(Clara is saving for a house and will likely need her money within a year.

Ano-loadsegregated fund hasno sales charge on entry or exit, making it ideal for short-term investment needs. Clara would retain full liquidity without penalties.

Exact Extract:

"No-load segregated funds allow investors to redeem their units without incurring a sales charge, making them ideal for investors who may require liquidity within a short timeframe."

(Reference:Segfunds-E313-2020-12-7ED, Chapter 2.3.2.3 No Sales Charge​)