Carl & Allan's Recommended Funds

Your Personal RRSP Plan has a wide variety of investment options. These include over 2,500 different Mutual Funds, ETFs, Stocks, Bonds, GICs, and much more. To make it simple for you, your Investment Advisors have prepared a list of recommended investments. Simply select your investments funds from the list below, then enter them on your application form. (Here's how we select recommended funds...)

Please note, this is just a guideline — every client's situation is unique. If you are not sure about which investments are right for you, just call us at 1-800-387-9273 or email us at spiessmcgladeteam@scotiamcleod.com.

Life cycle funds

Our top recommendation for most payroll and pre-authorized contribution plans are "Life Cycle" or "Target Date" funds. These funds automatically rebalance over time. They become more conservative (and management fees decrease) as you approach retirement. Our favourites are the Fidelity Clearpath Funds.

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity ClearPath Income Port Series A	FID444	2.85	4.48	7.25	2.74	na	3.28
Fidelity ClearPath 2015 Port Series A	FID415	2.53	5.31	9.48	2.35	na	4.83
Fidelity ClearPath 2020 Port Series A	FID402	2.48	5.85	11.30	2.10	na	5.98
Fidelity ClearPath 2025 Port Series A	FID425	1.25	5.96	11.89	2.01	na	6.96
Fidelity ClearPath 2030 Port Series A	FID430	0.60	6.02	13.00	1.53	na	8.02
Fidelity ClearPath 2035 Port Series A	FID435	-0.59	6.01	13.49	1.42	na	9.00
Fidelity ClearPath 2040 Port Series A	FID440	-0.78	6.01	13.82	1.27	na	9.33
Fidelity ClearPath 2045 Port Series A	FID445	-1.17	6.00	13.94	1.29	na	9.59

Equity Funds

We recommend equities (stocks) due to their high historical growth for a long-term, somewhat aggressive position. These are some of our recommendations:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity Canadian Large Cap Sr A	FID531	11.98	15.68	23.20	7.88	8.84	9.96
IA Clarington Canadian Small Cap A	CCM521	2.66	8.51	20.69	2.53	10.07	11.64
Northwest Canadian Equity	NWT209	-4.50	5.37	16.66	-2.38	4.08	12.27
RBC Canadian Equity Income Advisor	RBF762	8.35	16.21	31.92	14.99	na	12.46
Scotia Canadian Index	BNS381	-10.60	3.24	14.51	0.92	6.34	13.75
Bissett Canadian Equity Class A	TML302	-7.41	6.16	19.45	0.72	4.84	14.22
CI Canadian Investment	CIG7425	-10.95	1.51	11.95	-0.11	5.83	14.25
Fidelity Canadian Opportunities Sr A	FID515	-9.99	6.44	23.51	5.39	8.54	14.53

Balanced Funds

People selecting from this group generally want to hold more conservative RRSP investments. Balanced funds generally have lower risk than equity funds, because they hold a blend of stocks and bonds. Ideal for an all-in-one investment or to balance existing portfolios:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Scotia Diversified Monthly Income	BNS339	-0.20	4.08	10.61	2.87	na	5.76
Dynamic Strategic Yield Sr A	DYN1561	5.02	9.24	17.68	na	na	6.00
Manulife Monthly High Income	MMF483	2.43	4.91	12.39	2.42	7.42	6.14
Invesco Canadian Balanced	AIM598	-2.80	3.18	6.59	0.16	4.79	6.35
TD Monthly Income - A	TDB831	2.18	6.42	15.44	3.68	na	7.56
Dynamic Blue Chip Balanced	DYN312	-0.98	5.65	9.07	2.89	5.83	7.76
Fidelity Canadian Asset Allocation Sr A	FID581	-5.30	1.68	9.75	2.05	5.37	9.35
CI Cambridge Cdn Asset Allc Corp Cl	CIG3322	-4.47	6.11	13.91	na	na	9.76
CI Harbour Growth & Income	CIG891	-5.10	2.09	8.60	0.98	4.95	10.55
Dynamic Power Balanced	DYN701	-8.85	-1.38	10.87	2.40	7.59	10.91

Bond Funds

As you approach retirement, bond funds can provide stable income. However, yields have been so low lately that bonds or GICs might be a better option for any lump sum purchase:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity Canadian Short-Term Bond Sr A	FID585	3.56	2.98	2.95	3.46	3.63	1.70
Mac Sentinel Bond	MFC302	7.69	5.71	5.93	4.98	5.01	2.91
PH&N Bond C	PHN3110	8.03	6.17	7.20	na	na	2.99
TD Canadian Bond - A	TDB306	8.29	6.21	7.25	5.27	5.86	3.05
Scotia Canadian Income	BNS377	7.90	5.90	7.46	4.62	5.31	3.07
Scotia Canadian Bond Index	BNS386	8.77	6.41	5.48	5.11	5.48	3.14
RBC Global High Yield Bond Adv Ser	RBF701	9.72	9.43	14.99	7.58	7.69	6.08

Short Term (Cash Equivalents)

Ideal for clients considering withdrawing from their RRSP in the short-term (e.g. for a first-time homebuyers withdrawal). The following are historical yields. For current yields, see the Scotia Mutual Funds price page:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Scotia T-Bill	BNS358	0.30	0.24	0.18	0.93	1.36	0.04
Scotia Money Market	BNS357	0.35	0.29	0.25	1.25	1.63	0.04

Global Funds

Remember, Canadian markets make up only 3% of world equities. Ensure you have exposure to the other 97%. Our favourites include:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
IA Clarington Global Tactical Inc Cl A	CCM485	0.20	na	na	na	na	na
Fidelity NorthStar Sr A	FID553	-2.97	3.02	12.55	-2.69	na	10.33
Capital Intl-Global Equity Series A	CIF863	2.03	7.28	12.60	-1.67	na	11.09
Manulife World Investment Class	MMF8421	-1.45	5.04	13.00	-2.93	na	14.18
AGF Emerging Markets	AGF691	-0.78	5.47	19.97	4.45	na	15.47
Trimark Global Endeavour	AIM1591	8.35	14.80	26.29	-2.28	3.94	16.49

Note: Templeton International Stock, Mac Cundill Value Series C and Templeton Global Smaller Companies have been placed on performance watch.

Non-Registered/Taxable Accounts

We recommend the following funds, as well as the above global funds, for non-registered accounts:

Mutual Fund	PAC Number	1 Year (%)	2 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Risk *
Fidelity Monthly Income Class A	FID414	na	na	na	na	na	na
NexGen Canadian Bond Tax Managed CGR	NXG1347	6.21	4.37	5.57	5.07	na	2.82
Dynamic Dividend Income Class	DYN437	5.66	7.74	12.37	3.90	na	4.21
Dynamic Dividend	DYN748	3.49	8.10	15.10	2.23	7.20	8.79
Scotia Canadian Dividend	BNS385	-7.50	2.50	12.77	0.67	6.35	11.50

For Periods Ending: 3/31/2012

Click on a fund name for more information on that fund.

PDF version of this list (63kb)

* Risk is the volatility of returns, see risk calculations.

Amongst the available mutual funds, most have a deferred sales charge (i.e. no commission to buy but a fee for early redemption). All Scotia Funds (including more available choices, not listed above) are no-load.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) including changes in (share or unit) value and reinvestment of all (dividends or distributions) and does (do) 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 guaranteed, their values change frequently and past performance may not be repeated. See more disclaimers ...