Life cycle funds update - January 2007
Well, it has been just over a year since life cycle funds burst onto the scene in Canada. Life cycle funds are
essentially one decision balanced investment portfolios that begin with a strong growth bias, and become more
conservative as they approach their maturity date, which is usually selected to match your retirement date.
Last year, we wrote that we really liked the concept and that with the history of success that these funds have
had in the US and abroad, they would likely find favour in Canada. Indeed over a billion dollars has moved into
these funds in the last year and more companies are offering them. Scotia and Fidelity are the market share leaders,
with solid performance, and the much smaller funds offered by the Ethical family of funds have been surprise
performers. The guaranteed funds offered by Clarington have been the performance laggards, but if you want a
guarantee, you would expect to pay a little more for that!
Life cycle funds are now offered by half a dozen fund companies. Here is a list of performance. Please note that
any of these funds can be held in your ScotiaMcLeod account, and many are available for Pre Authorized Contribution
plans, and/or with no loads. Please contact us for details and recommendations for your
situation.
| IA Clarington Target Click 2010 | 2010TargetDate | 3.40 | 3.60 | 4.10 | 2.22 | 500 | 1.89 | | Fidelity ClearPath 2010 Sr B | 2010TargetDate | 0.00 | 3.40 | | | 500 | 1.97 | | Fidelity ClearPath 2010 Sr A | 2010TargetDate | -0.20 | 3.20 | | | 500 | 2.16 | | Ethical Advantage 2010 | 2010TargetDate | -0.70 | 2.40 | | | 500 | 2.09 | | LifePointsŪ 2010 Portfolio | 2010TargetDate | -1.30 | 2.30 | | | 5,000 | 2.34 | | Scotia Vision Conserv 2010 Port | 2010TargetDate | -1.90 | 2.20 | | | 2,500 | 1.81 | | Scotia Vision Aggressive 2010 Port | 2010TargetDate | -2.60 | 1.70 | | | 2,500 | 2.04 | | Fidelity ClearPath 2015 Sr B | 2015TargetDate | -0.30 | 3.30 | | | 500 | 2.11 | | Fidelity ClearPath 2015 Sr A | 2015TargetDate | -0.50 | 3.20 | | | 500 | 2.31 | | IA Clarington Target Click 2015 | 2015TargetDate | 1.20 | 3.10 | 6.00 | 4.79 | 500 | 2.52 | | Ethical Advantage 2015 | 2015TargetDate | -2.60 | 2.00 | | | 500 | 2.10 | | Scotia Vision Conserv 2015 Port | 2015TargetDate | -3.00 | 1.70 | | | 2,500 | 1.89 | | Scotia Vision Aggressive 2015 Port | 2015TargetDate | -4.00 | 1.30 | | | 2,500 | 2.06 | | Fidelity ClearPath 2030 Sr B | 2020+TargetDate | -0.80 | 4.00 | | | 500 | 2.25 | | Fidelity ClearPath 2035 Sr B | 2020+TargetDate | -1.00 | 3.90 | | | 500 | 2.25 | | Fidelity ClearPath 2045 Sr B | 2020+TargetDate | -1.00 | 3.90 | | | 500 | 2.29 | | Fidelity ClearPath 2040 Sr B | 2020+TargetDate | -1.10 | 3.90 | | | 500 | 2.29 | | Fidelity ClearPath 2030 Sr A | 2020+TargetDate | -1.00 | 3.80 | | | 500 | 2.43 | | Fidelity ClearPath 2025 Sr B | 2020+TargetDate | -0.60 | 3.70 | | | 500 | 2.20 | | Fidelity ClearPath 2040 Sr A | 2020+TargetDate | -1.30 | 3.70 | | | 500 | 2.47 | | Fidelity ClearPath 2045 Sr A | 2020+TargetDate | -1.30 | 3.70 | | | 500 | 2.47 | | Fidelity ClearPath 2035 Sr A | 2020+TargetDate | -1.20 | 3.60 | | | 500 | 2.44 | | Fidelity ClearPath 2025 Sr A | 2020+TargetDate | -0.80 | 3.50 | | | 500 | 2.40 | | Ethical Advantage 2030 | 2020+TargetDate | -6.90 | 0.60 | | | 500 | 2.43 | | Ethical Advantage 2040 | 2020+TargetDate | -7.50 | 0.50 | | | 500 | 2.43 | | Scotia Vision Conserv 2030 Port | 2020+TargetDate | -5.80 | 0.40 | | | 2,500 | 2.28 | | Scotia Vision Aggressive 2030 Port | 2020+TargetDate | -6.30 | 0.10 | | | 2,500 | 2.40 | | IA Clarington Target Click 2025 | 2020+TargetDate | -6.30 | -0.30 | 7.10 | 8.97 | 500 | 2.82 | | LifePointsŪ 2030 Portfolio | 2020+TargetDate | -10.40 | -1.90 | | | 5,000 | 2.35 | | Fidelity ClearPath 2020 Sr B | 2020TargetDate | -0.30 | 3.70 | | | 500 | 2.15 | | Fidelity ClearPath 2020 Sr A | 2020TargetDate | -0.50 | 3.50 | | | 500 | 2.35 | | LifePointsŪ 2020 Portfolio | 2020TargetDate | -3.60 | 1.60 | | | 5,000 | 2.35 | | Scotia Vision Conserv 2020 Port | 2020TargetDate | -3.50 | 1.30 | | | 2,500 | 2.00 | | Ethical Advantage 2020 | 2020TargetDate | -5.40 | 0.90 | | | 500 | 2.34 | | IA Clarington Target Click 2020 | 2020TargetDate | -4.00 | 0.70 | 6.60 | 7.62 | 500 | 2.57 | | Scotia Vision Aggressive 2020 Port | 2020TargetDate | -5.20 | 0.60 | | | 2,500 | 2.12 |
36 Funds Returned For Periods Ending: 3/31/2008 Source: Morningstar Click on a fund name for more information on that fund. We regret that performance information is not currently available for all funds. * Risk is the volatility of returns, see risk calculations.
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