Target Click Investment Calculator - Multiple Funds
Effective November 11th, 2011, the IA Clarington Target Click
2015 Fund (the "Fund") is closed to new purchases, including those
made under pre-existing pre-authorized chequing plans ("PAC Plans")
or systematic switch plans. In addition, in order to reflect
the high allocation to strip bonds, IA Clarington will commence
waiving a portion of its management fees on the Fund and will
continue to actively manage the MER.
The calculator is intended for illustrative purposes only. The
required investment amount needed to guarantee a certain outcome
will change daily with the price of the funds and will differ from
the amount shown.
Each of the IA Clarington Target Click Funds (the "Funds") holds
fixed income securities issued by the Canadian federal or
provincial governments that support payment on the Fund's maturity
date of the highest month-end net asset value per unit achieved
during the life of the Fund. In normal circumstances, it is
expected that this fixed income component would ensure payment of
the guaranteed value. In addition to the fixed income component,
Industrial Alliance Insurance and Financial Services Inc.
("Industrial Alliance"), the parent company of the Portfolio
Advisor to the Funds, has provided a guarantee to each of the Funds
that it will pay any shortfall to the Fund if the net asset value
of any Fund is less than its guaranteed value at maturity. If such
a payment were required to be made, it would be subject to the
creditworthiness of Industrial Alliance.
Each Fund's maturity date will occur on June 30 of the year
specified in the Fund's name. The guaranteed amount will benefit
the investors who hold units of the Fund on that maturity date. In
some circumstances, the maturity date for a Fund may be
accelerated, in which case the Fund will pay the greater of the net
asset value on that accelerated maturity date and the net present
value of the guaranteed amount, less any applicable redemption
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Any indicated rates of return are the
historical annual compounded total returns including changes in
security value and reinvestment of all distributions/dividends and
does 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 generally
guaranteed, their values change frequently and past performance may
not be repeated. However, each IA Clarington Target Click Fund has
the benefit of the guarantee described above.
The information contained above may include estimates, projections
and other "forward-looking statements." Actual events may differ
substantially from those presented herein. IA Clarington
Investments Inc. assumes no duty to update any such forward-looking
statements or any other information or opinions in this document.
IA Clarington makes no representation that future investment
performance will conform to past performance and it should never be
assumed that past performance foretells future performance.