Canada Life Investment Management Ltd. announces fund name and series name changes to certain Canada Life Mutual Funds

WINNIPEG, MB, Aug. 17, 2021 /CNW/ - Canada Life Investment Management Ltd. (CLIML), Canada Life's investment fund management subsidiary, today announced series name changes, the renaming of certain Canada Life Mutual Funds^TM (or Canada Life Funds), a sub-advisory change to the Canada Life Floating Rate Income Fund and changes to its deferred sales charge purchase options as part of a strategic initiative to modernize the company's product lineup.

Fund name changes

The new fund names will provide greater transparency and are more reflective of the mandates, making it easier for advisors to navigate the company's fund offering. This will help advisors to recommend relevant funds that will meet the needs of clients and help clients better understand what they are investing in.

The following changes are effective on or about August 19, 2021:

Current name	New name
Canada Life Diversified Fixed Income Folio Fund	Canada Life Diversified Fixed Income Portfolio
Canada Life Conservative Folio Fund	Canada Life Conservative Portfolio
Canada Life Moderate Folio Fund	Canada Life Moderate Portfolio
Canada Life Balanced Folio Fund	Canada Life Balanced Portfolio
Canada Life Advanced Folio Fund	Canada Life Advanced Portfolio
Canada Life Aggressive Folio Fund	Canada Life Aggressive Portfolio
Canada Life Core Bond Fund (Portico)	Canada Life Canadian Core Bond Fund
Canada Life Tactical Bond Fund (Portico)	Canada Life Canadian Tactical Bond Fund
Canada Life Corporate Bond Fund (Portico)	Canada Life Canadian Corporate Bond Fund
Canada Life Global Multi-Sector Bond Fund (T. Rowe Price)	Canada Life Global Multi-Sector Fixed Income Fund
Canada Life North American High Yield Bond Fund	Canada Life North American High Yield Fixed Income Fund
Canada Life Short-Term Bond Fund (Portico)	Canada Life Short-Term Bond Fund
Canada Life Core Plus Bond Fund (Portico)	Canada Life Canadian Core Plus Bond Fund
Canada Life Long Term Bond Fund (Portico)	Canada Life Long Term Bond Fund
Canada Life Balanced Fund (Beutel Goodman)	Canada Life Canadian Value Balanced Fund
Canada Life Monthly Income Fund (London Capital)	Canada Life Monthly Income Fund
Canada Life Canadian Balanced Fund	Canada Life Canadian Stock Balanced Fund
Canada Life Equity/Bond Fund (GLC)	Canada Life Canadian Growth Balanced Fund
Canada Life Income Fund (Portico)	Canada Life Canadian Income Fund
Canada Life Global Monthly Income Fund (London Capital)	Canada Life Global Monthly Income Fund
Canada Life Global Growth Balanced Fund (T. Rowe Price)	Canada Life Global Growth Balanced Fund
Canada Life Growth and Income Fund (GWLIM)	Canada Life Global Growth and Income Fund
Canada Life Global Focused Growth Balanced Fund	Canada Life Global Growth Opportunities Balanced Fund
Canada Life Global Value Balanced Fund (Beutel Goodman)	Canada Life Global Value Balanced Fund
Canada Life Canadian Dividend Fund (Laketon)	Canada Life Canadian Core Dividend Fund
Canada Life Dividend Fund (GWLIM)	Canada Life Canadian Focused Dividend Fund
Canada Life Canadian Growth Fund (GWLIM)	Canada Life Canadian Growth Fund
Canada Life Canadian Low Volatility Fund (London Capital)	Canada Life Canadian Low Volatility Fund
Canada Life Canadian Value Fund (FGP)	Canada Life Canadian Value Fund
Canada Life Canadian Equity Fund (Beutel Goodman)	Canada Life Canadian Focused Value Fund
Canada Life Canadian Equity Fund (Laketon)	Canada Life Canadian Equity Fund
Canada Life Mid Cap Canada Fund (GWLIM)	Canada Life Canadian Small-Mid Cap Fund
Canada Life American Equity Fund (Beutel Goodman)	Canada Life American Value Fund
Canada Life US Dividend Fund (GWLIM)	Canada Life U.S. Dividend Fund
Canada Life US Equity Fund (London Capital)	Canada Life U.S. Growth Fund
Canada Life US Value Fund (Putnam)	Canada Life U.S. Value Fund
Canada Life US Mid Cap Opportunities Fund	Canada Life U.S. Mid Cap Growth Fund
Canada Life US Low Volatility Fund (Putnam)	Canada Life U.S. Low Volatility Fund
Canada Life Global All Cap Equity Fund (Setanta)	Canada Life Global All Cap Equity Fund
Canada Life Global Growth Equity Fund (T. Rowe Price)	Canada Life Global Growth Equity Fund
Canada Life Global Dividend Equity Fund (Setanta)	Canada Life Global Dividend Fund
Canada Life Global Founders Fund (Beutel Goodman)	Canada Life Global Founders Fund
Canada Life Global Low Volatility Fund (ILIM)	Canada Life Global Low Volatility Fund
Canada Life International Core Equity Fund (JP Morgan)	Canada Life International Equity Fund
Canada Life International Opportunity Fund (JP Morgan)	Canada Life International Growth Fund
Canada Life Global Infrastructure Equity Fund (London Capital)	Canada Life Global Infrastructure Fund
Canada Life Science & Technology Fund (London Capital)	Canada Life Science and Technology Fund
Canada Life Global Real Estate Fund (London Capital)	Canada Life Global Real Estate Fund

Series name changes

The following changes are effective on or about August 19, 2021 for the Canada Life Funds:

Current series name	New series name
Q	A
D5	T5
D8	T8
H	F
H5	F5
H8	F8
L	W
L5	W5
L8	W8
HW	FW
HW5	FW5
HW8	FW8

Deferred sales charge options change

Effective August 19, 2021, the redemption charge (RC) purchase option and the low-load (LL) purchase option are no longer available for purchase on all applicable series of the Canada Life Funds, including purchases made through systematic plans such as pre-authorized contribution plans or the dollar-cost averaging service. Securities purchased under the RC and LL purchase options prior to the effective date may continue to be held in investor accounts and will continue to receive applicable distributions according to each Canada Life Fund's distribution policy. Switching from securities of a Canada Life Fund previously purchased under the RC or LL purchase options to securities of another Canada Life Fund, under the same purchase option, will continue to be available.

Sub-advisor change to Canada Life Floating Rate Income Fund

Effective on or about August 19, 2021, Mackenzie Financial Corporation will be named sub-advisor to the Canada Life Floating Rate Income Fund.

Canada Life Mutual Funds, Canada Life and design are trademarks of The Canada Life Assurance Company

About Canada Life Investment Management Ltd.
CLIML is the investment fund management subsidiary of The Canada Life Assurance Company, a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made.

On January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.

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SOURCE Canada Life

Liz Kulyk, AVP, Media Relations & Public Affairs, Canada Life, 204-391-8515, [email protected]