By Canada Life | Feb. 2, 2024

Our fund shelf shines this award season. Over 30 of our investment funds were recognized at the 2023 Fundata FundGrade A+® awards on Feb. 1. These awards acknowledged Canadian funds showing consistent exceptional results throughout 2023. 

The FundGrade A+® Award is a highly prized achievement in the Canadian investment funds industry. It’s given annually to investment funds and managers who show consistent, outstanding and risk-adjusted performance throughout the year. Only 6% of investment fund products in Canada received this recognition at the awards. This achievement shows the ongoing strength of our wealth shelf.

Award winning excellence: unveiling the Canada Life funds recognized this year:

Mutual funds

Canada Life Canadian Growth Balanced Fund was recognized for outstanding fund performance at the 2023 Fundata FundGrade A+ Awards in the Canadian Equity Balanced category out of a total of 379 funds. Performance for Series A of the fund for the period ended Dec. 31, 2023, is as follows: 8.46% (1 year), 5.37% (3 years), N/A% (5 years), N/A% (10 years) and 6.17% (since inception – Sept. 9, 2020).  

Canada Life Canadian Value Fund was recognized for outstanding fund performance at the 2023 Fundata FundGrade A+ Awards in the Canadian Equity category out of a total of 709 funds. Performance for Series A of the fund for the period ended Dec. 31, 2023, is as follows: 7.74% (1 year), 14.06% (3 years), N/A% (5 years), N/A% (10 years) and 18.65% (since inception – May 25, 2020).  

Canada Life Emerging Markets Equity Fund was recognized for outstanding fund performance at the 2023 Fundata FundGrade A+ Awards in the Emerging Markets Equity category out of a total of 313 funds. Performance for Series A of the fund for the period ended Dec. 31, 2023, is as follows: 14.68% (1 year), 0.26% (3 years), 5.70% (5 years), 5.03% (10 years) and 6.14% (since inception – Aug. 9, 2002).  

Canada Life Precious Metals Fund was recognized for outstanding fund performance at the 2023 Fundata FundGrade A+ Awards in the Precious Metals Equity category out of a total of 73 funds. Performance for Series A of the fund for the period ended Dec. 31, 2023, is as follows: 3.59% (1 year), -4.10% (3 years), 12.66% (5 years), 10.36% (10 years) and 9.12% (since inception – Aug. 16, 2013). 

Segregated funds

Congratulations to the investment teams that manage these distinguished funds. Reach out to your Canada Life wealth wholesaling team for more information about these award-winning mandates. 

Some of the awarded funds are former Great-West Life or London Life funds; however, these mandates are on the Canada Life segregated fund shelf as well. As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company, and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. As a result, all segregated fund policies and contracts that were with Great West Life or London Life are now with Canada Life.

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

Canada Life segregated funds are available through a segregated funds policy issued by The Canada Life Assurance Company. Canada Life mutual funds are 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. Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. A description of the key features of Canada Life's individual variable insurance contract is contained in the information folder, available from your advisor.

Canada Life and design, Canada Life Investment Management and design, and other marks followed by the TM symbol at first time of use are trademarks of The Canada Life Assurance Company (“Canada Life”). Other marks displayed in this piece are trademarks of a third party, and used with permission or under license. Canada Life Investment Management Ltd. is a subsidiary of Canada Life.