By accessing and using this website you acknowledge that you have read,
understood, and agree to accept and be bound by the terms of the legal
notices set out below. The legal notices may be modified by us from
time to time without notice, by posting any changes within this document.
Your continued access or use of the services provided by this website
will mean you accept the terms of the legal notices including any changes
made to them. If you do not accept any of the terms below, please discontinue
use of this website and any of its associated pages. The laws of the
Province of Ontario and any applicable federal laws of Canada will govern
these terms and your use of this website.
Trademark and copyright information
I. About Quadrus Investment Services Ltd.
Quadrus Investment Services Ltd. (“Quadrus”) is one of the
largest mutual fund dealers in Canada. Quadrus is a member of the Great-West
Lifeco Inc. group of companies, which includes The Great-West Life Assurance
Company, London Life Insurance Company and The Canada Life Assurance
Company. A distributor of registered and non-registered mutual funds,
Quadrus represents multiple fund managers and offers an exclusive family
of funds by being the principal distributor of Quadrus Group of Funds.
II. About Mackenzie Financial Corporation
Mackenzie Financial Corporation (the “Manager”) is the sponsor
and manager or trustee of Quadrus Group of Funds and is a multi-faceted
investment management and financial services corporation founded in
1967. The Manager is a member of the IGM Financial Inc. group of companies
(TSX: IGM) and operates directly in North America and internationally
through partner sub-advisor firms. The Manager’s core business
is the management of mutual funds on behalf of North American investors.
The Manager manages and administers more than 100 investment funds,
including mutual funds, segregated funds, pooled funds, pension funds,
labour sponsored funds and structured products.
III. About the Strategic Charitable Giving Foundation
The Foundation is a non-profit charitable corporation registered as
a public foundation with the Canada Revenue Agency and with the Quebec
Ministry of Revenue. The objective of the Foundation is to receive and
maintain charitable giving funds and to apply all or part of the principal
and income from those funds to a donor’s favourite charity and
other permitted entities. The Foundation is governed by a Board of Directors
and the majority of the Board is independent of Quadrus, the Manager
and their affiliates.
IV. Non-Canadian investors
Quadrus Group of Funds products and services are only offered in jurisdictions
where they may be lawfully offered for sale. All products and services
are subject to the terms of each and every applicable agreement. It
is important to note that not all products, services and information
are available in all jurisdictions outside Canada. This site should
not be considered an offer to sell or solicitation to buy any investment
fund or other product, service or information to anyone in any jurisdiction
in which an offer or solicitation is not authorized or cannot be legally
made or to any person to whom it is unlawful to make an offer or solicitation.
Prospective investors who are not resident in Canada should consult
with their investment representative to determine whether these products
and services may be lawfully sold in their jurisdiction.
The content of this website is provided for informational and educational
purposes only and does not constitute specific advice regarding your
personal investment situation or provide specific individual advice
about investment, insurance, financial, legal, accounting, tax or similar
Information contained on this website is believed to be accurate and
reliable at the time of posting, however, we cannot guarantee that it
is accurate or complete or current at all times. In the event of a conflict
between the information contained on this site and the terms contained
in any Quadrus Group of Funds products or services, the terms of such
products or services will prevail.
The information provided is subject to change without notice and neither
Quadrus nor the Manager can be held liable for any loss arising from
any use of or reliance on the information contained on this website.
VI. No warranties
All information is provided “as is” without any warranties
of any kind and Quadrus, the Manager and their affiliates and their
respective officers, directors, employees or agents (collectively, the
“Quadrus Parties”) make no representations and disclaim
all warranties of any kind, express or implied, statutory or otherwise,
including, without limitation, representations, warranties or conditions
regarding accuracy, timeliness, completeness, non-infringement, security,
compatibility, merchantability or fitness for any particular purpose
and the Quadrus Parties assume no responsibility to you or any third
party for the consequences of any errors or omissions.
Unless otherwise expressly indicated, all information is unaudited
and there is no representation that the financial information has been
prepared in accordance with generally accepted accounting principles.
In addition, the Quadrus Parties do not represent or warrant
that the website will be available and meet your requirements, that
access will be uninterrupted, that there will be no delays, failures,
errors (including typographical) or omissions or loss of transmitted
information, that no viruses or other contaminating or destructive properties
will be transmitted or that no damage will occur to your computer system.
You have the sole responsibility for adequate protection and backup
of data and equipment and to take reasonable and appropriate precautions
to scan for viruses or other destructive properties.
As a condition of use of this website, you agree to indemnify Quadrus
and the Manager for any and all claims, losses, liabilities and expenses,
including but not limited to legal fees arising from your use of this
website or your violation of the legal notices.
VIII. Independent views
Views expressed regarding a particular company, security, industry or
market sector are the views of only that speaker or author as of the
time expressed and do not necessarily represent the views of Quadrus
or the Manager. Any such views are subject to change at any time based
upon markets and other conditions. Quadrus and the Manager disclaim
any responsibility to update such views. These views are not a recommendation
to buy or sell and may not be relied on as investment advice and, because
investment decisions for Quadrus Group of Funds are based on numerous
factors, may not be relied on as an indication of trading intent on
behalf of any such fund.
Speculation or stated beliefs about future events, such as market and
economic conditions, company or security performance, upcoming product
offerings or other projections are “forward-looking statements.”
These forward-looking statements represent the beliefs of the speaker
or author and do not necessarily represent the views of Quadrus or the
Manager. General business, market, economic and political conditions
could cause actual results to differ materially from what the speaker
or author presently anticipates or projects.
IX. Forward-looking statements
This website may contain forward-looking statements that reflect current
expectations or forecasts of future events. Forward-looking statements
include statements that are predictive in nature, depend upon or refer
to future events or conditions, or include words such as “expects”,
“anticipates”, “intends”, “plans”,
“believes”, “estimates”, “preliminary”,
“typical” and other similar expressions. In addition, these
statements may relate to future corporate actions, future financial
performance of a fund or a security and their future investment strategies
and prospects. Forward-looking statements are inherently subject to,
among other things, risks, uncertainties and assumptions that could
cause actual events, results, performance or prospects to differ materially
from those expressed in, or implied by, these forward-looking statements.
These risks, uncertainties and assumptions include, without limitation,
general economic, political and market factors in North America and
internationally, interest and foreign exchange rates, the volatility
of global equity and capital markets, business competition, technological
change, changes in government regulations, changes in tax laws, unexpected
judicial or regulatory proceedings, catastrophic events and the ability
of Quadrus or the Manager to attract or retain key employees. The foregoing
list of important risks, uncertainties and assumptions is not exhaustive.
Please consider these and other factors carefully and do not place undue
reliance on forward-looking statements.
The forward-looking information contained on this website is current
only as of the date the statement was made. There should not be an expectation
that such information will in all circumstances be updated, supplemented
or revised whether as a result of new information, changing circumstances,
future events or otherwise. [Top]
X. Mutual funds disclosure
Each mutual fund has a simplified prospectus, which contains important
information about the fund, including its investment objective, purchase
options and applicable charges. Please read the prospectus of the funds
in which investments may be made before investing.
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. The indicated rates
of return for the funds are the historical annual compounded total returns
including changes in unit value and reinvestment of all distributions
and do not take into account sales, redemption, distribution or other
charges or income taxes payable by any investor that would have reduced
Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated. Mutual fund securities are not
insured by the Canada Deposit Insurance Corporation or by any other
government deposit insurer.
With respect to money market funds, the performance data provided assumes
reinvestment of distributions only and does not take into account sales,
redemption, distribution or other charges or income taxes payable by
any investor that would have reduced returns. There can be no assurances
that the fund will be able to maintain its net asset value per security
at a constant amount or that the full amount of your investment in the
fund will be returned to you. Past performance may not be repeated.
XI. Index disclosure
The indices cited are widely accepted benchmarks for investment performance
within their relevant regions, sectors or asset class, represent non-managed
investment portfolios, and are not necessarily indicative of future
XII. Distribution disclosure (including D series funds)
The payment of distributions is not guaranteed and may fluctuate. The
payment of distributions should not be confused with a fund’s
performance, rate of return or yield. If distributions paid by the fund
are greater than the performance of the fund, your original investment
will shrink. Distributions paid as a result of capital gains realized
by a fund, and income and dividends earned by a fund are taxable in
your hands in the year they are paid. Your adjusted cost base will be
reduced by the amount of any returns of capital. If your adjusted cost
base goes below zero, you will have to pay capital gains tax on the
amount below zero.
While investors in D series funds will be able to defer some personal
capital gains, they still must pay tax on capital gains distributions
that arise from the sale of individual fund holdings by fund managers,
and on interest and dividend distributions. If required, D series funds
will also pay a distribution that must be reinvested in December, consisting
of income and capital gains.
XIII. Quadrus corporate class funds disclosure
Overall, while corporate class funds provide tax-deferral advantages,
taxes are still inevitable. Corporate class funds only delay the capital
gain; they don’t allow you to avoid capital gains or tax liabilities
that are triggered when an investor leaves the corporate class fund
family. Funds may realize capital gains from trading activity (switches)
that may potentially increase capital gains dividends distributed to
XIV. Quadrus charitable giving program disclosure
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual funds. A charitable administration fee
and charitable operating expenses will also apply. Please read the prospectus
before investing and the program guide before donating. Mutual funds
are not guaranteed, their values change frequently and past performance
may not be repeated. The information is general in nature and is not
intended to be professional tax advice. Donations should not be made
for tax considerations alone. Each donor's situation is unique and advice
should be received from an investment representative.
XV. GLOBEfund 5-Star Ratings
Globefund 5-Star Ratings reflect performance as of a particular date
and are subject to change monthly. The ratings are an objective, quantitative
measure of a fund’s historical risk-adjusted performance relative
to other funds in its category. In conjunction with Algorithmics Inc.,
Globefund.com is a simple rating for most mutual funds in Canada. Globefund
5-Star Ratings will help you understand how well each fund has been
doing relative to similar funds. Mutual funds are divided into six broad
fund categories that closely match the asset allocation categories used
by investment representatives, as follows: growth (primarily mid-size
and large cap Canadian equity funds), growth and income (primarily balanced,
dividend and asset allocation funds), international growth (foreign
equity funds), aggressive growth (primarily small cap, geographic and
specialty funds), income (fixed income and mortgage funds) and capital
preservation (Canadian and foreign money market funds). The only qualification
for including a fund in the rating system is that it must have at least
two years of history. Currently, that means ratings are computed for
approximately 80 per cent of the 6,000 Canadian mutual funds that are
tracked. Once classified into one of these broad categories, all the
funds within that category compete with each other in terms of the best
score, and hence the best rating. A fund's score is a combination of
return and regret and is determined as follows:
On a monthly basis for each fund, month-by-month returns are computed
and subtracted from the returns of a 90-day Canadian T-Bill to get what
is known as the risk-free return for each month. If this result is positive
for any one month, it contributes to the fund's return. If it is negative,
it contributes to the fund's regret. Then, Globefund applies an averaging
method across each of these returns and regrets (with increasing weight
on the most recent data) to derive a final measure for return and for
regret for each fund. The final score for a fund is then computed as
the return score minus an adjusted regret score, where the adjustment
factor for the regret component is unique for each broad asset category.
Using the final scores for each of the funds in a category, funds are
ranked and then allocated a star rating for each. The top 10 per cent
of funds receive a five-star rating, the next 22.5 per cent a four-star
rating, the middle 35 per cent a three-star rating, the next 22.5 per
cent a two-star rating and the bottom 10 per cent of funds a one-star
XVI. Borrowing money to buy securities (leveraging)
A purchase of securities with borrowed money involves greater risk than
a purchase using cash only. The extent of that risk depends on the circumstances
of the investor and the type of investment purchased. If cash is used
to pay for the securities purchase in full, the percentage gain or loss
on the investment will equal the percentage increase or decrease in
the value of the securities. The purchase of securities using borrowed
money magnifies the gain or loss on the cash invested. This effect is
An investor should also be aware of the terms of a loan used to purchase
securities. The lender may require that the amount outstanding on the
loan not rise above an agreed percentage of the market value of the
securities. In these circumstances, the investor must pay down the loan
or sell the securities to return the loan amount to the agreed percentage.
If the investor does not have enough cash, the investor must sell securities,
even at a loss, to provide money to reduce the loan.
Money is also required to pay interest on the loan. Investors who borrow
money to purchase securities should have adequate financial resources
available to pay interest and reduce the loan if necessary. [Top]
XVII. Use of website
You assume full responsibility for risk of loss of any nature whatsoever
resulting from the use of this site.
Quadrus and the Manager are not responsible in any manner and will not
be liable to you or anyone else for any loss or damage of any nature
whatsoever (including direct, indirect, special, incidental, consequential,
exemplary or punitive damages, and without limitation, lost revenues
or profits, loss of prospective economic advantage, loss of goodwill
or failure to realize expected savings) resulting from your use or inability
to use this website or the information therein, or any web browsers
for any reason whatsoever.
In addition, neither Quadrus nor the Manager is liable for any action
or decision made by you in reliance on this website or the information
contained herein, or any unauthorized use or reproduction of the website
or the information, even if Quadrus or the Manager has been advised
of the possibility of loss or damages or could have foreseen the loss
or damages. Links to other websites from this website are for convenience
XVIII. No endorsements
Links to other websites or references to advice, opinions, information,
products, services or publications other than those at this website
do not imply the expressed or implied endorsement or approval of such
websites, advice, opinions, information, products, services or publications
by Quadrus or the Manager nor do we warrant such content to be accurate,
complete, reliable, verified, error-free or fit for any purpose.
Links from or to websites outside of this website are intended for
convenience only. Quadrus and the Manager do not review, approve, endorse
or control, and are not responsible for any sites linked from or to
this website, the content of those sites, the third parties named therein,
or their products and services. Linking to any other site is at your
own risk, and Quadrus and the Manager will not be responsible or liable
for any damages in connection with linking.
XIX. Confidentiality (Internet and e-mail)
Quadrus and the Manager cannot ensure the privacy and authenticity of
any information or instructions you send to us or that we send to you
over the Internet. Quadrus and the Manager will not be responsible for
any loss or damages you may incur if you communicate confidential information
to us over the Internet or if we communicate such information to you
at your request.
E-mail over the Internet is not a secure medium and privacy cannot
be assured. E-mail communication is not confidential, is subject to
possible interception or loss, and is also subject to possible alteration.
Quadrus and the Manager are not responsible for and will not be liable
for any loss or damages in connection with an e-mail containing personal
or confidential information sent by you to Quadrus or the Manager, or
an e-mail by Quadrus or the Manager to you at your request.
Neither Quadrus nor the Manager will ever send you an unsolicited e-mail
message requesting personal information. Beware of any such request.
It is likely a fraudulent attempt to gain valuable personal information,
a technique known as “phishing”. If you receive such a request,
or have any concern about the validity of an e-mail from Quadrus or
the Manager, a website purporting to be a Quadrus website, or our online
security, please notify
us immediately. Please attach any suspicious e-mail in its original
form, or in the case of a website please include the URL (address of
the website) in your notification.
You acknowledge and agree that Quadrus and the Manager may restrict,
suspend or terminate your access to, and use of, all or any part of
this website, including any links to third-party websites, at any time,
with or without cause, including, without limitation, any breach of
the terms of the legal notices set out herein, in their absolute discretion
and without prior notice or liability.
Cookies are small items of data that websites store in your browser.
These data files contain information the site can use to track and organize
the pages you have visited, and to gather information. Some of our web-based
applications use cookie technology to measure site activity and tailor
information to fit your personal interests. This helps us deliver a
superior website experience that is designed to be fast, secure and
personalized. Quadrus uses only session cookies, which means that cookies
placed by Quadrus are deleted when you close your browser. This helps
to protect your privacy and security. [Top]
Trademark and copyright information
XXII. Trademarks and copyrights
Quadrus Investment Services Ltd. and Quadrus Group of Funds are trademarks
of Quadrus Investment Services Ltd.
Certain names, words, titles, phrases, logos, icons, graphics or designs
or other content in the pages of this website may constitute trade names,
registered or unregistered trademarks or service marks (collectively,
the “trademarks”) of Quadrus, the Manager and their affiliates
or of third parties and are used under licence by Quadrus, the Manager
and their affiliates. However, the display of the trademarks on this
website does not imply that a licence has been granted to any third
party. All goodwill generated from the use of the trademarks on any
website will enure to the benefit of Quadrus and the Manager.
All information on this website is protected under the copyright laws
of Canada and other countries. The information is for your personal,
educational and non-commercial use only and may be used and reproduced
provided that it is not modified and that you maintain all copyright
and other notices contained in the website. The contents of the website
may not be otherwise used, copied, redistributed, reproduced, republished,
stored in any medium, retransmitted, modified or broadcasted, in any
Nothing in this document shall be construed as conferring any right
or licence under any copyright of Quadrus, the Manager or any other
person who owns the copyright in the content provided on this website.
Quadrus and the Manager disclaim any and all liability that may result
from any unauthorized reproduction or use of the information from this
Any unauthorized downloading, retransmission, or other copying or modification
of trademarks or the contents of this website may be a violation of
any federal or other law that may apply to trademarks and copyrights
and could subject the violator to legal action.
XXIII. Use of intellectual property rights
Quadrus and the Manager either own the intellectual property rights
in the underlying HTML, text images, audio clips, video clips, software
and other content that is made available to you on this website, or
have obtained the permission of the owner of the intellectual property
in such content to use the content on this website.
Quadrus and the Manager grant you a non-exclusive, personal, non-transferable,
non-sublicensable, limited and revocable right to display on your computer,
print, download and use the underlying HTML, text, images, audio clips,
video clips, software and other content that is made available to you
on this website for your personal, educational and non-commercial use
only, provided that you do not modify any such content and you include
with and display on each copy of such content the associated copyright
notice and this intellectual property notice. No other use is permitted.
You may not publicly perform, publicly display, transmit, publish,
participate in the sale or transfer of, modify, or create derivative
works based on anything available through the website, in whole or in
part. You are prohibited from storing electronically any significant
portion of any part of the website. No reverse engineering, linking,
framing, or modification of any part of this website is allowed without
our written approval. Any modification or unauthorized use is a violation
of the intellectual property rights and other proprietary rights of
Quadrus and the Manager. [Top]