Investor suitability

For those who:

• are preparing for retirement, are retired, and/or want predictable and sustainable cash flow for a 20 year period commencing in approximately 5 years
• want preservation of capital and predictable and consistent cash flow with the potential for capital appreciation over a set period of time
• are investing for the long term
• can tolerate low to medium risk if your investment is redeemed prior to January 2, 2041.

Fund overview

The fund seeks to provide unitholders with guaranteed, sustainable cash flow throughout their retirement years while providing opportunity for capital appreciation. During the initial 5 year accumulation phase and the 20 year distribution phase, the fund will invest in units of underlying funds, exchange traded funds, equity and fixed income securities, cash equivalents as well as derivative instruments in the risk management overlay strategy (together, the “Active Portfolio”). If the fund net assets shift to the protection portfolio, the fund will invest in fixed income securities issued by the Canadian federal and/or provincial governments and cash equivalents (together, the “Protection Portfolio”). A shift of all fund assets into the Protection Portfolio would only occur as a result of a significant decline in interest rates, fund performance, or both during the term of the fund. See the Guarantees section below for further information on the guarantee provided by Bank of Montreal.

Fund/ETF Facts (2024-03-28)

Minimum investment

$500 initial/$25 additional