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Life Cycle Funds
 

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.

Mutual FundFund
Type
1
Year
(%)
2
Year
(%)
3
Year
(%)
5
Year
(%)
Min
Invest
($)
MER
IA Clarington Target Click 20102010TargetDate3.403.604.102.225001.89
Fidelity ClearPath 2010 Sr B2010TargetDate0.003.40  5001.97
Fidelity ClearPath 2010 Sr A2010TargetDate-0.203.20  5002.16
Ethical Advantage 20102010TargetDate-0.702.40  5002.09
LifePointsŪ 2010 Portfolio2010TargetDate-1.302.30  5,0002.34
Scotia Vision Conserv 2010 Port2010TargetDate-1.902.20  2,5001.81
Scotia Vision Aggressive 2010 Port2010TargetDate-2.601.70  2,5002.04
Fidelity ClearPath 2015 Sr B2015TargetDate-0.303.30  5002.11
Fidelity ClearPath 2015 Sr A2015TargetDate-0.503.20  5002.31
IA Clarington Target Click 20152015TargetDate1.203.106.004.795002.52
Ethical Advantage 20152015TargetDate-2.602.00  5002.10
Scotia Vision Conserv 2015 Port2015TargetDate-3.001.70  2,5001.89
Scotia Vision Aggressive 2015 Port2015TargetDate-4.001.30  2,5002.06
Fidelity ClearPath 2030 Sr B2020+TargetDate-0.804.00  5002.25
Fidelity ClearPath 2035 Sr B2020+TargetDate-1.003.90  5002.25
Fidelity ClearPath 2045 Sr B2020+TargetDate-1.003.90  5002.29
Fidelity ClearPath 2040 Sr B2020+TargetDate-1.103.90  5002.29
Fidelity ClearPath 2030 Sr A2020+TargetDate-1.003.80  5002.43
Fidelity ClearPath 2025 Sr B2020+TargetDate-0.603.70  5002.20
Fidelity ClearPath 2040 Sr A2020+TargetDate-1.303.70  5002.47
Fidelity ClearPath 2045 Sr A2020+TargetDate-1.303.70  5002.47
Fidelity ClearPath 2035 Sr A2020+TargetDate-1.203.60  5002.44
Fidelity ClearPath 2025 Sr A2020+TargetDate-0.803.50  5002.40
Ethical Advantage 20302020+TargetDate-6.900.60  5002.43
Ethical Advantage 20402020+TargetDate-7.500.50  5002.43
Scotia Vision Conserv 2030 Port2020+TargetDate-5.800.40  2,5002.28
Scotia Vision Aggressive 2030 Port2020+TargetDate-6.300.10  2,5002.40
IA Clarington Target Click 20252020+TargetDate-6.30-0.307.108.975002.82
LifePointsŪ 2030 Portfolio2020+TargetDate-10.40-1.90  5,0002.35
Fidelity ClearPath 2020 Sr B2020TargetDate-0.303.70  5002.15
Fidelity ClearPath 2020 Sr A2020TargetDate-0.503.50  5002.35
LifePointsŪ 2020 Portfolio2020TargetDate-3.601.60  5,0002.35
Scotia Vision Conserv 2020 Port2020TargetDate-3.501.30  2,5002.00
Ethical Advantage 20202020TargetDate-5.400.90  5002.34
IA Clarington Target Click 20202020TargetDate-4.000.706.607.625002.57
Scotia Vision Aggressive 2020 Port2020TargetDate-5.200.60  2,5002.12

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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Call your Investment Team at 1-800-387-9273 or E-mail us at carl_spiess@scotiacapital.com.


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