(SPEECH)

[MUSIC PLAYING] 

(DESCRIPTION)

Text, Canada Life Pathways funds. A clear path to help you achieve your client's goals. 

What are Canada Life Pathways funds? 

Brent MacLellan, CFA. Vice-President, Portfolio Construction & Analysis, Canada Life 

(SPEECH)

The Canada Life Pathways funds provide investors a full suite of solutions that can help investors invest with confidence in achieving their financial goals. Since launching Pathways funds in 2018, we've seen great success, as these solutions have resonated exceptionally well with our advisors and investors because of these key reasons. 

First, their distinctiveness in the marketplace. The Pathways funds provide access to managers and mandates not typically available elsewhere in the industry. 

(DESCRIPTION)

Locations on a world map 

(SPEECH)

They also provide investors access to institutional-style investment managers, where some of the best managers are looking after their money. 

And finally, performance is another key reason.

Many 

(DESCRIPTION

)7 out of 9 Pathways stand-alone mutual funds outperformed category median over 3-years, as of January 31, 2022 

(SPEECH)

of these funds have delivered better performance than their peers, as they rank higher than the respective category medians. These funds are the building blocks to help clients reach goals that matter most to them. 

(DESCRIPTION)

What is a concentrated fund? 

(SPEECH)

In a universe of hundreds or even thousands of companies, concentrated funds focus on investing in a small number of holdings, typically 30 to 40 stocks. These are the portfolio managers' highest conviction stocks. These companies may have a strong competitive advantage or unique capabilities that the manager feels can deliver better risk-adjusted returns. 

(DESCRIPTION)

Why would you want to invest in a concentrated fund? 

(SPEECH)

Concentrated funds, as mentioned, represent the manager's best ideas. That way, investors can trust that every name in their fund is the best of the best according to the manager. Given the nature of concentrated funds, they don't look anything like their benchmark or index, nor do they tend to look much like their peers. 

Our pathway suite of funds offer a concentrated solution across all equity regions, Canada, United States, international, and emerging markets. That way, our investors can gain access to these unique strategies, aiming to deliver stronger returns and greater overall diversification to their portfolios. 

(DESCRIPTION)

Who are the Pathways investment managers? 

(SPEECH)

To allow our investors to gain access to some of the best-in-class investment managers, we need to take a global approach in our search. Each Pathways manager has a unique investment philosophy and process and has demonstrated its success through a full market cycle. 

(DESCRIPTION)

Canada Life Pathways funds. Aristotle, Brandywine Global, Galibier, Northgate Capital, Mackenzie Investments, Putnam Investments, Setanta Asset Management, Worldwide Asset Management 

(SPEECH)

Many of them aren't your typical household name investment managers. Given their uniqueness, many are hired by institutional investors like pensions, foundations, and endowments to manage their money, and we leverage our scale to bring them to our investors. (DESCRIPTION)Who selects these investment managers? 

(SPEECH)

I lead the investment manager research team, and our responsibility is to oversee the managers across the Canada Life investment fund shelves, which includes our Pathway suite of funds. 

(DESCRIPTION)

Investment manager review process. Rules-based approach. Aligns with industry best practices. Enhances consistency and transparency. Focuses on a high-conviction platform. Applied consistently and objectively to both internal and external managers. 

(SPEECH)

We use a rigorous and objective governance process to select and continuously monitor and evaluate the fund managers on our shelf. We actively search for best-in-class managers to complement existing funds and skill sets on our shelf. But it doesn't stop there. 

(DESCRIPTION)

Text on a flow chart. Quantitative assessment. Sophisticated quantitative analysis conducted over various time periods to verify performance. Qualitative assessment. Consistently leveraged to assess firm, team, process, risk management, portfolio characteristics, compliance, operations and trading..Final fund assessment. Early trend analysis. Flags significant performance outliers. 

(SPEECH)

We're committed to ensuring that our funds continuously benefit from some of the best managers from across the globe. And in doing so, we implement meticulous oversight across all these managers to ensure none of them stray from what we originally hired them to do. This is our commitment, and we are relentless in our pursuit of not only bringing the best managers to our funds, but ensuring they remain the best, or we'll seek to replace them with someone better. 

(DESCRIPTION)

Choose Canada live Pathways funds for their strength, focus and discipline. 

Funds table As of Jan. 31, 2022. Source: Fundata 

Inception date for all funds is October 22,2018 except the Canada Life Pathways Global Multi Sector Bond Fund which has an Inception date of December 18, 2018. Quartile rankings are from Fundata, an independent research firm, based on their respective CIFSC category, and reflect the three-year annualized performance of the various funds as of January 31, 2022. The quartiles divide the data into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile rankings compare how a fund has performed relative to other funds in a particular category and are subject to change monthly. The number of Canadian fixed-income funds for one year is 574 and for three-years is 500, the number of global fixed-income funds for one-year is 558 and for three-years is 432, the number of Canadian Equity Funds for one-year is 693 and for three-years is 608, the number of us Equity Funds for one-year is 1,549 and for three-years is 1,327, the number of international Equity Funds for one-year is 753 and for three-years is 289. Performance data is provided for illustrative purposes only and represents past performance, which is not indicative of future performance. 

The views expressed in this commentary are those of Canada Life 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. Although we endeavor to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it. Canada Life Pathways funds are available through a segregated fund policy issued by the Canada Life Assurance Company or as a mutual fund managed by Canada Life Investment Management Ltd. offered exclusively through Quadrus Investment Services Ltd., commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund Investments. Please read the prospectus before investing. The indicated rate of return are the historical annual compounded total returns as of January 31, 2022 including changes in unit value and reinvestment of all dividends and do 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 Pathways are trademarks of 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. Canada Life and design, and Canada Life Pathways are trademarks of the Canada Life Assurance Company. 

Logo and text, Canada Life. Canada Life and design are trademarks of the Canada Life Assurance Company. canadalife.com. 1-888-252-1847