Your quarterly statement now contains new information, and a few changes have made it simpler and more user-friendly
Personalized Rate of Return
Your statement now shows your personalized rate of return.
General information is now at the top of the statement.
This new section shows the total market value of your portfolio, by account.
This new section contains regulatory or operational news.
This annual report shows how much your investment advisory services cost you.
The report shows the total amount paid to FÉRIQUE Investment Services for distribution fees, services and advice you received (by telephone, in person, or through the website).
These fees are paid indirectly, as they are included in the management expense ratio (MER) of FÉRIQUE Funds. Gestion FÉRIQUE has estimated these fees for you and expressed them in dollars: they appear in the report on the line marked “Other.”
The annual Fees and Compensation Report does not show the total cost of your investments with FÉRIQUE, since it does not show the total MER for FÉRIQUE Funds, but rather the portion allocated to FIS.
If you want to fully understand all the costs associated with FÉRIQUE Funds, see the MER for each Fund, which appears in the Fund Facts document.
You will notice that, when you deal with FIS, you do not pay any administration fees or other fees associated with trades in FÉRIQUE Funds.
FIS essentially has a policy of not applying any additional fees to the management of your investments, such as initial sales charges or transfer fees, or administration fees for RRSP accounts. If you have an account with another broker, such fees may be charged; they would appear on that broker’s fee report and would be payable directly by you to the broker. These fees are calculated on top of the MER.
You will also see that you pay no trailing commissions or sales charges, either low or deferred. Thanks to its business model, Gestion FÉRIQUE pays no such fees on FÉRIQUE Funds.
If you have investments with more than one firm, you can now compare your costs—and draw your own conclusions.
This annual report shows how much your investments earn you.
Time-weighted rate of return
Takes into account:
Comparing the rates of return of different funds against each other or against the indices
Money-weighted rate of return
Also takes into account the moment and the amount of:
THE FÉRIQUE DIFFERENCE
With FÉRIQUE Investment Services, you get objective advice and personalized guidance at every stage of your life. You also have access to a family of funds designed for optimal diversification of your investments, with management fees that are among the lowest in the industry1. Better still, you pay no additional fees.
1 According to Fundata, FÉRIQUE Fund management expense ratios are among the lowest in the industry, when compared to equivalent funds in Canada.