Canada Life Investment Management Ltd. makes changes to its mutual fund line-up

Fund line-up evolving through fund name changes, reopening and risk rating changes

LONDON, ON, July 18, 2023 /CNW/ - Today, Canada Life Investment Management Ltd. (CLIML) announced changes to its mutual fund line-up, including renaming funds, reopening three funds to purchases and changing risk ratings. These changes aim to offer a more cohesive, relevant mutual fund shelf for advisors and their clients.

Mutual fund name changes
Effective July 18, 2023, CLIML is continuing to streamline the names of its mutual fund line-up by re-naming 12 funds, which includes removing the Pathways brand. This simplified naming convention better aligns these funds with the rest of the Canada Life mutual fund shelf and helps make it easier for advisors to navigate. The re-named funds are listed below:

New name	Old name
Canada Life Canadian Core Fixed Income Fund	Canada Life Pathways Core Bond Fund
Canada Life Canadian Core Plus Fixed Income Fund	Canada Life Pathways Core Plus Bond Fund
Canada Life Global Core Plus Bond Fund	Canada Life Pathways Global Core Plus Bond Fund
Canada Life Global Multi-Sector Bond Fund	Canada Life Pathways Global Multi Sector Bond Fund
Canada Life Canadian Concentrated Equity Fund	Canada Life Pathways Canadian Concentrated Equity Fund
Canada Life U.S. Concentrated Equity Fund	Canada Life Pathways US Concentrated Equity Fund
Canada Life International Value Fund	Canada Life Pathways International Equity Fund
Canada Life International Concentrated Equity Fund	Canada Life Pathways International Concentrated Equity Fund
Canada Life Emerging Markets Large Cap Equity Fund	Canada Life Pathways Emerging Markets Large Cap Equity Fund
Canada Life Emerging Markets Concentrated Equity Fund	Canada Life Pathways Emerging Markets Equity Fund
Canada Life Global Tactical Fund	Canada Life Pathways Global Tactical Fund
Canada Life U.S. All Cap Growth Fund	Canada Life US All Cap Growth Fund

Reopening select mutual funds

CLIML is committed to ensuring its product shelf remains relevant and competitive through changing market conditions. That's why today, it's reopening all series of three mutual funds to purchases. These funds are:

Fund name

Canada Life Canadian Core Plus Bond Fund

Canada Life Emerging Markets Equity Fund

Canada Life Precious Metals Fund

Risk rating changes to select mutual funds
Effective immediately, the risk rating for the following mutual funds will change. All other fund details remain the same.

Funds with an increased risk rating:

Fund name	Previous Risk Rating	New Risk Rating
Canada Life Canadian Focused Dividend Fund	Low-to-medium	Medium
Canada Life Canadian Dividend Fund	Low-to-medium	Medium
Canada Life Canadian Focused Growth Fund	Low-to-medium	Medium
Canada Life Global Dividend Fund	Low-to-medium	Medium
Canada Life Emerging Markets Equity Fund	Medium	Medium-to-high

Fund with a decreased risk rating:

Fund name	Previous Risk Rating	New Risk Rating
Canada Life Global Low Volatility Fund	Medium	Low-to-medium

CLIML reviews its funds' risk ratings at least annually, as well as when a fund undergoes a material change, in accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators.

The above changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies, or management of any of the funds.

About Canada Life Investment Management Ltd.

Canada Life Investment Management is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

SOURCE Canada Life

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