Canadian Core Dividend Fund: a closer look at a time-tested investment strategy

By Mackenzie Investments – GLC Canadian Core Dividend Team | June 13, 2022

The Canadian core dividend team, who’s been managing these types of strategies for Canada Life since November 1998¹, examines the current market environment and the impact on investments. They review how dividends have proven to be a meaningful building block to total return over time and how the current market continues to support high-quality Canadian dividend equities.

Effective Jan. 1, 2021, Mackenzie Investments assumed portfolio management responsibilities of the mandates as a result of the sale of GLC Asset Management to Mackenzie Investments. The team theat managed the funds transitioned to Mackenzie as a result of this transaction and continues to manage the funds. The portfolio management team has been managing core Canadian dividend strategies for Canada Life since November. 1998 with the Canadian Core Dividend Fund, previously known as Enhanced Dividend (Laketon), Generation Series segregated fund. While the Generation Series of this fund is soft-capped, and not available to new investors, there are additional segregated fund series available for purchase that have an inception date of October 2009. There are also and various mutual fund series available with inception dates going back to May 2020.

The views expressed in this commentary are those of this fund manager as at the date of publication and are subject to change without notice. This commentary is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice.

This fund is available through a segregated funds policy issued by Canada Life or as a mutual fund managed by Canada Life Investment Management Ltd. 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. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. A description of the key features of the segregated fund policy is contained in the information folder. Any amount allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.

Canada Life and design, and Canada Life Investment Management and design are trademarks of The Canada Life Assurance Company.