Overview
How This Account Works
This account is linked to the performance of the Performax Gold Investment Fund. When you invest in this account, you do not acquire an interest in this designated fund or purchase any units or legal interest in any security.
Account Details
| Inception date | May 24, 2014 |
|---|---|
| Asset class | Balanced Funds |
Contract Interest Guarantees
The rate of return for this account will be 3.17% until March 30, 2026.
Underlying Fund Objective
The Performax Gold Investment Fund (PGIF) account is based on the performance of the Performax Gold Investment Fund. The PGIF is a diversified portfolio of assets, managed by Manulife's investment professionals. The fund targets an allocation of approximately 60% of fixed income assets, and 40% non-fixed assets. Manulife smooths the yield of the PGIF to reduce volatility which over time, helps reduce the volatility of the policy values.
Designated Fund Details
| Fund name | Performax Gold Investment Fund |
|---|---|
| Inception date | October 1, 2007 |
| Cash Value | $3.35 billion |
| Number of Positions | 1 |
Performance
Performance of Performax Gold Investment Fund Account
Calendar Returns (%)
Manulife UL (1.50%*)
| 2022 | 3.29 |
|---|---|
| 2023 | 3.66 |
| 2024 | 3.17 |
| 2025 | 3.17 |
Performance of Performax Gold Investment Fund
Growth of $10,000 since inception ±
Calendar Returns (%)
| 2017 | 4.00 |
|---|---|
| 2018 | 3.94 |
| 2019 | 4.37 |
| 2020 | 4.07 |
| 2021 | 4.79 |
| 2022 | 5.16 |
| 2023 | 4.67 |
| 2024 | 4.67 |
Portfolio Allocation as of December 31, 2024
Asset Allocation (%)
| Name | Weight % |
|---|---|
| Public Bonds | 34.40% |
| Private Equity | 19.40% |
| Mortgages | 17.30% |
| Public Equity | 13.30% |
| Real Estate | 10.10% |
| Private Placement and Debt | 5.50% |
Geographic Allocation (%)
| Name | Weight % |
|---|---|
| Canada | 100.00% |
Top 10 Bond Holdings (%)
| Name | Weight % |
|---|---|
| Province of Newfoundland and Labrador | 8.30% |
| Province of New Brunswick | 8.00% |
| Province of Ontario | 5.90% |
| Province of Alberta | 5.30% |
| INCHCAPE PLC | 5.20% |
| Province of Quebec | 5.10% |
| Traton Finance Luxembourg SA | 4.20% |
| VAR ENERGI ASA | 3.60% |
| Telus Corp | 3.40% |
| Intact Financial Corp | 2.90% |
Top 10 Equity Holdings (%)
| Name | Weight % |
|---|---|
| Royal Bank of Canada | 19.00% |
| Shopify Inc. | 14.30% |
| Toronto-Dominion Bank | 10.30% |
| Enbridge Inc. | 10.30% |
| Brookfield Corporation | 9.20% |
| Bank of Montreal | 7.90% |
| Canadian Pacific Kansas City Ltd. | 7.50% |
| Bank of Nova Scotia | 7.40% |
| Canadian Natural Resources Ltd | 7.30% |
| Constellation Software Inc | 6.80% |