Pension funds series Monthly performance update For investments in the CanRetire Flexible Drawdown Plan and CanRetire Pension Investment Plan
This monthly fund performance update is designed give you the latest past performance figures and information on our fund range. Investment choices When making an investment, having a choice which covers the wide range of asset classes and fund types available in the market day is essential. With an extensive range of professionally managed internal and external investment funds choose from, you can construct a portfolio with investment funds from Canada Life or from our chosen fund partners including some of the UK s largest investment groups as well as others who are smaller and take a different approach fund management. Our funds are grouped according the level of volatility they show relative other Canada Life funds, as measured by the monthly standard deviation of returns. Standard deviation gives a guide as the probability of how much a fund price will rise or fall over one month. We have ranked the funds we offer by volatility from lowest highest and divided them in four roughly equal groups. Funds in group 1 have been the least volatile funds over the last three years and funds in group 4 have been the most volatile. is one way of measuring the potential risk of a fund and should not be relied upon in isolation for making investment decisions. The volatility groups given are based on year volatility figures ( the end of the last calendar year) for our Canlife Pension Series 4 funds. For more information about volatility, we have produced two guides; Understanding volatility (reference number MKT81) and Fund volatility and performance (reference number MKT82) both of which can be found on our website. Fund charges (OCF; Ongoing Charges Figure) These are the charges made by the fund manager for the day--day running of the fund. Because we are a large company we can negotiate a discount on the standard charges on behalf of our policyholders. We do not keep any of the discount that we receive from the fund manager and use it reduce the fund charges (the OCF) that our policyholders pay. The OCF is built in the daily unit price which we publish on our website. Risk This update shows how our funds have performed over various periods of time but past performance should not be relied upon as a guide for how a fund may perform in the future. The value of funds can fall as well as rise and depending on market conditions at the time you may not get back the amount that you invested. Although all funds carry an element of risk, some funds have some more specific risks such as property funds or funds which specialise in a narrow range of assets. Where funds invest in assets overseas, changes in currency exchange rates can also affect a fund s value. At the end of this update you will find a notes section after the performance tables which goes in more details about any additional information that you should be aware of. 2
Fund Information Percentage growth figures 1 Ocber 2018 Percentage growth over one year periods last quarter end ABI Secr/Fund name Pension Series Launch date Group OCF % Mths 1 0/09/18 Mixed Investment 0% % Shares Canlife 7IM AAP Income 24-Jul-1 1 0.81-1.42-1.42 14.0-0.72.18 12.99 - - Canlife 7IM AAP Moderately Cautious 2-Mar-1 1 0.9-2. -2.24 7.70-0.94 2.0 10.0 - - Canlife 7IM Personal Injury 24-Jul-1 1 0.9-0.74-0.74 9.27-1.21 2.48 9.2 - - Canlife BlackRock Consensus 2-Mar-1 2 0.2 0.9-0.8 22.0-1.7 1.79 20. - - Canlife Investec Diversified Income 2-Mar-1 1 0.78 0.2 1.81 1.48-2..7 9.82 - - Canlife LF Min Defensive Multi Asset 2-Mar-1 1 0.92-2.1-2.8 10.8-1.27 4. 8. - - Canlife Managed (0%-% Shares) 2-Mar-1 1 0.10-0.2 1.14 1.4 -.1 2.2 10.01 - - Canlife Managed Money Plus 2-Mar-1 1 0.27 0.00 0.7 4.94-1.2 1.1.8 - - Canlife Passive Portfolio 9-Oct-17 1 0.20 0.89 1.0 - - - - - - - Canlife Portfolio 2-Mar-1 1 0.42 0.77 1.0 17.91 -.0 2.04 14.80 - - Mixed Investment 20% 0% Shares Canlife 7IM AAP Balanced 2-Mar-1 2 0.7-2.8-2.0 1. - 2.2.9 1.8 - - Canlife BlackRock Consensus 0 2-Mar-1 2 0.2-0.0-0.91 2.28 -.28.1 19.07 - - Canlife F&C MM Lifestyle Defensive 2-Mar-1 1 1.00-2.0-1.11 1.47 -.48.19 11.1 - - Canlife F&C MM Navigar Distribution 2-Mar-1 1 1.47-1.80-1. 1.77-2.9.1 12.98 - - Canlife F&C MM Navigar Moderate 2-Mar-1 1 1. -.89 -.97 1.2-2.19 7.2 1.1 - - Canlife Fidelity Multi Asset Open Strategic 2-Mar-1 1 1.27-0.94-1.9 19.0-2.2.87 14.72 - - Canlife Investec Cautious Managed 2-Mar-1 2 0.7-2.07-2.8 18.74 - -1.71 9.87 1.4 - - Canlife Janus Henderson Cautious Managed 2-Mar-1 1 0.72-2.8-1.18 12.72-1.92.80 8.1 - - Canlife Jupiter Merlin Income Portfolio 2-Mar-1 2 1.48-0.1-0.44 1.04 -.92 7.4 10.2 - - Canlife LF Min Cautious Multi Asset 2-Mar-1 2 0.82-4.4-4.97 1.0-2.9 8.0 12.72 - - Canlife LF Seneca Diversified Income 2-Mar-1 2 1.20-1.21-1.8 21.0-1.14 12.81 10.8 - - Canlife Managed (20%-0% Shares) 2-Mar-1 1 0.7-0.1 1.00 19.19-4.4 4.8 14.2 - - Canlife Managed (0% Shares) 2-Mar-1 1 0. -1.4-0.77.12-2.7 4.49 1.14 - - Canlife Passive Portfolio 4 9-Oct-17 1 0.21 0.0 1.10 - - - - - - - Canlife Portfolio 4 2-Mar-1 1 0.49 0.17 0.9 19.70-4.29 4.77 14.2 - - Mixed Investment 40% 8% Shares Canlife 7IM AAP Moderately Adventurous 2-Mar-1 0. -.2-1.88 18.92-4.87 9.11 1.21 - - Canlife BlackRock Consensus 70 2-Mar-1 2 0.2-0.49-0.81 2.0-4.14.90 19.4 - - Canlife BlackRock Consensus 8 2-Mar-1 2 0.22-0.47-0.9 0.8 -.0 10.19 21.40 - - Canlife F&C MM Lifestyle Balanced 2-Mar-1 2 1.04-4.7 -.21 22.4 -.22 10.72 1. - - Canlife F&C MM Lifestyle Cautious 2-Mar-1 2 1.02 -.17-1.98 19.22-4.7 9.02 1.47 - - Canlife F&C MM Navigar Progressive 2-Mar-1 2 1.79 -.9 -.9 19.88-2.8 10.9 1.89 - - Canlife Fidelity Multi Asset Open Growth 2-Mar-1 2 1.7-1.81-2.0 2.8-4.02 9.14 18.40 - - Canlife Invesco Managed Income 2-Mar-1 2 1.08 -.81-4.74 20.7-2.04 12.1 1.88 - - Canlife Janus Henderson Multi- Manager Managed 2-Mar-1 2 1.4-2.9-2.8 22.28-4.77 9.2 1.94 - - Canlife Jupiter Merlin Balanced Portfolio 2-Mar-1 2 1. 0.08 0.79 28.0-8.48 8.9 19.11 - - Canlife LF Seneca Diversified Growth 2-Mar-1 2 1.28-1.9-2.0 2.4-2.8 1.04 12.80 - - Canlife Managed (40%-8% Shares) 2-Mar-1 2 0. -0.89-0.7 24. - 4.89 8.4 17.7 - - Canlife Multiple Investment 2-Mar-1 2 0.40-0.41 0.41 2.94 -.8 8.9 1.0 - - Canlife Neptune Balanced 2-Mar-1 0.8-1.2 1.0 27.2-12.19 12.8 14.2 - - Canlife Passive Portfolio 9-Oct-17 2 0.22-0.9 0.0 - - - - - - - Canlife Passive Portfolio 9-Oct-17 2 0.22-1.7-0.70 - - - - - - - Canlife Portfolio 2-Mar-1 2 0.7-0. 0.8 2.1 -.4 7.47 1.82 - - Canlife Portfolio 2-Mar-1 2 0.1-1.77-0.49 2.4 -.7 9.80 17.7 - - Canlife Premier Multi-Asset Growth & Income 21-Aug-1 2 1.0 -.11-2.74 2.9-4.77 11.70 17.92 - - Canlife UK Equity and Bond Income 2-Mar-1 2 0.49-2.94-0.8 17.84 -.0 7.7 12.9 - - Flexible Investment Canlife 7IM AAP Adventurous 2-Mar-1 0.8-4.17-2. 20.82 -.0 10.0 18. - - 0/09/1
Fund Information Percentage growth figures 1 Ocber 2018 Percentage growth over one year periods last quarter end ABI Secr/Fund name Pension Series Launch date Group OCF % Mths 1 0/09/18 Canlife Artemis Strategic Assets 2-Mar-1 2 0.8 -. -2.22 1.9 - -1.9 1.01 8.1 - - Canlife F&C MM Lifestyle Growth 2-Mar-1 1.07 -.40 -.01 2.0 -.19 12.82 19.21 - - Canlife F&C MM Navigar Select 2-Mar-1 2 1.82-4.98 -.41 24.0 -.91 12.40 19.81 - - Canlife Janus Henderson Multi- Manager Active 2-Mar-1 2 1. -2. -2.0 29.2 -.41 11.12 20.7 - - Canlife Jupiter Merlin Growth Portfolio 2-Mar-1 1.7 0.71 1.7 0.8-10. 9.2 19.74 - - Canlife Passive Portfolio 7 9-Oct-17 2 0.24-2. -1.9 - - - - - - - Canlife Portfolio 7 2-Mar-1 0.8 -. -1.78 28.2 -.1 11.9 18.4 - - UK All Companies Canlife AXA Framlingn UK Select Opportunities 2-Mar-1 0.8 -.9 -. 11.78 -.8 11.2 8.08 - - Canlife BlackRock UK Special Situations 2-Mar-1 0.8 -.1-4.10 1.9-9.28 20.7 1.09 - - Canlife Fidelity Special Situations 2-Mar-1 0.94-4.84-2.7 28.84 -.2 19.09 1.07 - - Canlife Invesco High Income 2-Mar-1 2 0.92 -.21-7.1 2.0-0.7.7.78 - - Canlife Invesco Income 2-Mar-1 2 0.91 -.1-7.7 0.0 - -0.28.88.9 - - Canlife Invesco UK Growth 2-Mar-1 0.91-8.0 -.9 18.2-0.17 20.49 9.47 - - Canlife Investec UK Special Situations 2-Mar-1 0.84 -.17-2.1 19.79-1.4 1.8 9.70 - - Canlife ishares UK Equity Index 9-Oct-17 0.0 -.89-1.40 - - - - - - - Canlife Jupiter UK Growth 2-Mar-1 4 1.02-8.81 -.8 -.08-1.17 1.4-8.1 - - Canlife M&G Recovery 2-Mar-1 0.90 -.71 -.4 22.08 -.97 1.9 10.90 - - Canlife Schroder UK Mid 20 2-Mar-1 4 0.91-12.8-8.98 12.0 -.00 22. -0.41 - - Canlife SVM UK Opportunities 2-Mar-1 0.80 -.82 -.87 2.4-9.07 1. 14.0 - - Canlife UK Equity 2-Mar-1 4 0.40 -.91-1.49 8.41 -. 9.. - - UK Equity Income Canlife Artemis Income 2-Mar-1 0.79 -.48-2.47 20.22-4.77 12.4 11.2 - - Canlife AXA Framlingn Monthly Income 2-Mar-1 2 0.84-1.4-2. 2.70 -.4 1.2 10.7 - - Canlife F&C Responsible UK Income 2-Mar-1 0.80 -. -2.8 14. -.97 10.42 8.4 - - Canlife Jupiter Income Trust 2-Mar-1 0.94 -.94-0.24 1.1 -.11 10. 22.09 - - Canlife LF Woodford Equity Income 2-Mar-1 0.7 -.40-12.97-7. - -.24 0.4 10.0 - - Canlife Neptune Income 2-Mar-1 0.8-2.70-0.24 28.0-7.71 1.18 1.70 - - Canlife Schroder Income Maximiser 2-Mar-1 0.91-1.1.9.44-9.7 14.79 12.7 - - Canlife UK Equity Income 2-Mar-1 2 0.47 -. -1. 14.19 -.7.88 11.7 - - UK Smaller Companies Canlife Investec UK Smaller Companies 2-Mar-1 4 0.8-9.17-4.0 21.08-12.79 21.88 1.8 - - Canlife Schroder UK Smaller Companies 2-Mar-1 4 0.91-7.01-8.72 2. -.41 2.1 11.21 - - Europe excluding UK Equities Canlife Artemis European Growth 2-Mar-1 0.89-14.7-14.7 29.28 - -.84 27.2 19.28 - - Canlife European 2-Mar-1 0.47 -.9-7.97 27.4-0. 22.20 1.49 - - Canlife Fidelity European 2-Mar-1 0.9 1.1 1.1 44.81-9. 20.0 20.2 - - Canlife ishares Continental European Equity Index 9-Oct-17 4 0.10-4.9 -.0 - - - - - - - Canlife JPM Europe 2-Mar-1 0.9 -.2-7.11 4.1-2.08 2.78 18.1 - - Canlife SVM Continental Europe 2-Mar-1 0.99-7.24 -.99 29.4-0.8 24. 12.99 - - Canlife Threadneedle European Select 2-Mar-1 0.8 -.4 -.41 29.77-4.1 18.0 19.12 - - North America Equities Canlife BlackRock US Opportunities 2-Mar-1 0.8 4.74.40 4.2-1. 9.2 27.81 - - Canlife Fidelity American 2-Mar-1 0.9 9.9 10.1 4.2-1. 12.9 28. - - Canlife ishares North American Equity Index 9-Oct-17 4 0.07 8.9 9.47 - - - - - - - Canlife Neptune US Opportunities 2-Mar-1 4 0.8 8.01 12.2.8-2.92 17.8 19.4 - - Canlife North American 2-Mar-1 4 0.4 11.22 12.07 9.7-17.22 10.27 4.8 - - Canlife Threadneedle American Select 2-Mar-1 4 0.82.00.48 8.74-20.44 19.2 0.81 - - Asia Pacific excluding Japan Equities Canlife Asia Pacific 2-Mar-1 4 0. -11.98-11. 2.8-4.08 20.10 19.7 - - 0/09/1 4
Fund Information Percentage growth figures 1 Ocber 2018 Percentage growth over one year periods last quarter end ABI Secr/Fund name Pension Series Launch date Group OCF % Mths 1 0/09/18 Canlife ishares Pacific ex Japan Equity Index 9-Oct-17 4 0.1 -.9 -.8 - - - - - - - Canlife JPM Asia Growth 2-Mar-1 4 0.9-9.9-8.87 2.82 -.1 2.88 42.99 - - Canlife Newn Asian Income 2-Mar-1 4 0.8 1.12-1.17 42.7 -.1.07 9.8 - - Japan Equities Canlife ishares Japan Equity Index 9-Oct-17 4 0.11-2.28-0.87 - - - - - - - Canlife Japanese 2-Mar-1 4 0.0-1.70 0.22 7. - 11.71 8.77 29.17 - - Canlife Schroder Tokyo 2-Mar-1 4 0.91-2.80-1.7 42.7-10.7 12. 2.48 - - Global Equities Canlife BlackRock Consensus 100 2-Mar-1 0.2 1.4 1.7 4.9-11.01 1.79 2. - - Canlife F&C MM Navigar Boutiques 2-Mar-1 1.89 -.2 -.2 2.1-7.89 14.1 2.2 - - Canlife Fidelity Global Focus 2-Mar-1 0.9 1.41 4.42 1.00-14.9 1.44 29.8 - - Canlife Fidelity Global Special 0/09/1 2-Mar-1 4 0.9 0.90 1.4 4.91-14.41 20.08 1.44 - - Situations Canlife Fidelity Wealthbuilder 2-Mar-1 1.20-2.0-1.7 2.9-7.0 12.48 24.7 - - Canlife Global Equity 2-Mar-1 0.44 4.9.00 47.11-11.0 1.1 28.88 - - Canlife Global Equity Income 2-Mar-1 0. 2.4 1.7 4.8-7.42 11.82 27.87 - - Canlife Investec Global Strategic Equity 2-Mar-1 4 0.8-0.48 0. 1.21-1.47 19.74 2.2 - - Canlife Janus Henderson Global Equity 2-Mar-1 0.8-0.89-2. 4.91 -.88 14.20 2.0 - - Income Canlife Jupiter Merlin Worldwide Portfolio 2-Mar-1 1.80 1.9 2.00.2-11.8 10.44 2.90 - - Canlife M&G Global Dividend 2-Mar-1 4 0.91.8.4.1-14.72 1.2. - - Canlife M&G Global Themes 2-Mar-1 4 0.92-1.1 -. 48.8-7.00 12.7 9.2 - - Canlife Neptune Global Equity 2-Mar-1 4 0.90-2.4 1.01 2.8-1. 20.7 14.1 - - Canlife Newn Global Income 2-Mar-1 0.79 8.0.4 1.2-11.02 8.12 7.87 - - Global Emerging Markets Equities Canlife Allianz Emerging Markets 2-Mar-1 4 1.07-1.7-11.09 4.7-2.7 19.09 4.97 - - Equity Canlife BlackRock Emerging Markets 2-Mar-1 4 0.90-7.94-4.1 9.8 -.81 18.09 42.88 - - Canlife Invesco Latin American 2-Mar-1 4 1.00-4.79 0.2 4.81 - -. 12.00 0.00 - - Canlife ishares Emerging Markets 9-Oct-17 4 0.22-9.29-8.29 - - - - - - - Equity Index Canlife Janus Henderson China Opportunities 2-Mar-1 4 0.8-17.19-14. 0.9 -.0 2.88 4.4 - - Canlife Janus Henderson Emerging Markets Opportunities 2-Mar-1 4 0.90-10.1-9.8 4.92 - -. 12.20 4.49 - - Canlife Jupiter Emerging European Opportunities 2-Mar-1 4 1.2 -.29 -.22 8.29-1.09 21.24 8.44 - - Canlife M&G Global Emerging Markets 2-Mar-1 4 1.02-8.0-7.02 4.2-2.82 1.1 41.20 - - Canlife Neptune Emerging Markets 2-Mar-1 4 1.20-12.4-9.1 1.49 - -2.00 21.27 9.00 - - Canlife Neptune India 2-Mar-1 4 1.1-1.1-19.7 24.8 - -9.19 10.1 2.81 - - Canlife Threadneedle Latin America 2-Mar-1 4 0.90 -.7-0.8 8.4 - -7.27 14.8 49.8 - - UK Gilts Canlife Fixed Interest 2-Mar-1 2 0.1 0.4 1.10 10.49-0.4-4.21 12. - - Canlife ishares UK Gilts All Scks 9-Oct-17 2 0.11 0.9 1.29 - - - - - - - Index Canlife Schroder Gilt and Fixed Interest 2-Mar-1 2 0.8 0.4 1.28 11.1-0.82-4.79 1.7 - - UK Index-linked Gilts Canlife Index Linked 2-Mar-1 4 0.21 4.9.9 28.2-1.11-7.24 0.70 - - Canlife ishares Index Linked Gilt Index 9-Oct-17 4 0.11 4. 4.2 - - - - - - - Sterling Strategic Bond Canlife Artemis Strategic Bond 2-Mar-1 1 0.8-0.94-0.4 1.80-1.04.0 10.00 - - Canlife AXA Framlingn Managed Income 2-Mar-1 1 0.9-0.08 0.7 20.08-1.8 8. 9.41 - - Canlife BlackRock Fixed Income Global Opportunities 2-Mar-1 1 0.4-0. -1.21.91 - -0..87 1.47 - - Canlife Invesco Monthly Income Plus 2-Mar-1 1 0.72-1.92-2.09 1.09 - -0.09 9.41. - - Canlife Janus Henderson Fixed Interest Monthly Income 2-Mar-1 1 0.70-0.77-2.29 14.1 - -0.8.9 9.19 - -
Fund Information Percentage growth figures 1 Ocber 2018 Percentage growth over one year periods last quarter end ABI Secr/Fund name Pension Series Launch date Group OCF % Mths 1 0/09/18 Canlife M&G Optimal Income 2-Mar-1 1 0.79-2.02-1.0 1.8-0.18 7. 7.1 - - Canlife Threadneedle Strategic Bond 2-Mar-1 1 0.7-0. -0. 12.01-0.4 4.2 8.80 - - Sterling Corporate Bond Canlife Corporate Bond 2-Mar-1 1 0.4 0.00 0.00 1.97-0.27 1.44 1.1 - - Canlife F&C Responsible Sterling Bond 2-Mar-1 1 0.8 0.00-0.18 1.41-0.09-0. 1.1 - - Canlife Invesco Corporate Bond 2-Mar-1 1 0. -0.4-0.18 12.9-0. 2.49 9.0 - - Canlife ishares Corporate Bond Index 9-Oct-17 1 0.11 0.10 0.0 - - - - - - - Canlife JPM Sterling Corporate Bond 2-Mar-1 1 0.8-0. -0. 1.02-0.00-0.4 1.2 - - Canlife M&G Corporate Bond 2-Mar-1 1 0. -0. -0.44 14.1-0. 0.99 12.78 - - Canlife M&G Short Dated Corporate Bond 2-Mar-1 1 0.42 0.00 0.19. - 0.19 2.2 4.0 - - Canlife M&G Strategic Corporate Bond 2-Mar-1 1 0. -0.80-0.98 1.7-0.09 2.7 10.9 - - Canlife Short Duration Corporate Bond 2-Mar-1 1 0.20 0.28 0. 7.7-0. 2.19.00 - - Sterling High Yield Canlife Threadneedle High Yield Bond 2-Mar-1 1 0.7 0.2 0.4 1.87-1.91 7.9 8.87 - - Global Fixed Interest Canlife Global Bond 2-Mar-1 0.4 2.7 0.24 28.0-0.81-0.40 27.9 - - Canlife ishares Overseas Corporate Bond Index 9-Oct-17 0.11. 0.0 - - - - - - - Canlife ishares Overseas Government Bond Index 9-Oct-17 4 0.12.0 1.41 - - - - - - - Global High Yield Canlife Global High Yield Bond 2-Mar-1 2 0.97-1.07-2.4 1.1-0.18 7.2 11.2 - - Canlife Threadneedle Emerging Market Bond 2-Mar-1 0.7 2.9 -.17.8 - -0.7.02 8.02 - - UK Direct Property Canlife UK Property 2-Mar-1 2 0.27 2.04 4.9 1.21 -.1 2.41.22 - - Global Property Canlife Fidelity Global Property 2-Mar-1 4 0.9.47.0 1.87-7.4-0.41 29.88 - - Canlife Schroder Global Cities Real Estate 2-Mar-1 4 0.92 4.1 2.70 27.0-7.2-0.41 27.8 - - Money Market Canlife Money 2-Mar-1 1 0.00 0.9 0.9 1.79-0.9 0.0 0.70 - - Commodity/Energy Canlife BlackRock Gold & General 2-Mar-1 4 1.0-9.4-17.8 8.4 - -22.2-14. 11. - - Canlife Global Resource 2-Mar-1 4 0.82-9.9-0.09 8.94-12.8-2.1 2.84 - - Canlife JPM Natural Resources 2-Mar-1 4 0.9-4.4 1.7 7.2-12.7 12. 4.22 - - Protected/Guaranteed Canlife Investec Multi-Asset Protecr 2-Mar-1 2 1.11-1.1-1.8 1.1-1.97 8.0 8.7 - - Specialist Canlife BlackRock European Absolute Alpha 2-Mar-1 1 0.98.21 2.7.1 -.8-0.28 2.1 - - Canlife BlackRock UK Absolute Alpha 2-Mar-1 1 0.9-2.7 -.01 2.4 - -1.9.0 2. - - Canlife Global Infrastructure 2-Mar-1 4 0.87-0.9 -.40.0 - -1.40 9.92 2.24 - - Canlife Newn Real Return 2-Mar-1 1 0.79 0.00-1.1.08-2.02 -.08 11.19 - - Canlife Strategic Return 24-Jul-1 2 0.7-4.0 -.1 11.98 - -0.44 0.70 20.11 - - Canlife Total Return 2-Mar-1 2 1.08 -.0 -.08 7.4 -.97.4.88 - - 0/09/1
Notes Basis for performance figures The returns shown are on a bid--bid basis of lump sum investments and show the percentage gain over the period with net income re-invested. The returns shown allow for internal fund charges. The source of the figures is Financial Express. Units All funds shown are for accumulation units unless stated otherwise. Derivatives Many funds have the ability use derivatives with some making more use than others. Derivatives cover a wide range of types of investment but essentially the term describes an asset for which the value is derived from the value of something else, such as a sck market index or a particular share s price. Derivatives depend on the ability of the companies involved be able meet their obligations, so some derivatives are seen as riskier than others. The use of derivatives may be mentioned within the fund objective, but is commonly found in the more detailed information provided by fund managers about their funds on their own website. Canlife UK Property fund Specific costs of running the UK Property fund are deducted from the income received. This is primarily a percentage of rents received. This will affect those funds that may invest in the UK Property fund such as Canlife Managed (0% % shares), Canlife Managed (20% 0% shares), Canlife Portfolios -7 and Canlife Multiple Investment. Property held in Canada Life property funds may not be readily saleable. This means that invesrs in property funds may not always be able realise their investments when they choose. In such cases Canada Life may postpone the encashment of the units in the fund by up six months. The value of property is generally a matter of a valuer s opinion rather than fact. Costs of buying and selling real property are generally much higher than for other types of assets. Property investments may be subject significantly wider price spreads than bonds and equities which could affect the valuation of the fund by up 8.0%. Canlife Fidelity Global Property Canlife Schroder Global Real Estate Securities These funds differ from traditional property funds (that invest only in physical property) as they invest primarily in the shares of property companies and REITs (Real Estate Investment Trusts). This can mean that they may have volatility similar equity funds over the short-term. Over the long-term the performance of property share funds should be similar that of the underlying property markets that they invest in. Canlife BlackRock UK Absolute Alpha Canlife BlackRock European Absolute Alpha In addition the standard fund charges, BlackRock may take a performance fee if the fund outperforms a stated benchmark. If a fee is payable it is taken daily from the unit price of the fund. Further details of how the fee is calculated are available on request. 7
Canlife Investec Multi Asset Protecr The 80% protection only applies the underlying Investec fund in which the Canada Life fund invests. The Canada Life fund protection level could be higher or lower than 80% due facrs such as cashflow, investment timing and tax. Invesrs should note that it is intended that the protection level of 80%, of the underlying Investec fund share price, will be provided under a derivative contract with a single counterparty, currently Deutsche Bank. If the counterparty is unable meet its obligations under the derivative contract or where there is no derivative in place, then the fund will not have the same level of protection and there will be a risk that the price could fall below the 80% level. If the underlying Investec fund s share price falls, the fund may have large allocations cash. In this situation keeping the fund open may no longer be in the best interests of invesrs. At this stage, Investec would consider winding up the fund. There may be other circumstances which may also cause Investec wind up the fund such as the counterparty becoming insolvent. In the event of Investec winding up the fund shareholders, including Canada Life, will be sent their proportionate share of the proceeds from the sale of the assets of the fund. Global Emerging Markets Equities funds These funds share a common approach in investing primarily in shares in countries where sck markets are not as well developed as the UK. This means that they are likely be in the most volatile group of funds (group 4) and may be more likely see frequent, possibly large, movements in price. Canlife Investec UK Smaller Companies Canlife Schroders UK Smaller Companies These funds aim generate returns by looking for opportunities invest in smaller companies in the UK. Shares in smaller companies can be riskier than those of large companies as the shares can be more difficult buy and sell and their value is more likely move up and down over short periods. These funds are often in the most volatile group (group 4). Canada Life Limited, registered in England no. 97271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN BA. Telephone: 04 00708 Fax: 01707 4088 www.canadalife.co.uk Member of the Association of British Insurers. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. ID792