Fixed income 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.

What are fixed income funds?
Fixed income funds generally limit risk by investing in government or corporate bonds, but this could mean smaller returns than what’s possible with a riskier fund.
Fixed income funds you can choose from
Fund name | What it invests in |
Fund objective | Ideal investor |
---|---|---|---|
Canada Life Money Market Fund |
Primarily Canadian money market instruments such as treasury bills and short-term government and corporate debt |
Maximize income while preserving capital and maintaining liquidity |
Short-term investors who have a low risk tolerance |
Canada Life Short Term Bond Fund | Primarily high-quality, short-term fixed income securities issued by Canadian federal, provincial or municipal governments or by Canadian corporations |
Income |
Short-term investors who can handle bond market volatility and have a low risk tolerance |
Canada Life Core Bond Fund |
Primarily in Canadian government and investment grade corporate bonds |
Interest income and moderate capital growth |
Short to medium-term investors who can handle bond market volatility and have a low risk tolerance |
Canada Life Core Plus Bond Fund |
A combination of Canadian government and corporate bonds of various terms, debentures, notes, mortgages and other income-producing securities |
Maximize income consistent with prudent levels of risk |
Short to medium-term investors who can handle bond market volatility and have a low risk tolerance |
Canada Life Corporate Bond Fund |
Primarily in investment grade, Canadian corporate bonds |
A high level of coupon interest income consistent with reasonable safety of capital |
Short to medium-term investors who can handle bond market volatility and have low risk tolerance |
Canada Life North American High Yield Fixed IncomeFund |
Primarily in higher yielding fixed-income securities of corporate issuers |
Generate above-average income with potential for long-term capital growth |
Medium-term investors who can handle bond market volatility and have low to medium risk tolerance |
Canada Life Floating Rate Income Fund | Primarily in floating-rate debt obligations and other floating-rate debt instruments of issuers anywhere in the world | Generate current income | Short to medium-term investors who can handle bond market volatility and have low to medium risk tolerance |
Canada Life Canadian Tactical Bond Fund | Primarily Canadian and foreign fixed income securities | Income, capital preservation and modest capital appreciation | Medium to longer term investors who can handle bond market volatility and have low risk tolerance |
Canada Life Unconstrained Fixed Income Fund | Primarily fixed-income securities of issuers anywhere in the world and derivative instruments | Provide a positive total return over a market cycle regardless of market conditions | Medium-term investors who can handle bond market volatility and have low risk tolerance |
Canada Life Global Multi-Sector Bond Fund | Primarily a global multi-sector bond portfolio | Provide high income and return | Medium term investors who can handle bond market volatility and have low to medium risk tolerance |
Canada Life Pathways Core Bond Fund | Primarily Canadian government and investment grade corporate bonds | Provide interest income and the potential for moderate capital appreciation | Short to medium-term investors who can handle bond market volatility and have low risk tolerance |
Canada Life Pathways Core Plus Bond Fund | Primarily Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year | Provide a steady flow of income | Short to medium-term investors who can handle bond market volatility and have low risk tolerance |
Canada Life Pathways Global Core Plus Bond Fund | Primarily fixed-income securities issued by companies or governments of any size, anywhere in the world | Generate income and long-term capital growth |
Short to medium-term investors who can handle bond market volatility and have low risk tolerance |
Canada Life Pathways Global Multi Sector Bond Fund | Mainly fixed income securities of issuers anywhere in the world | Generate a high level of income over a full market cycle, regardless of market conditions, with a secondary objective of capital preservation | Medium-term investors who can handle bond market volatility and have low 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
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.

Explore more types of mutual funds
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.