For those who:
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.
July 2, 2014 to September 30, 2014
October 1, 2014 to September 30, 2019
October 1, 2019 to September 30, 2039
October 1, 2039
$500 initial / $25 additional