Carl & Allan's Recommended Funds

Your Personal RRSP Plan has a wide variety of investment options. These include over 2,500 different Mutual Funds (virtually all with NO front or rear-end load), ETFs, Stocks, Bonds, GICs, and much more. To make it simple for you, your Investment Advisors have prepared a list of recommended investments. Simply select your investments funds from the list below, then enter them on your application form. (Here's how we select recommended funds...)

Please note, this is just a guideline — every client's situation is unique. If you are not sure about which investments are right for you, just call us at 1-800-387-9273 or email us at spiessmcgladeteam@scotiamcleod.com.

Life cycle funds

Our top recommendation for most payroll and pre-authorized contribution plans are "Life Cycle" or "Target Date" funds. These funds automatically rebalance over time. They become more conservative (and management fees decrease) as you approach retirement. Our favourites are the Fidelity Clearpath Funds.

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity ClearPath Income Port Series B	FID777	1.36	4.02	6.58	2.82	na	3.99
Fidelity ClearPath 2015 Port Series B	FID715	0.25	4.36	8.01	2.18	na	5.96
Fidelity ClearPath 2020 Port Series B	FID702	0.13	4.79	9.48	1.94	na	7.39
Fidelity ClearPath 2025 Port Series B	FID725	-1.36	4.56	9.69	1.72	na	8.34
Fidelity ClearPath 2030 Port Series B	FID730	-2.11	4.44	10.42	1.21	na	9.58
Fidelity ClearPath 2035 Port Series B	FID735	-3.52	4.11	10.59	0.98	na	10.53
Fidelity ClearPath 2040 Port Series B	FID740	-3.75	4.04	10.81	0.84	na	10.90
Fidelity ClearPath 2045 Port Series B	FID745	-4.13	3.98	10.87	0.82	na	11.14

Equity Funds

We recommend equities (stocks) due to their high historical growth for a long-term, somewhat aggressive position. These are some of our recommendations:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
AGF Canadian Stock	AGF781	-12.45	-3.43	4.18	-3.88	3.28	12.60
IA Clarington Canadian Small Cap A	CCM520	-3.30	4.93	12.59	0.83	10.95	13.08
Northwest Canadian Equity	NWT108	-5.70	4.10	10.84	-3.05	3.55	14.32
Scotia Canadian Index	BNS381	-9.59	2.62	12.26	0.59	6.13	14.87
CI Canadian Investment	CIG7420	-12.63	-0.56	8.06	-1.47	5.95	15.63
Fidelity Canadian Opportunities Sr B	FID215	-10.11	6.00	21.78	5.18	8.97	16.23
Bissett Canadian Equity Class A	TML202	-6.94	4.77	15.05	0.33	4.82	16.31
Acuity All Cap 30 Canadian Equity	AGF9443	-24.86	-5.38	16.26	-5.48	7.90	22.69

Balanced Funds

People selecting from this group generally want to hold more conservative RRSP investments. Balanced funds generally have lower risk than equity funds, because they hold a blend of stocks and bonds. Ideal for an all-in-one investment or to balance existing portfolios:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Scotia Diversified Monthly Income	BNS339	0.26	4.64	8.73	2.69	na	6.43
Invesco Canadian Balanced	AIM597	-4.80	1.57	4.31	-0.14	4.34	6.97
Manulife Monthly High Income	MMF583	1.36	4.95	10.44	2.14	7.75	6.98
TD Monthly Income - A	TDB821	3.60	6.66	14.13	3.26	na	8.25
Dynamic Blue Chip Balanced	DYN202	-1.74	3.73	7.56	2.25	5.89	8.60
Fidelity Canadian Asset Alloc Sr B	FID281	-5.33	1.99	9.09	2.15	5.42	10.00
Dynamic Power Balanced	DYN001	-13.70	-1.04	9.77	2.12	7.34	11.61
CI Harbour Growth & Income	CIG691	-8.07	-0.35	6.37	0.06	4.86	11.80

Bond Funds

As you approach retirement, bond funds can provide stable income. However, yields have been so low lately that bonds or GICs might be a better option for any lump sum purchase:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity Canadian Short-Term Bond Sr B	FID285	3.74	3.45	3.76	3.89	3.71	1.76
PH&N Bond C	PHN3110	7.74	7.00	7.68	na	na	3.04
Mac Sentinel Bond	MFC3769	7.49	6.71	6.25	5.16	4.93	3.10
Scotia Canadian Income	BNS377	7.60	7.03	7.67	4.83	5.22	3.12
Bissett Bond Class A	TML200	7.24	6.66	6.59	4.53	4.93	3.53

Short Term (Cash Equivalents)

Ideal for clients considering withdrawing from their RRSP in the short-term (e.g. for a first-time homebuyers withdrawal). The following are historical yields. For current yields, see the Scotia Mutual Funds price page:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Scotia T-Bill	BNS358	0.30	0.20	0.17	1.07	1.39	0.04
Scotia Money Market	BNS357	0.35	0.25	0.30	1.39	1.66	0.07

Global Funds

Remember, Canadian markets make up only 3% of world equities. Ensure you have exposure to the other 97%. Our favourites include:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity NorthStar Sr B	FID253	-9.15	0.63	7.95	-3.65	na	11.73
Capital Intl-Global Equity Series A	CIF843	-5.11	1.48	6.15	-3.58	na	12.71
Templeton International Stock	TML735	-11.78	-5.90	2.17	-7.39	-1.21	15.59
Manulife World Investment Class	MMF8521	-8.82	-0.73	6.42	-4.94	na	15.65
Mac Cundill Value Series C	MFC736	-16.08	-4.14	1.76	-5.05	2.04	16.80
Templeton Global Smaller Companies	TML707	-22.86	-4.55	11.26	-4.83	3.16	19.41

Note: Templeton Growth and AGF International Stock Class have been placed on performance watch.

Non-Registered/Taxable Accounts

We recommend the following funds, as well as the above global funds, for non-registered accounts:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Dynamic Dividend	DYN048	6.80	8.81	11.81	2.20	7.25	9.92
Scotia Canadian Dividend	BNS385	-4.78	2.79	10.02	0.50	6.59	13.12

For Periods Ending: 12/31/2011

Click on a fund name for more information on that fund.

PDF version of this list (63kb)

* Risk is the volatility of returns, see risk calculations.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) including changes in (share or unit) value and reinvestment of all (dividends or distributions) and does (do) not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. See more disclaimers ...