Adjusted cost base (ACB):

Is the result of a calculation method used to determine the cost of an investment for tax purposes. It is obtained by adding the purchase amounts of your units and/or shares and income previously reported by Manulife (tax slips), minus the investment’s total withdrawal value. This calculation is performed separately for each fund.

Average Purchase Price (APP):

Refers to the average cost of all units purchased in a market-related investment, taking into account any units sold (which would occur in the case of an inter-fund transfer or a withdrawal). Therefore, units withdrawn are deducted from the cumulative units and last APP is applied to remaining units. See example below.

Example

Book Value:

Today's value of contributions and interest accrued, assuming the guaranteed term fund is held to maturity.

Closing Share Price:

Refers to the price of one stock, or share, as at the previous business day's close.

Current Unit Value:

Refers to the price of one unit of the market-related fund, as at the previous business day’s close. It is calculated by taking the total market value of the fund (as at the previous date) divided by the number of units outstanding (as at the previous date).

Please note that due to possible delays in information processing the current unit value may not necessarily be as at the previous business day’s close. Please refer to the Rates and Closing Values page for details.

Earliest Date (Historical Closing Values):

Refers to the inception date of the selected market-related investment. If more than one investment is selected, refers to the market-related investment having the oldest inception date.

Earliest Date (Transaction History):

Refers to the date of the first transaction made under the plan.

Guaranteed Term Fund (Compound Interest Fund):

A term deposit which fully guarantees interest and the return of capital at maturity.

Investor Profile:

Refers to the type of investor you are in terms of risk tolerance.

Conservative
The conservative investor is a person who wants the security of guarantees, may have little knowledge about investing, and is basically a “saver”. It is designed for investors who have concerns about market volatility.

Moderate
A moderate investor is more growth-oriented, has some investment knowledge, and is willing to accept a moderate degree of risk to achieve better returns in the long run. It is designed for investors who want a balance between growth and income.

Aggressive
The aggressive investor’s focus is squarely on growth. He or she is seeking maximum long-term returns and is knowledgeable about investments. It is designed for investors who are not bothered by short-term market fluctuations.

Market-related Fund:

A fund where unit values are not guaranteed and fluctuate with movements in the price of the securities held in the portfolio. Many investors purchase units of participation which represent each person’s share of the entire fund.

Market Value:

Today's value of contributions and interest accrued, assuming the guaranteed term fund is liquidated as at the present date, excluding any rate banding that may apply. (Unless your contract states otherwise)

Market Value Adjustment:

The upward or downward adjustment that may be applied to your guaranteed term fund should you liquidate it. This adjustment reflects current interest rates.

Maturity Date:

The date your guaranteed term fund matures.

Maximum:

To transfer a dollar amount from any fund, transfers of up to 90% of the dollar value are allowed due to fluctuations in interest rates and/or unit values. Therefore, you may not input under the $ column an amount greater than the maximum shown, per fund. This rule does not, however, apply to % transfers. In other words, if you input 100 under the % column the entire fund amount will be transferred.

No. of Units:

Represents either the number of units purchased or sold.

Share Holdings:

Refers to the number of shares held to date.

Short-term interest:

Guaranteed term funds may mature on a non-business day in which case short-term interest is credited until their reinvestment on the next business day.

Unit Holdings:

Refers to the number of units held, to date, in the market-related fund.

Unit Value:

Refers to the price of one unit of the market-related fund. It is calculated by taking the total market value of the fund divided by the number of units outstanding.