dominion Bank Com New 7.40Bank of Nova Scotia 5.70Royal Bank of Canada Com 5.69Manulife Financial Corporation Com 5.30Enbridge Inc. Com 3.38Shaw Communications Inc. Cl B Conv 3.13Telus Corp. Com 2.77Brookfield Asset Management Inc. Voting Shs Cl A 2.60Open Text Corp. Com 2.41Emera Inc. Com 2.31Total 40.68Total investments: 110


Name Assets %Canadian equity 76.55Foreign equity 23.08Cash and equivalents 0.49Other -0.12








Who is this fund for?A person who is investing for the longer term, seeking dividend income along with the growth potential of 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.NotesPrior to November 19, 2021, this fund was named Dividend (Mackenzie).

132


Canadian DividendHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





133


Canadian Small-Mid CapCanadian Small- Mid Cap — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.74 26.76 250,88075 / 100 2.96 26.76 119,423100 / 100 3.37 26.76 1,282



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian companies that are in the middle capitalization range of the equity market with exposure to foreign stocks.Top 10 investments Name Assets %Kinaxis Inc. Com 6.67Boralex Inc. Cl A New 5.26Boyd Group Services Inc. Com 4.98Northland Power Inc. Com 3.84Morneau Shepell Inc. Com 3.44People Corporation Com 3.39Tecsys Inc. Com 3.03Killam Apartment REIT Tr Unit 2.94Intertape Polymer Group Inc. Com 2.84Lightspeed POS Inc. Sub Vtg Shs 2.75Total 39.14Total investments: 53


Name Assets %Canadian equity 93.42Foreign equity 5.73Other 0.43Cash and equivalents 0.40



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -9.06 -0.90 27.47 -1.11 6.71 13.13 1.49 -12.54 23.90 21.50


How risky is it?The risk rating for this fund is Moderate to high.



Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks of smaller companies, which includes moderate exposure to foreign stocks and is comfortable with moderate to high 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.NotesPrior to November 19, 2021, this fund was named Mid Cap Canada (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

134


Canadian Small-Mid CapHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





135


Canadian Small Cap GrowthCanadian Small Cap Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: January 23, 1996Managed by: AGF Investments Inc.




75 / 75 2.97 15.87 33,44075 / 100 3.35 15.87 14,531100 / 100 3.68 15.87 4,044



Minimum investment


What does the fund invest in?This segregated fund invests primarily in Canadian stocks with exposure to foreign stocks.Top 10 investments Name Assets %Royal Bank of Canada Com 5.88Canadian Pacific Railway Ltd. Com 4.99Canadian National Railway Company Com 4.88Shopify Inc. Cl A 4.36Sun Life Financial Inc. Com 4.03Restaurant Brands International Inc. Com 3.04Bank of Montreal 3.02Brookfield Asset Management Inc. Voting Shs Cl A 2.87Waste Connections Inc. Com 2.70Kirkland Lake Gold Ltd. 2.46Total 38.24Total investments: 63





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -20.16 -2.45 10.22 -3.09 0.28 16.83 2.35 -17.43 16.10 -2.79





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks, which includes moderate exposure to foreign stocks and is comfortable with moderate to high 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.NotesPrior to November 19, 2021, this fund was named Growth Equity (AGF).

136


Canadian Small Cap GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





137


Real EstateReal Estate — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: April 30, 1989Managed by: GWL Realty Advisors Inc.

Total fund value: $5,196,314,164Portfolio turnover rate: 1.31%



75 / 75 3.06 18.57 4,552,73475 / 100 3.16 18.57 1,582,463100 / 100 3.60 18.57 43,020



Minimum investment


What does the fund invest in?This segregated fund invests primarily, directly or indirectly, in a portfolio of income producing Canadian real estate properties.Top 10 investments Name Assets %Grenadier Square Redevelopment, Toronto, ON 3.74High Park Village, Toronto, ON 3.7333 Yonge Street, Toronto, ON 3.365140 Yonge Street, Toronto, ON 3.22Grenadier Square Redevelopment, Toronto, ON 3.075150 - 5160 Yonge Street, Toronto, ON 2.95Laird Business Park, Mississauga, ON 2.921 Adelaide Street, Toronto, ON 2.87200 Kent Street, Ottawa, ON 2.80The Lillian Redpath Towers, Toronto, ON 2.68Total 31.34Total investments: 123


Name Assets %Canadian equity 84.00Fixed income 8.83Cash and equivalents 7.17



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 13.31 16.26 7.62 4.28 1.61 2.35 3.21 3.91 5.94 -0.45





Who is this fund for?A person who is investing for the longer term and seeking the potential for long-term growth by investing in a portfolio of Canadian real estate properties and are comfortable with low to moderate risk due to the ups and downs of the real estate market. Redemptions may be suspended during any period that the segregated fund does not have sufficient cash or readily marketable securities to meet requests for redemptions. This fund should be considered as a long-term investment and is not suitable for a person who may need to quickly convert their holdings to cash.NotesPrior to November 19, 2021, this fund was named Real Estate (GWLRA). Over the past five years, the fund has bought $766 million worth of real property and has sold $460 million worth.

138


Real EstateHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





139


Global Small-Mid Cap GrowthGlobal Small- Mid Cap Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.83 33.74 26,46375 / 100 3.03 33.74 35,993100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stock of North American small and mid-size companies.Top 10 investments Name Assets %Tenable Holdings, Inc. Com 4.89Dolby Laboratories, Inc. Cl A 4.57Syneos Health, Inc. Cl A 4.28Carter's, Inc. Com 4.00Maximus, Inc. Com 3.94Westinghouse Air Brake Technologies Corp. Com 3.90Frontdoor, Inc. Com 3.68ExlService Holdings, Inc. Com 3.29Kennedy-Wilson Holdings Inc. Com 3.22Commvault Systems, Inc. Com 3.16Total 38.93Total investments: 99


Name Assets %Foreign equity 69.80Canadian equity 25.56Cash and equivalents 4.72Other -0.07



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -3.19 16.66 32.35 13.75 -0.20 9.93 6.85 4.91 20.43 12.55





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of stocks and is comfortable with moderate to high 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.NotesPrior to November 19, 2021, this fund was named Smaller Company (Mackenzie).

140


Global Small-Mid Cap GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





141


Science and TechnologyScience and Technology — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.98 74.67 61,26475 / 100 3.11 74.67 35,837100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in the Canadian and U.S. science and technology companies.Top 10 investments Name Assets %Apple Inc 7.44Alphabet Inc. Cl A 7.43Microsoft Corp. Com 6.92Facebook, Inc. Cl A 5.39Constellation Software Inc. Com 4.07Amazon.com Inc. 3.96PayPal Holdings, Inc. Com 3.43Walt Disney Co. (The) Disney Com 3.42Shopify Inc. Cl A 2.86Visa Inc. Com Cl A 2.72Total 47.62Total investments: 50


Name Assets %Foreign equity 81.52Canadian equity 16.13Cash and equivalents 1.21Other 1.14



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -2.37 10.85 46.36 18.13 24.98 4.14 22.80 5.02 33.08 40.81





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of Canadian and U.S. companies operating in the science and technology sector and is comfortable with moderate to high risk due to investing solely in this one economic sector.NotesPrior to November 19, 2021, this fund was named Science and Technology (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

142


Science and TechnologyHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





143


Global Equity PortfolioGlobal Equity Portfolio — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 3.03 28.81 73,39675 / 100 3.36 28.81 49,724100 / 100 3.99 28.81 499



Minimum investment


What does the fund invest in?This segregated fund, through investments in other funds, invests primarily in foreign stocks. It targets an asset mix of 100 per cent stocks.Top 10 investments Name Assets %U.S. Value Stock 14.98Global Value (Mackenzie) 10.06U.S. Dividend 9.48Foreign Equity 9.31American Growth 9.02International Growth 8.06Global Small Cap (Mackenzie) 7.08International Equity (Setanta) 7.03Global Dividend 7.01U.S. Growth 6.96Total 88.99Total investments: 12


Name Assets %Foreign equity 95.78Cash and equivalents 2.42Canadian equity 1.52Other 0.30








Who is this fund for?A person who is investing for the longer term, wants exposure to multi-managers in one fund with a target of 100 per cent invested in foreign equities and is comfortable with moderate risk.NotesPrior to November 19, 2021, this fund was named Global Equity Portfolio (PSG). Effective January 2021 Canada Life Investment Management Ltd. assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

144


Global Equity PortfolioHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





145


Global Low VolatilityGlobal Low Volatility — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: Irish Life Investment Managers Limited




75 / 75 2.87 25.19 28,06175 / 100 3.02 25.19 20,025100 / 100 3.39 25.19 1,681



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stock of companies anywhere in the world with a focus on those companies and/or sectors that are believed to likely have lower sensitivity to broader market movements.Top 10 investments Name Assets %Apple Inc 2.35Microsoft Corp. Com 1.68Electronic Arts Inc. Com 1.42Cisco Systems Inc. Com 1.36Hong Kong Exchanges and Clearing Limited Shs 1.35Oracle Corp. Com 1.34Amazon.com Inc. 1.32Target Corp. 1.31Nippon Telegraph & Telephone Corp. Shs 1.28Visa Inc. Com Cl A 1.23Total 14.63Total investments: 3952





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -11.27 12.43 27.35 15.53 8.70 -0.04 6.20 -0.45 10.12 -1.50





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of global 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.NotesPrior to November 19, 2021, this fund was named Global Low Volatility (ILIM). Effective November 2016 Irish Life Investment Management Limited assumed portfolio management responsibilities for the North American Opportunity Fund (Mackenzie). The name of the fund changed to Global Low Volatility (ILIM) from North American Opportunity Fund (Mackenzie). The investment objective of the segregated fund changed from investing primarily in stocks of North American companies to investing primarily in stocks of companies anywhere in the world. The performance before that date was achieved under the previous manager and investment objective.

146


Global Low VolatilityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.11 n/a100 / 100 0.11 0.21



Fee What you pay





147


Foreign EquityForeign Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.93 26.89 1,141,49975 / 100 3.10 26.89 900,034100 / 100 3.62 26.89 7,916



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stocks worldwide currently through the Canada Life Foreign Equity Fund.Top 10 investments (of the underlying fund) Name Assets %Admiral Group plc Shs 3.67Comcast Corp. Cl A 3.45Oracle Corp. Com 3.37Grainger (W.W.) Inc. Com 3.32Reckitt Benckiser Group PLC Shs 2.92Koninklijke Philips N.V. Philips Kon 2.85Procter & Gamble Co. Com 2.83Seven & i Holdings Co. Ltd. Shs 2.46Henkel AG & Co. KGaA Henkel Ag+co Kgaa Vzo 2.32Amcor PLC Depositary Receipt Cdi 1 1 Foreign Exempt Nyse 2.28






Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return 2.89 7.52 30.54 7.87 15.44 -0.55 1.27 2.59 6.64 12.66





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named Ivy Foreign Equity (Mackenzie). Effective November 2019 the name of the segregated fund changed to Ivy Foreign Equity (Mackenzie) from Foreign Equity (Mackenzie). Effective May 07, 2021 the name of the underlying fund was renamed to Canada Life Foreign Equity Fund from Mackenzie Ivy Foreign Equity Fund. No other changes were made to the segregated fund.

148


Foreign EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





149


Global All Cap EquityGlobal All Cap Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: June 12, 2006Managed by: Setanta Asset Management Limited




75 / 75 2.85 30.27 514,74475 / 100 3.02 30.27 163,985100 / 100 3.29 30.27 1,752



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stocks anywhere in the world.Top 10 investments Name Assets %Microsoft Corp. Com 4.14Berkshire Hathaway Inc. Class B 2.66Samsung Electronics Co. Ltd. Samsungelectronics 2.65McDonald's Corp. Com 2.60Ericsson (Telefonaktiebolaget L.M.) Shs -B - 2.32Alphabet Inc. Cl A 2.30NIKE Inc. Cl B 2.30Oracle Corp. Com 2.29Johnson & Johnson Com 2.25Booking Holdings Inc. Com 2.21Total 25.73Total investments: 87










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named Global Equity (Setanta).

150


Global All Cap EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





151


Global DividendGlobal Dividend — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: January 12, 2015

Date fund created: January 12, 2015Managed by: Setanta Asset Management Limited




75 / 75 2.83 16.42 255,89275 / 100 2.99 16.42 125,201100 / 100 3.27 16.42 8,292



Minimum investment


What does the fund invest in?This segregated fund invests primarily in dividend yielding stocks anywhere in the world.Top 10 investments Name Assets %Coca-Cola Amatil Ltd. Shs 4.37Sampo PLC Shs -A - 3.77Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR Sponsored Adr 3.73

Samsung Electronics Co. Ltd. Pfd Shs Non -Voting 3.63Cisco Systems Inc. Com 3.53Lancashire Holdings Ltd. Shs 3.26Procter & Gamble Co. Com 3.09GlaxoSmithKline PLC 3.05Smiths Group PLC Shs 3.03Novartis AG Namen -Akt 3.02Total 34.48Total investments: 41


Name Assets %Foreign equity 99.03Cash and equivalents 0.84Other 0.13


How has the fund performed?This section tells you how the fund has performed over the past 5 years. This option does not deduct a MER but you pay fees that you agree to in your fee agreement directly. See the Ongoing expenses section below for details.The performance below is of the fund’s 75/75 guarantee Standard series FEL option after the MER has been deducted. The returns for the preferred series 2 FEL option will, in most instances, exceed the performance shown below due to lower fees.It’s important to note that this doesn’t tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee policy you choose and your personal tax situation.Average returnA person who invested $1,000 in the fund’s 75/75 guarantee Standard series FEL option on January 12, 2015 would have $1,386.14 on December 31, 2020. This works out to an average of 5.62% a year.Year-by-year returns (%)This chart shows how the fund’s 75/75 guarantee Standard series FEL option has performed in each of the past 5 years. In the past 5 years, the fund was up in value 3 years and down in value 2 years.

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- 2.64 9.68 -1.84 12.20 -0.94





Who is this fund for?A person who is investing for the longer term, seeking growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named Global Dividend (Setanta).

152


Global DividendHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





153


U.S. Low VolatilityU.S. Low Volatility — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: January 12, 2015

Date fund created: January 12, 2015Managed by: Putnam Investments Canada ULC.




75 / 75 2.86 15.26 52,71475 / 100 3.02 15.26 40,771100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in U.S. Stocks.Top 10 investments Name Assets %Amazon.com Inc. 5.57Apple Inc 5.21Microsoft Corp. Com 4.06Alphabet Inc. Cl A 3.60Adobe Inc. Com 2.17JPMorgan Chase & Co. Com 2.16Verizon Communications Inc. Com 2.07Medtronic plc Shs 1.93Goldman Sachs Group Inc. (The) Com 1.83Intuit Inc. Com 1.76Total 30.37Total investments: 126


Name Assets %Foreign equity 98.27Mutual funds 1.22Cash and equivalents 0.51



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- -- -- -0.56 1.81 2.85 5.76 5.62





Who is this fund for?A person who is investing for the longer term, seeking growth potential of U.S. 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.NotesPrior to November 19, 2021, this fund was named U.S. Low Volatility (Putnam).

154


U.S. Low VolatilityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





155


U.S. GrowthU.S. Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.72 38.37 145,76775 / 100 2.94 38.37 30,076100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in United States stocks.Top 10 investments Name Assets %Apple Inc 4.84Microsoft Corp. Com 3.94Amazon.com Inc. 3.50Facebook, Inc. Cl A 3.36Alphabet Inc. Cl A 3.13Lowe's Cos. Inc. Com 3.06HCA Healthcare Inc. Com 2.82NVIDIA Corp. Com 2.80Mastercard Inc. Cl A 2.66Monster Beverage Corporation Com 2.64Total 32.76Total investments: 69


Name Assets %Foreign equity 99.16Cash and equivalents 0.85



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -5.39 7.22 45.47 16.54 19.38 -0.88 15.62 -1.30 18.62 11.39





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. 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.NotesPrior to November 19, 2021, this fund was named U.S. Equity (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

156


U.S. GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





157


American GrowthAmerican Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: AGF Investments Inc.




75 / 75 2.98 50.65 83,83375 / 100 3.24 50.65 150,512100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in United States stocks.Top 10 investments Name Assets %Amazon.com Inc. 6.48NVIDIA Corp. Com 4.92Zillow Group, Inc. Cl A 4.13Sony Corp. ADR Amern Sh New 3.77UnitedHealth Group Inc. Com 3.77United Rentals Inc. Com 3.73Advanced Micro Devices Inc. 3.21Jacobs Engineering Group Inc. Com 3.16Qualcomm Inc. Com 3.16Monster Beverage Corporation Com 3.09Total 39.42Total investments: 40





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -3.92 12.02 44.70 12.57 22.48 1.26 15.89 2.19 11.70 43.05





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. 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.NotesPrior to November 19, 2021, this fund was named American Growth (AGF).

158


American GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





159


U.S. Value StockU.S. Value Stock — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: June 12, 2006Managed by: Mackenzie Investments




75 / 75 2.73 24.92 50,22675 / 100 2.95 24.92 29,375100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in United States stocks.Top 10 investments Name Assets %Franklin Resources Inc. Com 2.26Discovery, Inc. Com Ser A 2.20Apple Inc 2.20Morgan Stanley Com New 2.19Bank of America Corp. 2.14Kraft Heinz Co. (The) Com 2.12AbbVie Inc. Com 2.09Broadcom Inc Com 2.07Unum Group Com 2.06Viatris Inc. Com 2.06Total 21.39Total investments: 61





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -0.10 4.66 44.71 16.67 7.89 5.02 1.48 -5.49 11.21 -7.38





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. 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.NotesPrior to November 19, 2021, this fund was named U.S. Value (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

160


U.S. Value StockHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





161


U.S. ValueU.S. Value — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: January 12, 2015

Date fund created: January 12, 2015Managed by: Putnam Investments Canada ULC.




75 / 75 2.99 18.53 14,36475 / 100 3.16 18.53 8,364100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund currently invests primarily in U.S. stocks.Top 10 investments Name Assets %JPMorgan Chase & Co. Com 3.22Microsoft Corp. Com 3.19Bank of America Corp. 3.13Walmart Inc. Com 3.06Citigroup Inc. Com New 3.03Freeport-McMoRan Inc. Cl B 2.24Johnson & Johnson Com 2.15Qualcomm Inc. Com 1.96Charter Communications Inc. Cl A 1.88Fidelity National Information Services Inc. Com 1.86Total 25.72Total investments: 81


Name Assets %Foreign equity 99.25Cash and equivalents 0.79Other -0.04








Who is this fund for?A person who is investing for the longer term, seeking growth potential of U.S. 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.NotesPrior to November 19, 2021, this fund was named U.S. Value (Putnam).

162


U.S. ValueHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





163


U.S. DividendU.S. Dividend — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: July 8, 2013





75 / 75 2.68 28.38 536,44175 / 100 2.90 28.38 430,803100 / 100 3.18 28.38 11,438



Minimum investment


What does the fund invest in?This segregated fund invests primarily in U.S. dividend paying stocks.Top 10 investments Name Assets %Microsoft Corp. Com 5.59JPMorgan Chase & Co. Com 3.56Apple Inc 2.90Broadcom Inc Com 2.70Union Pacific Corp. Com 2.26Johnson & Johnson Com 2.25Verizon Communications Inc. Com 2.18Honeywell International Inc. Com 2.15Walt Disney Co. (The) Disney Com 2.00McDonald's Corp. Com 1.98Total 27.59Total investments: 109


Name Assets %Foreign equity 98.50Canadian equity 0.81Cash and equivalents 0.69



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -- -- -- 22.98 12.31 10.82 7.79 2.72 17.63 4.01





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of dividend paying U.S. 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.NotesPrior to November 19, 2021, this fund was named U.S. Dividend (GWLIM). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

164


U.S. DividendHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.16 n/a100 / 100 0.16 0.21



Fee What you pay





165


U.S. Mid Cap GrowthU.S. Mid Cap Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.82 38.04 58,78775 / 100 3.15 38.04 28,198100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in U.S. companies that are in the middle capitalization range of the equity market.Top 10 investments Name Assets %Deckers Outdoor Corporation Com 2.82Graco Inc. Com 2.79Molina Healthcare, Inc. Com 2.66Scotts Miracle-Gro Co. (The) Cl A 2.66Masimo Corporation Com 2.62Trex Company, Inc. Com 2.58Fair Isaac Corp. Com 2.54First Industrial Realty Trust Inc. REIT Com 2.49Williams-Sonoma, Inc. Com 2.41Trimble Inc. Com 2.40Total 25.98Total investments: 70










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of U.S. stocks and is comfortable with moderate to high 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.NotesPrior to November 19, 2021, this fund was named U.S. Mid Cap (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

166


U.S. Mid Cap GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





167


EAFE EquityEAFE Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 8, 1994Managed by: Putnam Investments Canada ULC.




75 / 75 2.92 25.44 139,85475 / 100 3.14 25.45 15,439100 / 100 3.57 25.44 625



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.Top 10 investments Name Assets %Sony Corp. Shs 3.15AIA Group Ltd. Shs 2.93Prudential PLC 2.47BHP Group Shs 2.28Schneider Electric S.E. Shs 2.19Diageo PLC 2.14Thales S.A. Shs 2.09Samsung Electronics Co. Ltd. Pfd Shs Non -Voting 2.06Nexi SpA Nexi Spa Azioni Ordinarie Senza Valore Nominale Ordinary 2.02

EDP - Energias de Portugal S.A. Reg Shs 1.99Total 23.33Total investments: 64










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named International Equity (Putnam). Putnam Investments assumed portfolio management responsibilities for the International Equity Fund (UBS) in September 2014. The name of the fund was changed to International Equity Fund (Putnam). The performance before that date was achieved under the previous investment manager.

168


EAFE EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





169


International EquityInternational Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: July 19, 2004Managed by: JPMorgan Asset Management (Canada) Inc.




75 / 75 2.91 26.15 60,59575 / 100 3.14 26.15 20,732100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.Top 10 investments Name Assets %Nestle S.A. Shs Nom 3.10Roche Holding AG Dividend Right Cert 2.54ASML Holding N.V. Aab Reverse Stock Split 2.42LVMH Moet Hennessy Louis Vuitton S.E. Shs 2.20Sony Corp. Shs 2.12AIA Group Ltd. Shs 2.11Novo Nordisk A/S Almindelig Aktie 1.91BHP Group Shs 1.83Novartis AG Namen -Akt 1.78Schneider Electric S.E. Shs 1.76Total 21.78Total investments: 82










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named International Equity (JPMorgan).

170


International EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





171


International StockInternational Stock — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.90 24.34 90675 / 100 -- -- --100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in equities of international companies currently through the Mackenzie Ivy International Fund.Top 10 investments (of the underlying fund) Name Assets %Amcor PLC Depositary Receipt Cdi 1 1 Foreign Exempt Nyse 4.41

Admiral Group plc Shs 4.35Seven & i Holdings Co. Ltd. Shs 3.93Reckitt Benckiser Group PLC Shs 3.60Henkel AG & Co. KGaA Henkel Ag+co Kgaa Vzo 3.31CK Hutchison Holdings Ltd. Shs 3.27Kao Corp. Shs 3.13Brambles Ltd. Shs 2.89AIA Group Ltd. Shs 2.66Koninklijke Philips N.V. Philips Kon 2.59Total 34.14Total investments: 44





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -5.84 6.04 38.65 -1.44 14.74 -7.75 8.09 -4.58 7.23 12.33





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of international companies 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.NotesPrior to November 19, 2021, this fund was named International Equity (Mackenzie).

172


International StockHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





173


International GrowthInternational Growth — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: JPMorgan Asset Management (Canada) Inc.




75 / 75 3.06 34.02 52,01075 / 100 3.33 34.02 100,298100 / 100 3.75 34.02 431



Minimum investment


What does the fund invest in?This segregated fund invests primarily in stocks outside of Canada and the U.S.Top 10 investments Name Assets %Nestle S.A. Shs Nom 5.30ASML Holding N.V. Aab Reverse Stock Split 4.08Roche Holding AG Dividend Right Cert 4.07LVMH Moet Hennessy Louis Vuitton S.E. Shs 3.49AIA Group Ltd. Shs 3.01Sony Corp. Shs 2.83Keyence Corp. Shs 2.65Novo Nordisk A/S Almindelig Aktie 2.64Diageo PLC 2.49L'Oreal S.A. Shs 2.43Total 33.00Total investments: 52










Who is this fund for?A person who is investing for the longer term, seeking the growth potential of foreign 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.NotesPrior to November 19, 2021, this fund was named International Opportunity (JPMorgan).

174


International GrowthHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





175


Global InfrastructureGlobal Infrastructure — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 2.95 21.24 124,87875 / 100 3.28 21.24 63,834100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in companies throughout the world that are involved in, or that indirectly benefit from, infrastructure-related operations.Top 10 investments Name Assets %Aena S.M.E., S.A. Aena S M E S A Ant Aena S A Acciones 6.93

Transurban Group Stapled Security 4.40Atlantia SpA Shs 3.73Enbridge Inc. Com 3.65Kinder Morgan Inc. Com 3.45Williams Cos. Inc. (The) Com 3.35Atlas Arteria Limited Ordinary Stapled Securities 3.31TC Energy Corp. Com 2.85NextEra Energy Inc. Com 2.69Iberdrola S.A. Shs 2.42Total 36.77Total investments: 89





Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -3.99 9.32 19.55 8.57 5.70 2.11 10.65 -3.93 13.82 -11.18





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of global companies involved in infrastructure-related operations 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.NotesPrior to November 19, 2021, this fund was named Global Infrastructure Equity (London Capital). Effective January 2021 Mackenzie Investments assumed portfolio management responsibilities from GLC Asset Management Group Ltd. No other changes were made to the segregated fund.

176


Global InfrastructureHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





177


European EquityEuropean Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: Setanta Asset Management Limited




75 / 75 2.93 24.06 57,12875 / 100 3.16 24.06 8,730100 / 100 3.43 24.06 59



Minimum investment


What does the fund invest in?This segregated fund invests primarily in companies located or active in Europe.Top 10 investments Name Assets %DCC PLC 6.24CRH plc Shs 6.20Groupe Bruxelles Lambert SA Shs New 6.06Unilever PLC Shs 5.42Ericsson (Telefonaktiebolaget L.M.) Shs -B - 5.40Novartis AG Namen -Akt 5.12GlaxoSmithKline PLC 4.73Sanofi Shs 4.52Diageo PLC 4.46Melrose Industries PLC Shs Par New 4.25Total 52.39Total investments: 29


Name Assets %Foreign equity 99.86Other 0.25Cash and equivalents -0.11



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -9.72 14.35 35.81 -1.66 24.13 -3.59 11.60 -7.11 10.20 -9.86





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of European companies 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.NotesPrior to November 19, 2021, this fund was named European Equity (Setanta).

178


European EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





179


Far East EquityFar East Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012

Date fund created: November 25, 1997Managed by: Canada Life Asset Management




75 / 75 3.04 26.54 54,31475 / 100 3.26 26.54 22,322100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests primarily in companies located or active in Asia or the Pacific Rim.Top 10 investments Name Assets %Lyxor MSCI AC Asia-Pacific ETF 5.90Taiwan Semiconductor Manufacturing Co. Ltd. Shs 5.89Tencent Holdings Ltd. Shs Par New Hkd 0.00002 5.87Alibaba Group Holding Ltd. Sponsored ADR Sponsored Ads 5.72

Samsung Electronics Co. Ltd. Samsungelectronics 5.12Meituan Usd Cl B Ord Shs 2.55AIA Group Ltd. Shs 2.17BHP Group Shs 1.74Ping An Insurance (Group) Company of China, Ltd. Shs -H - 1.50

Hong Kong Exchanges and Clearing Limited Shs 1.35Total 37.80Total investments: 182


Name Assets %Foreign equity 97.77Cash and equivalents 2.24Other -0.01





How risky is it?The risk rating for this fund is High.



Who is this fund for?A person who is investing for the longer term, seeking the growth potential of Asian and Pacific Rim companies and is comfortable with high 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.NotesPrior to November 19, 2021, this fund was named Far East Equity (CLI). Canada Life Asset Management assumed portfolio management responsibilities for the Asian Growth Fund (AGF) in October 2015. The segregated fund was renamed Far East Equity Fund (CLI). The performance before that date was achieved under the previous investment manager. No other changes were made to the segregated fund.

180


Far East EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





181


Emerging Markets EquityEmerging Markets Equity — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 3.29 21.78 250,56975 / 100 3.52 21.78 47,802100 / 100 3.85 21.77 1,389



Minimum investment


What does the fund invest in?This segregated fund invests primarily in equities of companies operating in emerging markets currently through the Mackenzie Emerging Markets Fund.Top 10 investments (of the underlying fund) Name Assets %Alibaba Group Holding Ltd. Sponsored ADR Sponsored Ads 6.10

Taiwan Semiconductor Manufacturing Co. Ltd. Shs 5.93Samsung Electronics Co. Ltd. Samsungelectronics 4.69Tencent Holdings Ltd. Shs Par New Hkd 0.00002 4.57Great Wall Motor Company Limited Shs -H - 2.12LG Electronics Inc. Shs 1.96China Construction Bank Corp. Shs -H - 1.94Vedanta Limited Eq New Rs.1/- 1.81Kia Motors Corp. Shs 1.81Country Garden Services Holdings Company Limited Usd Shs 1.80



Name Assets %Foreign equity 98.23Other 1.08Cash and equivalents 0.69



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -18.17 13.31 -1.28 5.27 -1.12 8.26 26.79 -16.51 9.14 16.38





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of companies in the emerging markets and is comfortable with high 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.NotesPrior to November 19, 2021, this fund was named Emerging Markets (Mackenzie).

182


Emerging Markets EquityHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





183


Global ResourcesGlobal Resources — Canada Life Segregated Funds Policy originally with Great- West Life – preferred series 2Quick facts: Date fund available: May 14, 2012





75 / 75 3.10 8.47 46,90775 / 100 3.26 8.47 7,266100 / 100 -- -- --



Minimum investment


What does the fund invest in?This segregated fund invests in global companies engaged in the energy and natural resource industries.Top 10 investments Name Assets %Enbridge Inc. Com 9.50TC Energy Corp. Com 8.05Canadian Natural Resources Ltd. Com 7.74Suncor Energy Inc. Com 6.93Nutrien Ltd. Com 4.41Barrick Gold Corporation 4.01Pembina Pipeline Corp. Com 3.80Parkland Corp. Com 3.69Franco-Nevada Corporation Com 2.98Boralex Inc. Cl A New 2.91Total 54.02Total investments: 43


Name Assets %Canadian equity 98.11Cash and equivalents 1.14Foreign equity 0.73Other -0.01



Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Rate of return -20.80 -9.88 -6.93 -13.32 -27.80 15.55 -2.16 -18.45 18.20 -6.73





Who is this fund for?A person who is investing for the longer term, seeking the growth potential of companies operating in the natural resource industries and is comfortable with higher risk due to investing solely in this one economic sector.NotesPrior to November 19, 2021, this fund was named Global Resource (Mackenzie). In January 2021 Mackenzie Investments assumed portfolio management responsibilities. In May 2021 the fund was renamed Global Resource Fund (Mackenzie) and the fund objective changed from investing primarily in Canadian resource companies to global resource companies. The performance shown for years prior to 2021 was achieved under the previous investment managers and relates to the Canadian Resources (GWLIM) investment mandate. No other changes were made to the segregated fund.

184


Global ResourcesHow much does it cost?The following table shows the fees and expenses you could pay to invest in or redeem units of the fund.1. Sales charges







option (%)


75 / 75 n/a n/a75 / 100 0.21 n/a100 / 100 0.21 0.27



Fee What you pay





185

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Documents

Fund Facts Booklet - Canada Life