Canada Life segregated funds policy originally with London Life

Fund overview & performance

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Canada Life Mutual Funds

LON North American High Yield Fixed Income 75/75 (P)

March 31, 2026

A fixed-income fund that aims to provide income while limiting downside risk through primarily American investments.

Is this fund right for you?

  • Are looking for a North American high yield fixed income fund to hold as part of their portfolio.
  • Want a medium-term investment.
  • Can handle the volatility of bond markets.

RISK RATING

Risk Rating: Low to Moderate

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

Asset allocation (%)
Name Percent
Foreign Bonds 68.0
Domestic Bonds 16.9
Cash and Equivalents 14.4
Canadian Equity 0.5
Other 0.2
Geographic allocation (%)
Name Percent
United States 65.4
Canada 28.3
Multi-National 4.4
Europe 0.5
France 0.1
Other 1.3
Sector allocation (%)
Name Percent
Fixed Income 84.9
Cash and Cash Equivalent 14.4
Utilities 0.4
Energy 0.1
Financial Services 0.1
Telecommunications 0.1

Growth of $10,000 (since inception)

Period:

For the period 07/09/2018 through 03/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $12,292

Fund details (as of January 31, 2026)

Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 7.9
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.0
Mackenzie High Quality Floating Rate Fund Series R 1.4
United States Treasury 4.25% 15-Aug-2035 1.3
Sagard Credit Partners II LP 1.1
CAD Currency Forward 1.1
TELUS Corp. F/R 15-Oct-2055 0.8
Go Daddy Operating Co LLC 3.50% 01-Mar-2029 0.8
TransCanada Trust 4.65% 18-May-2027 0.8
Rogers Communications Inc 5.25% 15-Mar-2082 0.7
Total allocation in top holdings 18.9
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.40%
Dividend yield 4.87%
Yield to maturity 5.72%
Duration (years) 3.42%
Coupon 5.62%
Average credit rating BB+
Average market cap (million) $39,089.2

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
-1.11 -0.36 -0.77 2.85
Long term
3 YR 5 YR 10 YR INCEPTION
5.17 1.72 - 2.71

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
3.89 7.49 7.82 -11.02
2021 - 2018
2021 2020 2019 2018
2.44 5.48 11.66 -

Range of returns over five years (August 01, 2018 - March 31, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
4.25% Mar 2025 0.71% Sep 2023
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
2.21% 100 33 0
Period:
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LON North American High Yield Fixed Income 75/75 (P)

LON North American High Yield Fixed Income 75/75 (P)

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