Investment Personality Questionnaire

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Section A:

When investing money for retirement it is important to know how long the investment time horizon is; that is how long you have to invest the money before you will draw an income.

The following two questions will help to establish your investment horizon.

1. When do you plan on needing the money?

• I’m already retired, I need income right now

• I plan to retire in less than one year

• I plan to retire in 1 to 5 years

• I plan to retire in 6 to 10 years

• I plan to retire in 11 to 15 years

• I plan to retire in 16 to 20 years

• I plan to retire in more than 20 years

2. How do you plan to withdraw the money during retirement?

• Most certainly through an annuityAnnuity - You exchange the lump sum of your pension account in return for a monthly income for your lifetime (and your spouse's lifetime, if so elected). This payment arrangement is made through a life insurance company.

• Maybe through an annuity

• Using both an annuity and a Retirement Income FundRetirement Income Fund - An investment and payment arrangement. Your retirement savings continue to be invested while you draw a percentage of the funds out of the account to provide your income in retirement. There is a minimum percentage which must be withdrawn each year, and there is a maximum percentage, or limit, to the amount of locked-in which may be withdrawn annually. (RIF)

• Maybe through a RIF

• Most certainly through a RIF

• I don't know / I have not decided yet

Section B:

Each investor has a different personal tolerance for risk. There are several different definitions of risk, but it generally refers to the variability of returns from an investment and the chance of loss.

The following five questions relate to your risk tolerance.

3. What is the maximum loss on your portfolio that you can tolerate over a one to two-year horizon?

• 0%

• 5%

• 10%

• 15%

• 20%

• More than 30%

4. You bought 1,000 shares of company 'ABC' six months ago. The investment is currently showing a 30% decline. How would you respond?

• Sell 1,000 shares

• Sell 500 shares

• Do nothing

• Buy 500 shares

• Buy 1,000 shares or more

• I have never bought company shares and don't intend to do so in the future

5. Should your portfolio sustain a significant loss, how long would you be willing to wait to recover the value of your investment?

• Less than 3 months

• 3 to 6 months

• 6 to 12 months

• 1 to 2 years

• 2 to 3 years

• It doesn’t matter, as long as the quality of the investment has not deteriorated

6. Aggressive investors can earn higher returns in the long-term but have to go through periods of potentially large declines in value of their portfolio. I would be willing to sustain potentially large (in excess of 20%) and frequent declines in the value of my portfolio if it increases the likelihood of achieving higher longer term returns.

• Strongly agree

• Somewhat agree

• No opinion

• Somewhat disagree

• Strongly disagree

7. The chart below shows the minimum and maximum returns that can be achieved by five different portfolios over a one-year period.

Which portfolio would you choose?

• Portfolio A (-1% ; 14%)

• Portfolio B (-2% ; 17%)

• Portfolio C (-6% ; 22%)

• Portfolio D (-10% ; 27%)

• Portfolio E (-14% ; 31%)

• Portfolio F (-17% ; 35%)

Section C:

Although the overall objective for any retirement savings portfolio is to accumulate savings that will enable a lifetime income in retirement, our investment objectives to achieve this may vary.

The following four questions address possible secondary investment objectives.

8. What is the investment goal of your portfolio?

• Preserve accumulated assets

• Provide mostly Investment IncomeInvestment Income - Payment received from investment assets such as bonds, stocks or mutual funds. Investment income is typically more predictable than capital gains. and moderate growth on the accumulated assetsGrowth on the Accumulated Assets - Also called capital gain, it is the amount by which an investment's selling price exceeds its initial purchase price.

• Provide a good mix of investment income and growth on the accumulated assets

• Provide some investment income and mostly long-term growth on the accumulated assets through investments with fluctuating returns

• Invest solely for long-term growth on the accumulated assets through investments with fluctuating returns

9. I want a guarantee of the income from my investments, even if I have to accept a lower rate of return?

• Strongly agree

• Somewhat agree

• No opinion

• Somewhat disagree

• Strongly disagree

10. I can’t afford any possible loss of accumulated assets regardless of the potential return.

• Strongly agree

• Somewhat agree

• No opinion

• Somewhat disagree

• Strongly disagree

11. I want to be sure that I can sell my investments on short notice and access the proceeds from the sale if necessary.

• Strongly agree

• Somewhat agree

• No opinion

• Somewhat disagree

• Strongly disagree

Section D:

In determining the appropriate portfolio for you, it is important to consider some additional aspects of your personal situation.

12. What is your familiarity with investing, which includes your knowledge about stocks, bonds, mutual funds, derivatives, income trusts, hedge funds, exchange-traded funds, asset allocation strategies?

• Starting to learn and/or know nothing

• Some knowledge

• Reasonably familiar

• Sound knowledge of investments

• Knowledgeable and experienced

13. Does your household have other sources of income (excluding income from the Canada Pension Plan, Old Age Security or Guaranteed Income Supplement)?

• No, I’m the sole provide

• I'm the sole provider but I'm expecting a large windfall (inheritance, selling business, home equity, etc.)

• Spouse works, but has no pension plan

• Spouse works and has some retirement savings (employer pension plan or RRSP) or spouse is retired and has some retirement income

• Spouse works and has a defined benefit pension planDefined Benefit Pension Plan - A defined benefit pension plan is an arrangement where the employer commits to paying its employees a specific benefit for life beginning at his or her retirement. or spouse is retired and has a defined benefit pension plan.

• Spouse works, has a defined benefit pension plan (or is retired and has a defined benefit pension plan) and we’re expecting a large windfall (inheritance, selling business, home equity, etc.)

14. What is your household income?

• Less than $25,000

• $25,000 to $34,999

• $35,000 to $49,999

• $50,000 to $74,999

• $75,000 to $124,999

• $125,000 to $199,999

• More than $200,000

15. What are your household investable (financial) assetsInvestable Assets - Investable assets refer to securities that can be sold for money. Income coming from a defined benefit pension plan, for example, cannot be sold to a third party for money so it shouldn't be included for the purpose of this question. (includes stocks, bonds, mutual funds, GICs, employer-sponsored defined contribution plan, RRSP account, RRIF account, real estate held for investment purposes, etc.) ?

• Under $25,000

• $25,000 to $49,999

• $50,000 to $99,999

• $100,000 to $149,999

• $150,000 to $249,999

• $250,000 to $499,999

• $500,000 to $999,999

• More than $1,000,000

16. What is your age group?

• Under 30

• 30-39

• 40-49

• 50-59

• 60-65

• 65-71