Savings Plan – a Non-Registered Savings Plan (NRSP)
Click on the fund name below to review the investment objective, investment style, historical performance and investment management fees (IMFs)* for the funds available through the NOVA Chemicals Corporation’s Savings Plans. Note that past performance is no guarantee of future results.
| Asset Class | Fund | Investment Management Fee | Underlying Fund Operating Expense (UFOE) |
| Guaranteed Interest Account and Money Market | MLI 1-Year Guaranteed Interest Account | N/A | N/A |
| MLI 2-Year Guaranteed Interest Account | N/A | N/A | |
| MLI 3-Year Guaranteed Interest Account | N/A | N/A | |
| MLI 4-Year Guaranteed Interest Account | N/A | N/A | |
| MLI 5-Year Guaranteed Interest Account | N/A | N/A | |
| MLI Canadian Money Market (MAM) | 0.050% | N/A | |
| Balanced | ML BlackRock Balanced Conservative Index Fund | 0.075%* | 0.030% |
| ML BlackRock Balanced Moderate Index Fund | 0.075%* | 0.040% | |
| ML BlackRock Balanced Aggressive Index Fund | 0.075%* | 0.050% |
For the Guaranteed Interest Accounts, members will receive the posted base interest rate plus an enhancement of 0.35%. Note: Operating expenses are as of December 31, 2017
Rates of return
Review the rates of return for the funds available through the NOVA Chemicals NRSP. These rates of return represent past performance and past performance cannot guarantee future results.
How do the IMF and OE affect the unit values of the investment funds?
While IMFs are deducted from unit values on a pro-rated basis every day, they are shown as an annual figure on statements and on the secure plan member site. An annual investment related fee of 0.090% would be stated as 9 basis points (bps). The OE fees are deducted by Manulife as they occur prior to determining the unit value of the segregated fund.
Underlying fund operating expenses
In some cases, these expenses are paid by the underlying fund itself, and will be shown as a separate and distinct amount. The stated amount will appear as a percentage of the Manulife fund’s assets and will fluctuate from year to year. Manulife has no control over these expenses.
In other cases, they are included in the IMF so that a single fee is reflected to represent all the services related to operating the segregated fund.
The description page produced for each fund available will note how the underlying fund’s operating expenses are reflected. To see details of an underlying fund’s operating expenses, click on the name of the fund to open its information page. Details of underlying fund operating expenses will appear near the top of the page.
What taxes are charged?
The federal Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) in effect in some provinces is applied to the IMF and to applicable portions of the OE. These tax amounts are also deducted from the value of the fund. No additional charges are applied against the value of Manulife’s segregated funds.
Investor Strategy Worksheet
To help you discover your investor style, click here and answer the following eight questions. Knowing your investor style will ensure you select the right funds for you.
Click here to find sample asset allocations that fit different investor styles.
If you do not make an investment selection, your assets will be directed to the plan default investment – the MLI Canadian Money Market Fund (MAM) – Code 3132.
Need help choosing your investments?
Manulife's licensed Financial Education Specialists can assist you Monday to Friday, from 9 a.m. to 5 p.m. ET at 1-888 727-7766.