Correction of Fund Performance Reports
PFSL Fund Management Ltd. has announced the re-filing of its Interim Management Reports of Fund Performance for several investment funds, specifically for the period ending June 30, 2025. This action is a response to inaccuracies found in the previously submitted performance data from December 2024. The reports affected include the Primerica Global Equity Fund, Primerica Canadian Balanced Growth Fund, Primerica Global Balanced Growth Fund, Primerica Balanced Yield Fund, and Primerica Income Fund. The company emphasizes that the revisions were necessary to ensure that stakeholders have access to accurate information regarding fund performance.
The errors identified in the original filing pertained to misleading information that appeared in the bar chart labeled “Year-By-Year Returns.” This specific section inadvertently contained incorrect figures, prompting the need for the revised reports. Stakeholders and investors can access the updated documents on www.sedarplus.ca and on the official website of the Concert™ Funds at pfslfunds.primerica.ca.
About PFSL Fund Management Ltd.
PFSL Fund Management Ltd. operates as an investment manager and is a wholly owned indirect subsidiary of Primerica Financial Services (Canada) Ltd. The broader Primerica Canada group includes various entities such as PFSL Investments Canada Ltd., which is recognized as a mutual fund dealer, and Primerica Life Insurance Company of Canada. The role of PFSL encompasses managing day-to-day operations, providing administrative support, and making crucial investment decisions for the Primerica Concert™ Allocation Series of Funds.
The parent company, Primerica Financial Services (Canada) Ltd., is headquartered in Mississauga, Ontario, and is a subsidiary of Primerica, Inc. Its subsidiaries are major players in delivering financial services and products to middle-income households across Canada. With independent licensed representatives in every province, the organization aims to enhance financial literacy among its clients, offering products like term life insurance and various types of mutual funds.
Investment Insights and Risks
As of December 31, 2024, Canadian families held over $151 billion in life insurance coverage through Primerica Life Insurance Company of Canada, while more than $23 billion in assets were managed through PFSL Investments Canada Ltd. and its affiliates. Prospective investors are advised to consider potential risks associated with investment funds, which may include management fees and other expenses. It is important to review the prospectus and additional disclosure documents prior to making investment decisions, as returns are not guaranteed and past performance does not predict future results.
This re-filing serves as a critical reminder of the importance of accuracy in financial reporting, ensuring that all investors are well-informed about their investments and associated risks. For further inquiries, interested parties are encouraged to contact Gana Ahn through the provided email for additional information or clarification regarding the revised reports and their implications.
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