Fund details

Cohort/Class Type
Date of Birth Ranges
Class
Fund Codes
NAV
Current Yield
Mgmt. Fee
Decumulation cohort 4
1954 to 1956
Class F4
PFC9401
$98.60
6.24%
0.60%
Decumulation cohort 3
1951 to 1953
Class F3
PFC9301
$100.00*
6.50%
0.60%
Decumulation cohort 2
1948 to 1950
Class F2
PFC9201
$100.00*
6.90%
0.60%
Decumulation cohort 1
1945 to 1947
Class F1
PFC9101
$98.30
7.53%
0.60%
Accumulation
Eligible for individual investors of any age below the date of birth ranges listed above.
Class Accumulator F
PFC9001
$101.67
N/A
0.60%
Accumulation
Eligible for individual investors of any age below the date of birth ranges listed above.
Class Accumulator FT5
PFC9006
$100.00*
N/A
0.60%

*Starting NAV

In order to appropriately pool the longevity risk, the Longevity Pension Fund groups investors into cohorts of people with three-year age brackets—for example, people born from 1954-1956. While the Fund’s assets are managed as a single portfolio, distribution rates are determined for each cohort independently. Investors who invest in the Fund before they turn 65 are eligible for the Accumulation Class and will switch to join a Decumulation Class and respective cohort when they turn 65.

Additional details

Decumulation Class
Accumulation Class

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    How to Invest

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    Disclaimer

    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.