THE 360 NEWSLETTER

As part of our Client Focused Reform – Know Your Product due diligence requirements, and following some feedback from the field, we identified a few categories requiring review.

In certain cases, like the target date funds, the fund weightings disproportionately deviated from the asset allocation categories, and as such had been assigned asset class categories which did not align with the current asset allocation presented in the corresponding Fund Facts. In these cases, we will adjust the ranking in our system to reflect the median as described in the Canadian Investment Funds Standard Committee (CIFSC) definitions. All other categories were already appropriately aligned with the median.

In other cases, the risk rating of the product was reviewed and determined a risk rating change is required.

Please be advised of the following changes which will be effective December 15, 2022.

The Appendices below reflect the list of changes to either fund risk or objective/asset allocation:

• Appendix A – Fund Risk Changes
• Appendix B – Investment Objective Changes:

• B.1 – Investment Objective Changes to Impacted Target Dated Portfolio Funds
• B.2 – Investment Objective Changes due to a Change in the Asset Class

For a list of impacted clients, please reach out to your Compliance Officer for more details.

Should you have any questions with regards to this information, please contact your Compliance Officer.