Canada Life Investment Management Ltd. announces changes to certain mutual funds

London, ON, October 8, 2024. . . Canada Life Investment Management Ltd. (CLIML) today announced changes to certain Canada Life mutual funds that include investment strategies, sub-advisor and/or fund name changes. There are no changes to the investment objectives or risk rating of the funds.

Canada Life Canadian Focused Growth Fund  
Effective on or about Oct. 31, 2024, the investment strategies will change to reflect a multi-portfolio manager approach and the addition of a dedicated Canadian and U.S. small and mid-cap equity allocation for additional diversification. The fund will continue to be sub-advised by Mackenzie Financial Corporation.

Canada Life U.S. Small-Mid Cap Growth Fund  
Effective on or about Nov. 5, 2024, the investment strategies will change to reflect a multi-portfolio manager approach with the addition of Mackenzie Investments Corporation to act as sub-advisor along with the existing sub-advisor Mackenzie Financial Corporation. This change will allow the fund to benefit from a more quantitative investment strategy.

Canada Life Canadian Growth Balanced Fund  
Effective on or about Nov. 6, 2024, the investment strategies will change to reflect a multi-portfolio manager approach across equities and the addition of a dedicated Canadian and U.S. small and mid-cap equity allocation for additional diversification. The fund will continue to be sub-advised by Mackenzie Financial Corporation. No changes are being made to the fixed income component of the fund.

Canada Life Global Growth and Income Fund 
Effective on or about Nov. 18, 2024, the sub-advisors of the global equity portion of this fund will change to Brandywine Global Investment Management, LLC and Canada Life Asset Management Ltd. from Mackenzie Financial Corporation and Setanta Asset Management Ltd. No changes will be made to the fixed income sub-advisor, Mackenzie Financial Corporation. The investment strategies will be amended to reflect the two new sub-advisors’ approaches and processes. With these changes, this fund’s name will change to Canada Life Global Equity and Income Fund.

Canada Life Canadian Value Fund 
Effective on or about Nov. 22, 2024, this fund’s sub-advisor will change to Mackenzie Financial Corporation from Foyston, Gordon & Payne Inc. The investment strategies will be amended to reflect the new sub-advisor’s investment approach and process.

Canada Life Global Small-Mid Cap Growth Fund 
Effective on or about Nov. 26, 2024, this fund’s sub-advisor will change from Mackenzie Financial Corporation to Royce & Associates, LP, who will manage the underlying investments, and Fiduciary Trust Company of Canada and Franklin Advisers, Inc., who will oversee the asset mix between U.S. and international small-mid cap equities. The investment strategies will be amended to reflect the new sub-advisors’ investment approach and process. This fund’s name will change to Canada Life Global Small-Mid Cap Equity Fund.

Canada Life North American High Yield Fixed Income Fund  
Effective on or about Dec. 2, 2024, this fund’s sub-advisor will change to Brandywine Global Investment Management, LLC, from Mackenzie Financial Corporation. The investment strategies will be amended to include global high yield fixed income exposure and to reflect the new sub-advisor’s investment approach and process. To reflect this broadened investment strategy, this fund’s name will change to Canada Life Global High Yield Fixed Income Fund.

About Canada Life Investment Management Ltd.
Canada Life Investment Management Ltd. (CLIML) is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

For more information, contact:

Leezann Freed-Lobchuk
Director, Media Relations
Canada Life
Media.Relations@canadalife.com

These funds are managed by Canada Life Investment Management Ltd. and offered exclusively through Quadrus Investment Services Ltd., IPC Investment Corporation and IPC Securities Corporation. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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