Consider writing a class method or even a C function that lazily creates the array. For example, here's a class method that does what you want:
+ (NSArray *)frequencyChoices
{
    static NSArray *choices;
    if (choices == nil)
    {
        choices = [[NSArray alloc] initWithObjects:
                   @"Daily", @"Weekly", @"Monthly", nil]; 
    }
    return choices;
}
Writing the same functionality as a C function makes it even more general:
NSArray *frequencyChoices(void)
{
    static NSArray *choices;
    if (choices == nil)
    {
        choices = [[NSArray alloc] initWithObjects:
                   @"Daily", @"Weekly", @"Monthly", nil]; 
    }
    return choices;
}
The advantage of a class method though, is that you could override it in a subclass if that might ever prove handy.