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)

April 30, 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 February 28, 2026)

Asset allocation (%)
Name Percent
Foreign Bonds 69.1
Domestic Bonds 17.0
Cash and Equivalents 13.3
Canadian Equity 0.5
Other 0.1
Geographic allocation (%)
Name Percent
United States 66.0
Canada 27.8
Multi-National 4.4
Europe 0.4
Other 1.4
Sector allocation (%)
Name Percent
Fixed Income 83.1
Cash and Cash Equivalent 13.3
Mutual Fund 3.0
Utilities 0.4
Financial Services 0.1
Telecommunications 0.1

Growth of $10,000 (since inception)

Period:

For the period 07/09/2018 through 04/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $12,434

Fund details (as of February 28, 2026)

Top holdings (%)
Top holdings Percent (%)
Cash and Cash Equivalents 7.7
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 1.2
Sagard Credit Partners II LP 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
Videotron Ltd 3.13% 15-Jan-2026 0.7
Total allocation in top holdings 18.2
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 3.42%
Dividend yield 5.04%
Yield to maturity 5.91%
Duration (years) 3.37%
Coupon 5.62%
Average credit rating BB+
Average market cap (million) $34,282.8

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
1.16 0.71 0.38 4.48
Long term
3 YR 5 YR 10 YR INCEPTION
5.40 1.81 - 2.83

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 - April 30, 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
2.20% 100 34 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