The declared rate for the Smoothed Return Diversified Fund will be 4.40% effective
January 1, 2023.
Therefore, the credited rate for the Smoothed Return Diversified Account (SRDA) will be 3.15% (the Fund’s declared rate less a management fee of 1.25%).
The Fund’s declared rate is based on returns earned on the Fund’s assets, to which the company applies a smoothing formula. This formula amortizes major fluctuations in returns (positive and negative) and provides a stable, low-volatility declared rate from year to year.
The Smoothed Return Diversified Fund document (F13-1166A) will be updated and published in March 2023 to include the Fund’s returns as of December 31, 2022, and the asset mix of the fund as at that date.
About the SRDA
The SRDA is offered as an actively managed investment account with Genesis Universal Life. This account provides an opportunity for clients seeking professional investment management of their policy funds while minimizing the return volatility typically associated with market investments. To learn more about these and other product features, visit the Document Centre in your Advisor Centre.
