Objective

The RRSP allows individuals, especially self-employed persons and those that do not have an employer sponsored group pension plan, to save for their retirement through a specially designed investment vehicle. The investment options cater to all types of individuals who have varying investment and risk objectives. The investor can choose to invest via the Fortress Managed Option or the Fortress Select Option.

Fortress Managed Option

The Contributor will choose one of the three shares offered by the Fortress Caribbean Pension Fund Limited. The asset allocation of each share is “pre-packaged” to match a specific investment and risk objective using the Fortress Growth Fund, the Fortress High Interest Fund and the Fortress Property Fund. The minimum investment is $1,200.00 per annum.

Aggressive Accumulator (AA) Share – This share is heavily weighted in equities (up to 75%) with the objective of achieving growth and capital appreciation of assets over the long term. It is suited for individuals in the 20 to 50 years old range whose investment time horizon is long and the contributor is thus able to assume short term volatility in order to maximise returns and reduce long-term inflation risk.

Conservative Consolidator (CC) Share – This share’s asset allocation is more balanced than the AA, with a similar amount invested in equities and fixed income. The objective is to achieve growth and capital appreciation of the assets over the medium term. It is suited to the individual in the 45 – 60 age range who are in the later stages of their pension buildup period and do not wish to be exposed to the greater risks of the AA Share and are prepared to accept a lower potential return.

Capital Secure (CS) Share – This share is heavily weighted in fixed income securities (80 – 100%). The objective is to achieve the highest possible return compatible with the preservation of capital in the short term. The target investor is one who is nearing retirement age and wants to reduce the potential level of short term risk to their portfolio just before he/she has to use the fund to purchase an annuity.

Fortress Select Option

The Contributor will invest in either one of the following Fortress mutual funds. The minimum investment is $1,200.00 per annum.

Fortress Caribbean Growth Fund – The objective of the fund is capital appreciation of assets over the long term, principally through investment in shares of both quoted and unquoted companies located in the Caribbean.

Fortress Caribbean High Interest Fund - The Fund aims to achieve the highest level of income compatible with the preservation of capital by investing in medium to high grade debt securities issued by corporate and government entities with a short to medium term maturity profile principally in the Caribbean.