Overview
Daily NAV
$12.25
0.50% $0.06
October 9, 2026
-
Inception DateMay 29, 2023
-
Net Assets$25.39 million
-
Fund Manager 1The Empire Life Insurance Company
-
Secondary Fund ManagerCanoe Financial LP
-
Min. Investment$1,000 initial, $50 per fund
-
MER3.01%
-
Asset classGlobal Neutral Balanced
-
Management Fee2.20%
Risk: Low to Medium
Low
Low To Medium
Medium
Medium 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 | Front-end load | Low load * | No load | Deferred Sales Charge * |
|---|---|---|---|---|
| Class L | ECF12002 | ECF12202 | ECF12302 | ECF12502 |
- * NOTE: Effective May 29, 2023, the Deferred Sales Charge (DSC) and Low Load (LL) Purchase Fee Options are no longer available for new deposits. Switches between funds purchased with the same Purchase Fee Option will continue to be allowed.
Performance As at September 30, 2026
Growth of $10,000
Investment value:
$12,183.02
at
September 30, 2026
Compound Returns 2
| Series | 1 mth | 3 mths | 6 mths | YTD | 1 year | 3 years | 5 years | 10 years | psi |
|---|---|---|---|---|---|---|---|---|---|
| Empire Life Canoe Balanced Protection Portfolio GIF Class L | -1.87% | -2.01% | 2.55% | 2.08% | 2.32% | 7.31% | — | — | 6.07% |
| Series | Empire Life Canoe Balanced Protection Portfolio GIF Class L |
|---|---|
| 1 mth | -1.87% |
| 3 mths | -2.01% |
| 6 mths | 2.55% |
| YTD | 2.08% |
| 1 year | 2.32% |
| 3 years | 7.31% |
| 5 years | — |
| 10 years | — |
| psi | 6.07% |
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 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Empire Life Canoe Balanced Protection Portfolio GIF Class L | — | — | — | — | — | — | — | — | 8.24% | 5.78% |
| Series | Empire Life Canoe Balanced Protection Portfolio GIF Class L |
|---|---|
| 2016 | — |
| 2017 | — |
| 2018 | — |
| 2019 | — |
| 2020 | — |
| 2021 | — |
| 2022 | — |
| 2023 | — |
| 2024 | 8.24% |
| 2025 | 5.78% |
Portfolio Allocations As at August 31, 2026
Sector Allocation
| Colours | Name | Weight |
|---|---|---|
| Financials | 17.73% | |
| Information Technology | 17.66% | |
| Industrials | 17.30% | |
| Energy | 14.07% | |
| Consumer Discretionary | 9.22% | |
| Health Care | 7.98% | |
| Materials | 6.74% | |
| Communication Services | 4.37% | |
| Consumer Staples | 4.17% | |
| Utilities | 0.77% |
Geographic Allocation
| Colours | Name | Weight |
|---|---|---|
| United States | 60.22% | |
| Canada | 39.35% | |
| United Kingdom | 2.65% | |
| Japan | 2.63% | |
| Taiwan | 1.33% | |
| Switzerland | 0.99% | |
| France | 0.95% | |
| Netherlands | 0.78% | |
| Germany | 0.63% | |
| Brazil | 0.61% | |
| Other | 1.80% |
Credit Ratings
| Colours | Name | Weight |
|---|---|---|
| AAA | 10.66% | |
| AA | 20.53% | |
| A | 16.60% | |
| BBB | 18.87% | |
| BB | 2.75% | |
| B | 0.46% | |
| NR (Non-rated) | 30.12% |
Asset Allocation
| Colours | Name | Weight |
|---|---|---|
| U.S. Bonds | 27.85% | |
| U.S. Equity | 25.69% | |
| Canadian Bonds | 18.04% | |
| Canadian Equity | 11.94% | |
| International Equity | 9.66% | |
| Cash and Equivalents | 5.95% | |
| International Bond Funds | 0.87% | |
| Other | 0.00% |
Currency Allocation
| Colours | Name | Weight |
|---|---|---|
| United States dollar | 62.88% | |
| Canadian dollar | 39.28% | |
| Euro | 2.68% | |
| Japanese yen | 2.63% | |
| Pound sterling | 2.33% | |
| Swiss franc | 0.94% | |
| Brazilian real | 0.61% | |
| Danish krone | 0.33% | |
| Hong Kong dollar | 0.16% | |
| Singapore dollar | 0.09% | |
| Other | 0.00% |
Bond Term Allocation
| Colours | Name | Weight |
|---|---|---|
| Between 5 and 10 years | 36.74% | |
| More than 20 years | 27.68% | |
| Between 1 and 5 years | 26.78% | |
| Between 10 and 20 years | 8.80% |
Top 10 Holdings
| Name | Weight |
|---|---|
| ROYAL BK OF CAD 2.15% 01SEP26 TD | 3.63% |
| United States Treasury Bill | 3.23% |
| United States Treasury Bond, 3.00%, 2052/08/15 | 1.79% |
| Microsoft Corporation | 1.60% |
| United States Treasury Bond, 3.63%, 2053/05/15 | 1.60% |
| Canadian National Railway Co. | 1.36% |
| Tourmaline Oil Corp. | 1.34% |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 1.33% |
| United States Treasury Bond, 3.88%, 2034/08/15 | 1.28% |
| Visa Inc., Class 'A' | 1.18% |
Underlying Fund Holdings
| Name | Weight |
|---|---|
| Canoe Equity Portfolio Class | 19.33% |
| Canoe Bond Advantage Fund | 19.32% |
| Canoe Global Income Fund | 19.28% |
| Empire Life Global Equity GIF | 19.21% |
| Empire Life Strategic Corporate Bond GIF | 9.67% |
| Canoe Global Equity Fund | 9.66% |
| ROYAL BK OF CAD 2.15% 01SEP26 TD | 3.42% |