AS AT 25 Oct 2021
|Cohort/Class Type||Date of Birth Ranges||Class||Fund Codes||NAV||Initial Lifetime Income Target||Yield||Mgmt. Fee|
|Decumulation cohort 4||1954 to 1956||Class F4||PFC9401||$98.96||6.15%||6.21%||0.60%|
|Decumulation cohort 3||1951 to 1953||Class F3||PFC9301|
|Decumulation cohort 2||1948 to 1950||Class F2||PFC9201|
|Decumulation cohort 1||1945 to 1947||Class F1||PFC9101||$98.87||7.40%||7.49%||0.60%|
|Accumulation||Eligible for individual investors of any age below the date of birth ranges listed above.||Class Accumulator FClass Accumulator FT5||PFC9001PFC9006||$100.99|
|Decumulation Class||Accumulation Class|
|Order Cut-Off Time||12:00 PM EST for Redemptions, 2:00 PM EST for Purchases||12:00 PM EST for Redemptions, 2:00 PM EST for Purchases|
|Distribution Frequency||Monthly||Annual, if any Monthly for the T5 series|
|Additional Eligibility||DRIP PACC Registered Accounts Eligible||PACC SWP Registered Accounts Eligible|
|Switch to Decumulation||Investors within the Accumulation Class will automatically switch into a decumulation series on a tax-free basis in the following month after turning 65 years old.|
How to invest in the Longevity Pension Fund
Please see the following list of licensed dealers through whom investments in the Fund can be made*:
Always speak to your advisor before investing. You can contact us with any questions.
* The inclusion of the dealers/platforms above in no way implies endorsement or sponsorship of the Fund. These entities may distribute the fund where appropriate and suitable for their clients. This list is subject to change and may not reflect the most recent list of dealers/platforms.
The Fund has a unique mutual fund structure. . Income in the form of Fund distributions is not guaranteed, and the frequency and amount of distributions may increase or decrease. Most mutual funds redeem at their associated Net Asset Value (NAV). In contrast, redemptions in the decumulation class of the Fund (whether voluntary or at death) will occur at the lesser of NAV or the initial investment amount less any distributions received. You can always access the lesser of unpaid capital (initial value of your investment less any income payments made) or your net asset value. Fees may apply. Please review the prospectus or speak to your advisor for more details.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Investment fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the full amount of your investment in the fund will be returned to you.