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 April 1, 2040.

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 facts (2019-12-31)

Inception date

2015-01-02

Asset class

Tactical Balanced

Income distribution

Annually

Issue Period

January 2, 2015 to March 31, 2015

Accumulation Phase

April 1, 2015 to March 31, 2020

Distribution Phase

April 1, 2020 to March 31, 2040

Target End Date

April 1, 2040

Minimum investment

$500 initial / $25 additional

Growth of $10,000