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Balanced funds

Different funds to achieve unique goals

Whether you want to minimize the impact of taxes, draw an income or something else, you have options with our mutual funds.

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What are balanced funds?

Balanced funds mix equities and fixed income securities to balance the aim of achieving higher returns against the risk of losing money. They tend to have more risk than fixed income funds, but less risk than pure equity funds.

Balanced funds you can choose from
Fund name
What it invests in
Fund objectives
Ideal investor
Canada Life Global Monthly Income Fund (London Capital)
Primarily in fixed income and/or income-oriented equities of issuers anywhere in the world
Current income with the potential for long-term capital growth 
Medium-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Mackenzie Ivy Global Balanced Fund
Primarily a combination of equities and fixed income securities of issuers anywhere in the world
Capital growth and current income
Medium-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Mackenzie Strategic Income Fund
Primarily in fixed income and/or income-oriented equities issued anywhere in the world
Income and long-term capital growth 
Medium-term investors who can handle the volatility of stock and bond markets and have a low to medium risk tolerance
Canada Life Income Fund (Portico)
Primarily Canadian government debt obligations and investment grade corporate bonds and, to a lesser extent, in Canadian equity securities
Current income and moderate capital growth
Medium-term investors who can handle the volatility of stock and bond markets and have a low risk tolerance
Canada Life Growth and Income Fund (GWLIM)
Primarily in equities issued by companies around the world and Canadian fixed income and money market securities
Long-term capital growth and income
Long-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Canada Life Monthly Income Fund (London Capital)
Primarily fixed income and/or income-oriented equity investments
Current income with potential long-term capital growth 
Medium-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Canada Life Canadian Balanced Fund
Primarily a combination of Canadian equity and fixed-income securities
Capital growth and current income
Medium to long-term investors who can handle stock market volatility and have low to medium risk tolerance
Canada Life Equity Bond Fund
Primarily equity and fixed income securities anywhere in the world
Generate capital appreciation and income
Medium to long-term investors who can handel stock and bond market volatility and have low to medium risk tolerance
Canada Life Balanced Fund (Beutel Goodman)
Primarily a combination of Canadian, U.S. and international equity and fixed-income securities
Long-term growth
Medium-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Canada Life Global Fixed Income Balanced Fund (Brandywine)
Primarily in equity and fixed income securities located anywhere in the world
Income, preservation of capital and capital growth
Medium to long-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Canada Life Global Value Balanced Fund (Beutel Goodman)
Primarily Canadian, U.S. and international equities and fixed-income securities
Enhance long-term capital value
Medium to long-term investors who can handle stock market volaility and have low to medium risk tolerance
Canada Life Global Focused Growth Balanced Fund
Primarily equity and/or fixed income securities anywhere around the world
Capital growth and current income
Medium to long-term investors who can handle stock and bond market volatility and have low to medium risk tolerance
Canada Life Canadian Fixed Income Balanced Fund
Primarily a combination of fixed-income and equity securities of issuers anywhere in the world
A steady flow of income with reasonable safety of capital
Medium-term investors who can handle stock and bond market volatility and have low risk tolerance
Canada Life Global Growth Balanced Fund (T. Rowe Price)
Primarily a portfolio of equity and fixed income securities anywhere in the world
Capital growth, current income and preservation of capital
Medium-term investors who can handle stock and bond market volatility and have medium risk tolerance

Get mutual fund facts and details

It’s important to make informed financial decisions with the help of your advisor. Through Fundata, you can learn more about our funds with these reports:

  • Check the historical performance of your specific fund, under Resources, select the first icon
  • Explore the top holdings of a specific fund, plus it’s risk rating, and asset, geographic and sector allocations, under Resources select the second icon
  • Access the fund facts for your specific mutual fund with performance history, holdings, risks and costs, under Resources select the third icon
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Detailed fund information

Get legal and regulatory disclosure documents about Canada Life Mutual Funds and Canada Life Pathways funds. Your advisor can help you understand what this information means.

Meet our fund managers

It’s important to know who is managing your money. Our mutual fund managers are regularly reviewed and monitored for corporate structure, compliance processes, investment style and risk and investment performance. 

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Talk to an advisor to start investing today.

Canada Life Mutual Funds and Canada Life Pathways funds available through a mutual fund managed by Mackenzie Financial Corporation offered exclusively through Quadrus Investment Services Ltd. Make your investment decisions wisely. Important information about mutual funds is found in the Fund Facts document. Please read this carefully before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.