Lifecycle funds are essentially one decision balanced investment portfolios that begin with a strong growth bias, and become more conservative as they approach their maturity date, which is usually selected to match your retirement date.
Fidelity is the market share leaders, with solid performance. The Spiess McGlade Team is pleased to have recommended those Clearpath funds 10 years ago and they have performed well for our clients. Fidelity recently updated their brochure and have a detailed white paper on how the funds are built and rebalanced based on their proprietary "glide path".
Lifecycle funds are offered by several other companies, as well. Below is a listing of performance data, followed by links to more information on lifecycle funds. Any of the funds listed can be held in your ScotiaMcLeod account, and many are available for Pre-Authorized Contribution (PAC) plans and/or with no loads. Please contact us for details and recommendations for your situation.
Mutual Fund | Fund | 1 | 2 | 3 | 5 | 10 | Risk * | Min | MER |
| BMO Target Education 2025 Portfolio A | 2025TargetDate | 10.74 | 5.39 | na | na | na | na | na | 1.83 |
| Fidelity ClearPath 2025 Port Series B | 2025TargetDate | 10.73 | 5.06 | 7.12 | 9.50 | 5.29 | 5.79 | 500 | 2.17 |
| Fidelity ClearPath 2025 Port Series A | 2025TargetDate | 10.48 | 4.82 | 6.88 | 9.25 | 5.06 | 5.79 | 500 | 2.39 |
| BMO LifeStage Plus 2025 A | 2025TargetDate | 6.51 | 3.65 | 5.08 | 6.09 | na | 4.50 | na | 2.49 |
| BMO LifeStage Plus 2025 Advisor | 2025TargetDate | 6.50 | 3.63 | 5.07 | 6.08 | na | 4.50 | na | 2.50 |
| Sun Life Milestone 2025 A | 2025TargetDate | 1.91 | 1.34 | 3.86 | 3.72 | na | 5.16 | na | 2.16 |
| BMO LifeStage Plus 2022 A | 2025TargetDate | 4.07 | 1.34 | 3.64 | 5.28 | na | 4.44 | na | 2.10 |
| BMO LifeStage Plus 2022 Advisor | 2025TargetDate | 4.06 | 1.32 | 3.62 | 5.26 | na | 4.44 | na | 2.12 |
| IA Clarington Target Click 2025 | 2025TargetDate | 1.83 | 0.58 | 3.52 | 4.34 | 2.13 | 5.77 | 500 | 2.59 |
| Invesco Intactive 2023 Portfolio | 2025TargetDate | 3.32 | 0.35 | 1.46 | 2.76 | na | 3.65 | na | 2.15 |
| BMO Target Education 2030 Portfolio A | 2030TargetDate | 12.96 | 6.21 | na | na | na | na | na | 1.93 |
| Fidelity ClearPath 2030 Port Series B | 2030TargetDate | 11.51 | 5.26 | 7.49 | 10.04 | 5.17 | 6.23 | 500 | 2.23 |
| Fidelity ClearPath 2030 Port Series A | 2030TargetDate | 11.26 | 5.02 | 7.25 | 9.79 | 4.95 | 6.23 | 500 | 2.44 |
| BMO LifeStage Plus 2030 Advisor | 2030TargetDate | 4.82 | 3.54 | 6.42 | 5.48 | na | 6.44 | na | 2.08 |
| BMO LifeStage Plus 2030 A | 2030TargetDate | 4.80 | 3.52 | 6.40 | 5.47 | na | 6.44 | na | 2.10 |
| BMO LifeStage Plus 2026 A | 2030TargetDate | 6.26 | 2.33 | 5.29 | 8.93 | na | 5.66 | na | 2.52 |
| BMO LifeStage Plus 2026 Advisor | 2030TargetDate | 6.23 | 2.29 | 5.24 | 8.90 | na | 5.66 | na | 2.56 |
| Sun Life Milestone 2030 A | 2030TargetDate | 4.39 | 1.95 | 5.31 | 5.39 | na | 6.49 | na | 2.27 |
| IA Clarington Target Click 2030 Sr A | 2030TargetDate | 4.61 | 0.82 | 4.71 | 5.94 | na | 7.54 | na | 2.70 |
| Invesco Intactive 2028 Portfolio | 2030TargetDate | 4.53 | 0.80 | 1.92 | 3.46 | na | 4.31 | na | 2.21 |
| Fidelity ClearPath 2040 Port Series B | 2035+TargetDate | 13.91 | 6.14 | 8.58 | 11.88 | 5.76 | 7.10 | 500 | 2.28 |
| Fidelity ClearPath 2045 Port Series B | 2035+TargetDate | 13.91 | 6.07 | 8.59 | 12.14 | 5.86 | 7.14 | 500 | 2.28 |
| Fidelity ClearPath 2050 Portfolio Sr B | 2035+TargetDate | 13.86 | 6.03 | na | na | na | na | 500 | 2.32 |
| Fidelity ClearPath 2055 Portfolio Sr B | 2035+TargetDate | 13.87 | 5.97 | na | na | na | na | 500 | 2.32 |
| Fidelity ClearPath 2040 Port Series A | 2035+TargetDate | 13.64 | 5.91 | 8.35 | 11.64 | 5.54 | 7.10 | 500 | 2.48 |
| Fidelity ClearPath 2045 Port Series A | 2035+TargetDate | 13.66 | 5.85 | 8.37 | 11.90 | 5.64 | 7.14 | 500 | 2.49 |
| Fidelity ClearPath 2050 Portfolio Sr A | 2035+TargetDate | 13.66 | 5.82 | na | na | na | na | 500 | 2.50 |
| Fidelity ClearPath 2055 Portfolio Sr A | 2035+TargetDate | 13.67 | 5.78 | na | na | na | na | 500 | 2.52 |
| Invesco Intactive 2038 Portfolio | 2035+TargetDate | 5.91 | 1.16 | 2.25 | 4.47 | na | 5.30 | na | 2.20 |
| BMO Target Education 2035 Portfolio A | 2035TargetDate | 14.11 | 6.21 | na | na | na | na | na | 2.07 |
| Fidelity ClearPath 2035 Port Series B | 2035TargetDate | 13.40 | 6.14 | 8.38 | 11.51 | 5.70 | 6.81 | 500 | 2.23 |
| Fidelity ClearPath 2035 Port Series A | 2035TargetDate | 13.15 | 5.91 | 8.15 | 11.27 | 5.49 | 6.81 | 500 | 2.44 |
| Sun Life Milestone 2035 A | 2035TargetDate | 6.89 | 2.72 | 5.83 | 6.55 | na | 7.79 | na | 2.26 |
| Invesco Intactive 2033 Portfolio | 2035TargetDate | 5.20 | 0.98 | 2.09 | 3.96 | na | 4.88 | na | 2.22 |
| Fidelity ClearPath 2020 Port Series B | STTargetDate | 9.88 | 4.80 | 6.48 | 7.99 | 4.73 | 5.36 | 500 | 2.17 |
| Fidelity ClearPath 2020 Port Series A | STTargetDate | 9.66 | 4.59 | 6.26 | 7.77 | 4.51 | 5.36 | 500 | 2.38 |
| Fidelity ClearPath 2015 Port Series B | STTargetDate | 8.85 | 4.31 | 5.70 | 7.18 | 4.57 | 4.72 | 500 | 2.12 |
| Fidelity ClearPath 2015 Port Series A | STTargetDate | 8.62 | 4.09 | 5.48 | 6.95 | 4.36 | 4.72 | 500 | 2.32 |
| BMO Target Education 2020 Portfolio A | STTargetDate | 5.50 | 2.93 | na | na | na | na | na | 1.72 |
| BMO LifeStage Plus 2020 Advisor | STTargetDate | 0.64 | 1.00 | 2.33 | 1.96 | na | 2.71 | na | 1.38 |
| BMO LifeStage Plus 2020 A | STTargetDate | 0.57 | 0.95 | 2.28 | 1.91 | na | 2.71 | na | 1.44 |
| Sun Life Milestone 2020 A | STTargetDate | 0.36 | 0.12 | 1.64 | 1.91 | na | 2.54 | na | 1.49 |
| BMO LifeStage Plus 2017 Advisor | STTargetDate | -0.16 | -0.22 | 0.54 | 1.07 | na | 1.02 | na | 1.41 |
| BMO LifeStage Plus 2017 A | STTargetDate | -0.18 | -0.25 | 0.51 | 1.05 | na | 1.02 | na | 1.44 |
| IA Clarington Target Click 2020 | STTargetDate | -0.37 | -0.63 | 1.11 | 1.90 | 1.43 | 2.90 | 500 | 2.18 |
45 Funds Returned For Periods Ending: 5/31/2017
Click on a fund name for more information on that fund.
* Risk is the volatility of returns, see risk calculations.
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E. carl.spiess@scotiawealth.com
allan.mcglade@scotiawealth.com
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