The Fund Profile shows detailed information for one particular fund, including key facts, investment objectives, portfolio manager profiles and top holdings with links to Report on Business company snapshots. Price and performance data are updated daily for most funds. Returns as of month-end with comparisons to a benchmark and the asset class average are also shown.
Most of the details provided in the report are self-explanatory, but descriptions for some of the data are provided below. Unless otherwise indicated, the data reflect the most recent data as reported by the fund company.
Fund Sponsor - the company that issues the fund. Click the fund company name to see a Company Profile.
Managed By - Click the fund company name to see a profile of the portfolio manager(s).
Fund Type - A definition of the possible fund types follows:
MF Trust/MF Corp/Other - An open-end mutual fund continuously issues and redeems units, so the number of units outstanding varies from day to day. Most mutual funds are open-ended.
Pooled - A pooled fund is a unit trust in which investors contribute funds that are then invested, or managed, by a third party. A pooled fund operates like a mutual fund, but is not required to have a prospectus under securities law. Pooled funds are offered by trust companies, investment management firms, insurance companies, and other organizations.
Segregated - Segregated funds are offered exclusively by life insurance companies and are subject to the same regulatory provisions as other insurance products. Segregated funds are managed and invested like other mutual funds but are segregated, or kept separate, from the company's general assets. Segregated funds are better at providing temporary security over long-term income, but they also offer maturity as well as death benefits to its holders. Segregated funds are required by law to provide a minimum return of 75% of the original investment after 10 years or upon the fund holder's (beneficiary's) death, with some companies guaranteeing 100% of all fund holdings.
Total Assets - total net assets under management by the fund.
Load Type - indicates the type of sales charge on a fund. Load type can be Front End, Back End, Both (front-end and back-end loads are charged), No Load or Optional (load is optional).
Mgmt Expense Ratio - Management Expense Ratio (MER) is a measure of the total costs associated with managing a fund as a percentage of total (net) assets. Instead of MER, some fund companies provide the Management Fee, which is strictly the cost associated with managing the fund and does not include costs such as brokerage fees, taxes, marketing and administrative costs. The Management Fee will be shown with an 'm' beside the fee to distinguish it from MER.
Closed - indicates whether the fund is open to new investments. N indicates the fund is open to new investments; Y indicates it is not.
5-Star Rating - The Globefund 5-Star Ratings, based on a system developed by Algorithmics Inc., provide a simple rating for most mutual funds in Canada. Funds are ranked from one to five stars, with the top ranked funds getting five stars and the lowest ranked funds getting one star. Click here for more information.
RRSP Eligibility - Yes indicates the fund is fully eligible for inclusion in an RRSP. No indicates the fund is not eligible to be included in an RRSP.
Restricted - N indicates the fund is available for sale across Canada. Y indicates the fund is restricted for purchase due to limited availability for sales in selective provinces, high initial investment requirement or group sales criteria.
Quartile Rank - Quartile rankings are a measure of how well a fund has performed against all other funds in its asset class. The rankings range from 1 to 4 for 3-year return as of month end period. Mutual funds with the highest percent returns are assigned to a quartile of 1, whereas those with the worst returns are assigned a quartile of 4.
3 year risk - A statistical measure of the month-to-month ups and downs of a fund's returns. Money market funds, which have stable asset values, have standard deviations close to zero. Volatile, aggressive, growth funds can have standard deviations of 12% or more.
3 year beta - A measure of a fund's volatility in relation to the market index. In general, the volatility of the index is considered to be 1.00, so a beta of 1.50 would indicate a volatility level 50% greater than that of the market index.
Growth of $10,000 Chart - Represent the growth of $10,000 investment from last pricing date of the start period to last pricing date of the end period.
Top Holdings - Report on Business company snapshots are available for Canadian-incorporated companies in the Top Holdings list. Snapshots contain primary contact information, the latest financial data and a link to the company's Web site. Click the company name to view its snapshot.
Symbol - Standardized exchange traded symbol. Click the symbol to view detail stock profile.
Sector - Representation of Industry Sector belongs to each security.
- Performance Return in Top Holding section- Percent change in stock price for selected 1 week, 1 month, 3 months, 6 months, YTD, 1 year and 3 years period.
Distribution Report - The Distribution Report shows the frequency, date and amount of the fund's income dividends and capital gains distributions for the past 18 months. This report is updated daily. A description of some of the data shown in this report follows.
Total (Current Period) - the sum of the income dividend and capital gain distributions issued on a particular date
Trailing 12-Months Total - the total of all distributions issued in the previous 12 months
Portfolio Manager(s) - The Portfolio Manager(s) section provides a description of the fund manager and data showing their level of success with the fund. In some cases, a fund is managed by a team and individual names are not provided by the fund company. If a fund is managed by more than one person, the following information is given for each person.