Recording Flag for Review Sheldon is a 25 year old graphic designer. He has just started working and saves regularly. Apart from his regular salary he also earns extra money from freelancing after office hours and during weekends. His earnings from his freelance work are sufficient for meeting his living expenses. He saves the entire amount of his salary. He has heard about lifecycle funds but has come to you for additional information. Which of the following statement about lifecycle funds is TRUE? O The asset allocation of a lifecycle fund is set based on the age demographic of its unitholders and remains the same for the time frame of the lifecycle fund. O Investor income is the only basis for changing the asset allocation of a lifecycle mutual fund. As Sheldon gets older, the life cycle asset allocation changes from more risky to less risky. All lifecycle funds start with equal allocations to cash, fixed income and equities before being re-balanced. ding Whiteboard Flag for Revie Sakeena is a Dealing Representative for Planning Plus Partners, a mutual fund dealer. Sakeena is subject to the Relationship Disclosure Information (RDI) obligations. Which of the following statements about the RDI is CORRECT? O Sakeena must provide the RDI to all clients who attempt to make a suspicious transaction, regardless if they open an account. O The RDI must obtain meaningful consent from clients in order to collect, use, or disclose their personal information. Sakeena is required to provide the RDI to her clients, explain the RDI information, and answer any questions. The RDI must include information about Sakeena's proficiency, registration, and the investment products she can offer.