Universal Life Product Overview & Performance

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Global Balanced

Currently tracking Mackenzie Ivy Global Balanced Fund

December 31, 2025

Fund Overview

The underlying fund objective is to seek capital growth and current income by investing primarily in a combination of equity and fixed-income securities of issuers located anywhere in the world.

Risk Rating

This fund's risk rating is Low to Medium

As of October 31, 2025

Asset Allocation (%)

Asset Percent
US Equity 46.5%
International Equity 26.2%
Foreign Government Bonds 17.6%
Canadian Equity 2.5%
Foreign Corporate Bonds 2.2%
Cash and Equivalents 1.9%
Canadian Corporate Bonds 1.6%
Canadian Government Bonds 0.9%
Canadian Bonds - Funds 0.3%
Foreign Bonds - Funds 0.3%

Sector Allocation (%)

Sector Percent
Fixed Income 22.8%
Healthcare 15.0%
Consumer Services 13.7%
Technology 13.6%
Financial Services 12.8%
Consumer Goods 8.5%
Industrial Goods 5.8%
Industrial Services 4.6%
Cash and Cash Equivalent 1.9%
Basic Materials 1.3%

Geographic Allocation (%)

Region Percent
North America 65.4%
Europe 28.4%
Asia 3.4%
Latin America 1.7%
Africa and Middle East 0.6%
Multi-National 0.3%
Other 0.2%

Top 10 Holdings (%)

As of October 31, 2025

Name Percent
Microsoft Corp 3.62%
Alphabet Inc Cl A 3.47%
Danaher Corp 3.13%
Johnson & Johnson 2.88%
Amazon.com Inc 2.80%
Halma PLC 2.79%
Brookfield Corp Cl A 2.48%
Berkshire Hathaway Inc Cl B 2.40%
Abbott Laboratories 2.34%
Colgate-Palmolive Co 2.30%

Growth of $10,000

As of December 31, 2025

Period:

For the period 12/31/2015 through 12/31/2025 with $10,000 CAD investment, The value of the investment would be $17,233

Calendar Return (%)

As of December 31, 2025

Period 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 5.91 16.38 9.45 -10.23 6.47 9.93 10.13 -0.05 5.39 4.03

Compound Return (%)

As of December 31, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund -1.15 0.47 3.28 5.91 10.50 5.22 5.52
Product Current annual LIO admin fee Maximum annual LIO admin fee
Equation Generation IV (Low Fee) 0.00 % 0.00 %
Equation Generation IV (Bonus) 1.75 % 1.75 %
EquiLife 0.00 % 0.00 %
Equation Generation III 2.75 % 2.75 %

Other Fund Information

Product Availabilty

Equation Generation IV
EquiLife
Equation Generation III

Date of Inception:

November 1993

Estimated Management
Expense Ratio (MER)*:

2.33%

Fund Category

Global Equity Balanced

Portfolio Manager

Mackenzie Financial Corporation

Investment Style

Equity

Market Capitalization: Large

Fund Style: Growth

Fixed Income

Duration: Mid

Credit Rating: Med

Performance Chart

Period:
Global Balanced

Summary

For the period 12/31/2015 through 12/31/2025 with $10,000 CAD investment

Total returns performance

72.33% Up

Value of $10,000 investment

$17,232.74  CAD