Universal Life Product Overview & Performance

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Global Balanced

Currently tracking Mackenzie Ivy Global Balanced Fund

September 30, 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 July 31, 2025

Asset Allocation (%)

Asset Percent
US Equity 47.4%
International Equity 24.8%
Foreign Government Bonds 17.8%
Foreign Corporate Bonds 2.8%
Canadian Equity 2.8%
Canadian Corporate Bonds 2.1%
Cash and Equivalents 1.4%
Canadian Bonds - Funds 0.3%
Foreign Bonds - Funds 0.3%
Canadian Government Bonds 0.3%

Sector Allocation (%)

Sector Percent
Fixed Income 23.4%
Healthcare 14.6%
Technology 14.2%
Consumer Services 13.5%
Financial Services 13.0%
Consumer Goods 8.9%
Industrial Goods 5.9%
Industrial Services 5.1%
Cash and Cash Equivalent 1.4%

Geographic Allocation (%)

Region Percent
North America 67.5%
Europe 26.3%
Asia 3.9%
Latin America 1.3%
Multi-National 0.3%
Other 0.7%

Top 10 Holdings (%)

As of July 31, 2025

Name Percent
Microsoft Corp 3.71%
United States Treasury 4.25% 15-May-2035 3.18%
Halma PLC 2.92%
Johnson & Johnson 2.85%
Danaher Corp 2.85%
Alphabet Inc Cl A 2.83%
Brookfield Corp Cl A 2.74%
Amazon.com Inc 2.67%
Berkshire Hathaway Inc Cl B 2.36%
Compass Group PLC 2.29%

Growth of $10,000

As of September 30, 2025

Period:

For the period 09/30/2015 through 09/30/2025 with $10,000 CAD investment, The value of the investment would be $17,761

Calendar Return (%)

As of September 30, 2025

Period 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 16.38 9.45 -10.23 6.47 9.93 10.13 -0.05 5.39 4.03 10.88

Compound Return (%)

As of September 30, 2025

Period 1 mth 3 mths 6 mths 1 yr 3 yr 5 yr 10 yr
Fund 1.05 2.79 3.08 7.36 13.08 5.97 5.93
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)*:

2.32%

Fund Category

Global Equity Balanced

Portfolio Manager

Mackenzie Financial Corporation

Investment Style

Equity

Market Capitalization: Large

Fund Style: Growth

Fixed Income

Duration: Long

Credit Rating: Med

Performance Chart

Period:
Global Balanced

Summary

For the period 09/30/2015 through 09/30/2025 with $10,000 CAD investment

Total returns performance

77.61% Up

Value of $10,000 investment

$17,761.30  CAD