TORONTO, ONTARIO (February 3, 2021) – C.S.T. Spark Inc. is pleased to report a 2.6 per cent rate of return after fees for the CST Bright Plan™ for the fiscal year ending October 31, 2020. This brings CST Bright Plan’s overall rate of return to 4.1 per cent since inception. CST Bright Plan™, initially offered in May 2018, is invested in a pool of exchanged traded funds (ETFs) that are rebalanced to reduce equities and increase fixed income as a child approaches graduation. Assets for all CST RESPs sponsored by the Canadian Scholarship Trust Foundation combine to more than $5.3 billion as of the fiscal year end.
CST Bright PlanTM asset allocation – child age: 7 years old illustration only
“Despite an exceptionally challenging year posed by the COVID-19 global pandemic, CST Bright Plan delivered on its objective of protecting principal in combination with providing a reasonable rate of return,” said Brad Norris, Chief Investment Officer at C.S.T. Spark Inc. “CST Bright Plan offers clients a broadly diversified and age-based rebalancing strategy which has provided investment discipline throughout 2020 as markets experienced significant volatility in late March and recovered throughout the remainder of the year. We continue to look forward to the future and helping Canadian families save for their post-secondary education”.
Additional performance information can be found within the CST Bright Plan Management Report of Fund Performance.
For more information about the CST Bright Plan, please visit www.cstspark.ca.
Media Contact: Cheryl Holmes, Public Relations and Brand Lead Tel: 416-445-7377 ext.370, Cheryl.Holmes@cst.org.
About C.S.T. Spark Inc.
Launched in 2018, CST Spark Inc. is a digital-first education savings company dedicated to helping Canadians plan to make post-secondary education possible. CST Spark makes it easy to start saving for your child's bright future. CST Spark was launched to further expand the vision and deliver upon the CST mission. CST Spark is the distributor and Investment Fund Manager of CST Bright Plan™.
For more information, visit cstspark.ca.
About the Canadian Scholarship Trust Foundation
Founded in 1960, the Canadian Scholarship Trust Foundation is a not-for-profit foundation dedicated to helping Canadian families save for their children's post-secondary education. In addition to its focus on education savings, the Foundation rewards hard working and community minded Canadian students through scholarships, bursaries and awards programs - with more than $2 million awarded since CST began. Through innovation, advocacy and by sponsoring the Canadian Scholarship Trust Plans that families use to save for their children's post-secondary education, CST continues to deliver upon its mission. CST has helped over 800,000 beneficiaries achieve their post-secondary dreams and manages over $5.3 billion in assets.
The Canadian Scholarship Trust Foundation and its subsidiaries operate under the master brand name CST.
For more information, visit foundation.cst.org.