Fund overview & performance

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Canada Life Mutual Funds

CAN Fidelity Multi-Asset Innovation 75/75 (PS1)

April 30, 2026

This segregated fund invests primarily in foreign equities and fixed income securities currently through the Fidelity Multi-Asset Innovation Fund. On or about May 8, 2026, this fund's name was changed to Fidelity Multi-Asset Innovation from Global Growth Balanced and Fidelity Investments Canada ULC assumed portfolio management responsibilities from T. Rowe Price (Canada), Inc. With this change, the fund changed from investing in several underlying funds to investing in Fidelity Multi-Asset Innovation Fund, and the risk rating was changed from "Low to moderate" to "Moderate". The performance prior to the above dates were achieved under previous manager and/or investment objective.

Is this fund right for you?

  • A person who is investing for the medium to longer term, wants exposure to bonds and stocks and is comfortable with moderate risk.
  • Since the fund invests in stocks and bonds anywhere in the world, its value is affected by changes in the interest rates and by stock prices which can rise and fall in a short period of time.

RISK RATING

Risk Rating: Moderate

How is the fund invested? (as of March 31, 2026)

Asset allocation (%)
Name Percent
Foreign Bonds 38.9
US Equity 34.1
International Equity 21.4
Cash and Equivalents 3.3
Canadian Equity 2.3
Income Trust Units 0.2
Domestic Bonds 0.1
Other -0.3
Geographic allocation (%)
Name Percent
Canada 43.1
United States 30.9
Japan 2.7
Germany 2.2
Netherlands 1.8
United Kingdom 1.7
Taiwan 1.6
Brazil 1.6
China 1.6
Other 12.8
Sector allocation (%)
Name Percent
Fixed Income 39.4
Technology 24.5
Financial Services 9.4
Healthcare 4.0
Industrial Goods 3.7
Energy 3.5
Cash and Cash Equivalent 3.3
Consumer Services 2.9
Consumer Goods 2.3
Other 7.0

Growth of $10,000 (since inception)

Period:

For the period 05/11/2020 through 04/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $14,294

Fund details (as of March 31, 2026)

Top holdings (%)
Top holdings Percent (%)
CAD Currency 38.3
GBP IRS 3/23/28 REC FIX 20260323 4.27% 23-Mar-2028 3.5
NVIDIA Corp 3.2
USD ZCIS 4/29/28 REC CPI 20250429 318.99% 29-Apr-2028 2.5
Apple Inc 2.4
CANADA T-BILL 20250521 0.00% 20-May-2026 2.4
KRW IRS 12/10/2028 REC FIX 20251210 3.05% 10-Dec-2028 2.3
USD ZCIS 4/10/30 REC CPI 20250410 318.09% 10-Apr-2030 2.3
Alphabet Inc Cl C 2.2
Microsoft Corp 1.8
Total allocation in top holdings 60.9
Portfolio characteristics
Portfolio characteristics Value
Standard deviation 7.58%
Dividend yield 1.18%
Yield to maturity 4.51%
Duration (years) 5.03%
Coupon -
Average credit rating Not rated
Average market cap (million) $1,211,323.5

Understanding returns

Annual compound returns (%)

Short term
1 MO 3 MO YTD 1 YR
5.34 0.44 2.91 13.30
Long term
3 YR 5 YR 10 YR INCEPTION
10.95 2.72 - 6.17

Calendar year returns (%)

2025 - 2022
2025 2024 2023 2022
5.77 16.27 13.75 -22.41
2021 - 2018
2021 2020 2019 2018
4.11 - - -

Range of returns over five years (June 01, 2020 - April 30, 2026)

Best return / Worst return
Best return Best period end date Worst return
Worst period end date
4.66% Oct 2025 2.00% Mar 2026
Summary
Average return % of periods with positive returns Number of positive periods Number of negative periods
3.39% 100 12 0
Period:
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CAN Fidelity Multi-Asset Innovation 75/75 (PS1)

CAN Fidelity Multi-Asset Innovation 75/75 (PS1)

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ID Effective date Price ($) Income Capital gain Total distribution