Overview
Daily NAV
$12.37
-0.22% ($0.03)
August 29, 2025
-
Inception DateMay 29, 2023
-
Net Assets$2.24 million
-
Fund Manager 1The Empire Life Insurance Company
-
Secondary Fund ManagerCanoe Financial LP
-
Min. Investment$1,000 initial, $50 per fund
-
MER1.99%
-
Asset classGlobal Equity Balanced
-
Management Fee1.25%
Risk: Low to Medium
Low
Low To Moderate
Moderate
Moderate To High
High
1 Empire Life Investments Inc. is the Portfolio Manager of certain Empire Life segregated funds and is a wholly owned subsidiary of The Empire Life Insurance Company.
Why Invest
You are seeking long-term capital growth and income through a globally diversified portfolio of equity and fixed income securities and is willing to accept a low to moderate level of risk.
Fund codes
| Series | F-Class/Fee For Service (Nominee Name) | F-Class/Fee For Service (Client Name) |
|---|---|---|
| Class V | ECF12703 | ECF12803 |
Performance As at July 31, 2025
Growth of $10,000
Investment value:
$12,254.79
at
July 31, 2025
Compound Returns 2
| Series | 1 mth | 3 mths | 6 mths | YTD | 1 year | 3 years | 5 years | 10 years | psi |
|---|---|---|---|---|---|---|---|---|---|
| Empire Life Canoe Moderate Growth Protection Portfolio GIF Class V | 0.11% | 4.51% | -0.30% | 2.58% | 5.97% | — | — | — | 9.55% |
| Series | Empire Life Canoe Moderate Growth Protection Portfolio GIF Class V |
|---|---|
| 1 mth | 0.11% |
| 3 mths | 4.51% |
| 6 mths | -0.30% |
| YTD | 2.58% |
| 1 year | 5.97% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
| psi | 9.55% |
2 Annual Compound Returns: Returns under 1 year are simple rates of return. All others are annual compound rates of return. All returns are calculated after taking expenses, management and administration fees into account. Past performance is no guarantee of future performance.
Calendar Returns
| Series | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Empire Life Canoe Moderate Growth Protection Portfolio GIF Class V | — | — | — | — | — | — | — | — | — | 13.39% |
| Series | Empire Life Canoe Moderate Growth Protection Portfolio GIF Class V |
|---|---|
| 2015 | — |
| 2016 | — |
| 2017 | — |
| 2018 | — |
| 2019 | — |
| 2020 | — |
| 2021 | — |
| 2022 | — |
| 2023 | — |
| 2024 | 13.39% |
Portfolio Allocations As at July 31, 2025
Sector Allocation
| Colours | Name | Weight |
|---|---|---|
| Financials | 22.55% | |
| Information Technology | 20.00% | |
| Consumer Discretionary | 13.60% | |
| Energy | 12.24% | |
| Industrials | 8.91% | |
| Health Care | 6.19% | |
| Communication Services | 5.40% | |
| Consumer Staples | 5.29% | |
| Materials | 4.88% | |
| Utilities | 0.94% |
Geographic Allocation
| Colours | Name | Weight |
|---|---|---|
| United States | 57.29% | |
| Canada | 29.10% | |
| United Kingdom | 4.23% | |
| Japan | 2.46% | |
| Taiwan | 2.23% | |
| Switzerland | 2.00% | |
| France | 1.47% | |
| Spain | 1.28% | |
| Ireland | 0.92% | |
| Germany | 0.69% | |
| Other | 2.14% |
Credit Ratings
| Colours | Name | Weight |
|---|---|---|
| AAA | 23.70% | |
| AA | 7.16% | |
| A | 10.86% | |
| BBB | 20.91% | |
| BB | 6.81% | |
| B | 1.48% | |
| NR (Non-rated) | 29.09% |
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| U.S. Equity | 35.69% | |
| U.S. Bonds | 17.97% | |
| Canadian Equity | 16.15% | |
| International Equity | 16.11% | |
| Cash and Equivalents | 9.53% | |
| Canadian Bonds | 7.23% | |
| International Bond Funds | 1.05% | |
| Other | 0.07% |
Currency Allocation
| Colours | Name | Weight |
|---|---|---|
| United States dollar | 63.30% | |
| Canadian dollar | 27.23% | |
| Euro | 4.31% | |
| Pound sterling | 3.65% | |
| Japanese yen | 2.46% | |
| Swiss franc | 2.18% | |
| Danish krone | 0.27% | |
| Brazilian real | 0.20% | |
| Hong Kong dollar | 0.12% | |
| Singapore dollar | 0.08% | |
| Other | 0.00% |
Bond Term Allocation
| Colours | Name | Weight |
|---|---|---|
| Between 5 and 10 years | 33.42% | |
| Between 1 and 5 years | 28.58% | |
| More than 20 years | 26.85% | |
| Between 10 and 20 years | 11.15% |
Top 10 Holdings
| Name | Weight |
|---|---|
| Microsoft Corp. | 2.98% |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 2.23% |
| United States Treasury Bill, 8/14/2025 | 2.17% |
| AutoZone Inc. | 1.61% |
| Wells Fargo & Co. | 1.60% |
| Alphabet Inc., Class 'A' | 1.59% |
| MasterCard Inc., Class 'A' | 1.47% |
| BANK OF MONTREAL TD 2.55% 08/01/2025 | 1.47% |
| Moody's Corp. | 1.43% |
| Tourmaline Oil Corp. | 1.39% |
Underlying Fund Holdings
| Name | Weight |
|---|---|
| Canoe Equity Portfolio Class | 28.75% |
| Empire Life Global Equity GIF | 19.35% |
| Canoe Global Equity Fund | 19.35% |
| Canoe Global Income Fund | 12.18% |
| Empire Life Strategic Corporate Bond GIF | 12.12% |
| Canoe Bond Advantage Fund | 4.86% |