Canada Life segregated funds policy originally with London Life

Fund overview & performance

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Canada Life Mutual Funds

London Life North American Balanced

January 31, 2026

A large-cap fund seeking a blend of long-term growth and income.

Is this fund right for you?

  • You want investment income and want your money to grow over time.
  • You want to invest in Canadian and foreign stocks, Canadian bonds and short-term securities.
  • You're comfortable with a low to moderate level of risk.

RISK RATING

Risk Rating: Low to Moderate

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

Asset allocation (%)
Name Percent
Domestic Bonds 39.3
Canadian Equity 33.7
US Equity 19.6
Cash and Equivalents 3.9
International Equity 1.9
Income Trust Units 1.2
Foreign Bonds 0.4
Geographic allocation (%)
Name Percent
Canada 76.4
United States 20.6
United Kingdom 1.0
Ireland 0.8
Other 1.2
Sector allocation (%)
Name Percent
Fixed Income 39.7
Financial Services 13.4
Technology 10.6
Basic Materials 7.0
Consumer Services 4.7
Energy 4.3
Industrial Services 4.3
Cash and Cash Equivalent 3.9
Healthcare 2.8
Other 9.3

Growth of $10,000 (since inception)

Period:

For the period 07/27/1998 through 01/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $26,612

Fund details (as of January 31, 2026)

Top holdings (%)
Top holdings Percent (%)
Canada Government 3.25% 01-Dec-2034 3.3
Royal Bank of Canada 2.5
Agnico Eagle Mines Ltd 2.1
Canada Government 3.25% 01-Jun-2035 2.1
Toronto-Dominion Bank 1.8
Ontario Province 3.95% 02-Dec-2035 1.8
Kinross Gold Corp 1.6
Cash and Cash Equivalents 1.5
NVIDIA Corp 1.4
Alphabet Inc Cl A 1.4
Total allocation in top holdings 19.5
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 6.83%
Dividend yield 1.67%
Yield to maturity 3.67%
Duration (years) 7.34%
Coupon 3.91%
Average credit rating AA-
Average market cap (million) $743,616.1

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
0.42 4.91 0.42 5.50
Long term
3 YR 5 YR 10 YR INCEPTION
7.64 5.73 4.78 3.62

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
7.60 12.14 7.14 -10.12
2021 - 2018
2021 2020 2019 2018
11.45 3.42 10.84 -4.42

Range of returns over five years (August 01, 1998 - January 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
8.43% Feb 2014 -1.22% Feb 2009
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.60% 97 263 8
Period:
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London Life North American Balanced

London Life North American Balanced

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ID Effective date Price ($) Income Capital gain Total distribution