Managed by Quadravest Capital Management Inc., Canadian Life Companies Split Corp. operates as a closed-end equity mutual fund. It allocates capital to publicly traded Canadian companies, specifically targeting enterprises within the life insurance sector. The fund primarily invests in the equities of four major publicly listed life insurers: Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. Portfolio construction involves comprehensive fundamental analysis, evaluating factors such as a company's past earnings, relative price-to-earnings multiples, cash flow generation, dividend yield, market standing, and future growth prospects. Its performance is benchmarked against the S&P TSX Financial Index. Canadian Life Companies Split Corp. was formed in Canada on April 18, 2005.