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Dec. 14, 2023

The Investment Manager Research (IMR) team oversees the investment managers of Canada Life’s mutual and segregated funds. They monitor, evaluate and rate the funds and their investment managers. This helps to ensure the investment managers and funds on our platform are relevant and competitive, so you can feel confident you’re providing the right investment solutions to your clients.

On Nov. 21, 2023, Fidelity announced that Rebecca Baker, Research Analyst/Portfolio Manager, will join the portfolio management teams of the Canada Life Fidelity NorthStar® Fund and Fidelity NorthStar® Balanced Fund (Fidelity). She’ll work alongside current PM, Kyle Weaver in managing his portion of the strategies. Baker currently manages Fidelity Select IT Services Portfolio and co-manages the technology sleeve of the Fidelity Series All-Sector Equity Fund. Additionally, she’s responsible for consumer stocks, including restaurants, hotels, gaming, cruise lines and information technology services stocks. 

The remaining portfolio management team and analysts who have been managing the mandates listed below are still in place. The IMR team will continue to meet the team to understand the implications of this change and to monitor the transition. 

The fund’s benchmark, fee, investment objective and style remain unchanged, and no action is required.

Fund name
Portfolio managers prior to announcement
Portfolio managers after the announcement
Canada Life Fidelity NorthStar® Fund
Joel Tillinghast1, Sam Chamovitz, Morgen Peck, Dan Dupont, Kyle Weaver, David Wolf
Joel Tillinghast1, Sam Chamovitz, Morgen Peck, Dan Dupont, Kyle Weaver, Rebecca Baker, David Wolf

NorthStar® Balanced Fund (Fidelity)
Joel Tillinghast1, Sam Chamovitz, Morgen Peck, Dan Dupont, Kyle Weaver, David Tulk, David Wolf, Jeff Moore, Michael Plage
Joel Tillinghast1, Sam Chamovitz, Morgen Peck, Dan Dupont, Kyle Weaver, Rebecca Baker, David Tulk, David Wolf, Jeff Moore, Michael Plage
Portfolio Manager Joel Tillinghast will step away from active PM duties at the end of 2023.

The views expressed in this update are current as of and are subject to change without notice. This update 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.

These funds are available through a segregated funds policy issued by The Canada Life Assurance Company. 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. 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.