Canada Life Investment Management Ltd. announces changes to the Counsel Portfolios

LONDON, ON, Oct. 29, 2024 /CNW/ - Canada Life Investment Management Ltd. (CLIML), fund manager for the Counsel Portfolios, today announced changes reflected in the renewal and newly consolidated simplified prospectuses for the Counsel and IPC funds.

The following funds are being renamed effective Oct. 29, 2024. There are no changes to their investment objectives or risk ratings.

Former fund name	New fund name
IPC Monthly Income Portfolio	Counsel Monthly Income Portfolio
IPC Conservative Income Portfolio	Counsel Conservative Income Portfolio
IPC Essentials Income Portfolio	Counsel Essentials Income Portfolio
IPC Essentials Balanced Portfolio	Counsel Essentials Balanced Portfolio
IPC Essentials Growth Portfolio	Counsel Essentials Growth Portfolio
IPC Focus Conservative Portfolio	Counsel Focus Conservative Portfolio
IPC Focus Balanced Portfolio	Counsel Focus Balanced Portfolio
IPC Focus Growth Portfolio	Counsel Focus Growth Portfolio
IPC Focus Equity Portfolio	Counsel Focus Equity Portfolio
IPC Global Income & Growth Portfolio	Counsel Global Income & Growth Portfolio
IPC High Interest Savings Fund	Counsel High Interest Savings Fund
IPC Multi-Factor Canadian Equity*	Counsel Multi-Factor Canadian Equity
IPC Multi-Factor U.S. Equity*	Counsel Multi-Factor U.S. Equity
IPC Multi-Factor International Equity*	Counsel Multi-Factor International Equity

* These funds are not offered under a simplified prospectus.

In addition, the following funds are now available for investors in Quebec:

English fund name	French fund name
Counsel All Equity Portfolio	Portefeuille toutes actions Counsel
Counsel Balanced Portfolio	Portefeuille équilibré Counsel
Counsel Canadian Value	Valeur canadienne Counsel
Counsel Conservative Portfolio	Portefeuille conservateur Counsel
Counsel Global Dividend	Dividende mondial Counsel
Counsel Growth Portfolio	Portefeuille croissance Counsel
Counsel High Yield Fixed Income	Revenu fixe à rendement élevé Counsel
Counsel International Growth	Croissance internationale Counsel
Counsel International Value	Valeur internationale Counsel
Counsel Money Market	Marché monétaire Counsel
Counsel Retirement Accumulation Portfolio	Portefeuille accumulation de retraite Counsel
Counsel Retirement Foundation Portfolio	Portefeuille fondation de retraite Counsel
Counsel Retirement Preservation Portfolio	Portefeuille préservation de retraite Counsel
Counsel Short Term Bond	Obligations à court terme Counsel
Counsel U.S. Growth	Croissance américaine Counsel
Counsel U.S. Growth Equity	Actions américaines de croissance Counsel
Counsel U.S. Value	Valeur américaine Counsel

CIBC Mellon Trust Company has been appointed as the custodian for the Counsel Portfolios, replacing Canadian Imperial Bank of Commerce (CIBC).

These changes do not impact the management of the Counsel Portfolios. No action is required on the part of investors or advisors.

On Oct. 1, CLIML became the manager, trustee, portfolio manager and promoter for the Counsel Portfolios following the amalgamation with Counsel Portfolio Services Inc.

About Canada Life Investment Management Ltd.

Canada Life Investment Management Ltd. (CLIML) is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

SOURCE Canada Life Investment Management Ltd. (CLIML)

For more information, contact: Leezann Freed-Lobchuk, Director, Media Relations, Canada Life, [email protected]