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

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 net 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 the Bank of Montreal.
The charts below give you a snapshot of the fund’s investments on June 27, 2014. The fund’s investments will change.


Fund facts (2019-10-31)

Inception date

2014-07-02

Asset class

Tactical Balanced

Income distribution

Annually

Issue Period

July 2, 2014 to September 30, 2014

Accumulation Phase

October 1, 2014 to September 30, 2019

Distribution Phase

October 1, 2019 to September 30, 2039

Target End Date

October 1, 2039

Minimum investment

$500 initial / $25 additional

Growth of $10,000