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Your investment portfolio statement

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Your investment portfolio statement contains valuable information and insight into your financial standing. It serves to complement the guidance provided by your Investment Advisor. That’s why the communication you receive from us will be simple to read and allow you to track your portfolio’s progress between the discussions you have with your advisor.

To help you get the most value out of your statement, this guide explains the features and benefits of each section.

Starting this November, you may receive the redesigned version of your statement (for the period ending October 31, 2016).

Guided tour of your statement

We paid attention to every detail to give you a statement that is simple to understand and logically laid out in a reader-friendly landscape format. The first page features a quick overview of your investment portfolio value and asset allocation, while the second page contains other important information regarding your statement. Detailed information on each of your accounts is organized into separate sections on the following pages.

Here’s a detailed overview of the important information found in each section of your statement.
      






1. Portfolio Summary

Track the progress of your investments with a summary of the total market value of your accounts in Canadian dollars, for both the current and previous period.

Consult the Account Type column for a list of the account types and currency held in your portfolio.

You can also refer to the Foreign Exchange Rate section to see the rate used to convert other currencies in CAD.




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2. Portfolio Asset Allocation

View the breakdown of your portfolio holdings in Canadian dollars by asset classes, including:

  • cash and equivalents
  • fixed income securities and fixed income funds 
  • equities and equity funds
  • other assets
The colour coded pie chart provides a visual snapshot of the asset allocation of your overall portfolio.





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3. Inside this Statement

Refer to this table of contents for quick access to specific account information.

The Annual Reports refer to the Investment Performance Report and the Annual Fees and Compensation Report. These reports will only be featured once a year with your December investment portfolio statement.


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4. Portfolio Information

Find key information about your portfolio, including :

    • client identification number, consisting of a combination of six digits and letters
    • delivery preferences (electronic or hard copy) for various documents such as your investment portfolio statements, trade confirmations, and tax slips
    • duplicate copy requests (if any) to be sent to a third party



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5. Your Advisory Team

Get in touch with a member of your advisory team for any questions or request you may have related to your investment portfolio or to inform them of changes to your financial or personal situation.

You can also find your branch address, phone number and the firm website in the upper left corner of the first page, under the firm’s logo.



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6. Foreign Exchange Rates

Consult the foreign exchange rates* used to convert your Portfolio Summary and Portfolio Asset Allocation amounts into Canadian dollars.

*The exchange rate used for currency conversion is subject to change without prior notice. A change of rate can lead to changes in the value of your investments.


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7. Additional Information

Review pertinent information related to your statement, such as:

  • Information concerning your account
  • Legal and regulatory notices
  • A glossary of essential terms
  • A list of abbreviations used in your statement
  • An explanation of the footnotes which could appear in the Asset Details section


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8. Bulletin Board

Receive updates about specific topics, important information or regulatory changes pertaining to your investment portfolio.


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9. Cash Flow Summary

Monitor your cash flow activity and see where your money is going and coming from during the statement period for the following activities*:

  • Investments bought, sold or redeemed: all buy and sell transactions, redeemed securities, debt maturities, and exercise or expiration of stock options.
  • Withdrawals or deposits: any cash withdrawals and deposits, cash contributions to registered accounts, and payments made by a third party (reimbursement, grant, subscription).
  • Management and custody fees: amounts you paid for fee-based services.
  • Interest: interest you paid (debit) or interest paid to you (credit) from investments held in your account.
  • Dividends: dividends you received.
  • Distributions: income generated from various types of investments such as mutual funds, real estate investment trusts (REITs), income trusts, etc.
  • Withholding taxes: taxes withheld at source (i.e. on withdrawals from registered accounts).
  • Administrative fees: administrative fees related to your account.
  • Other: federal and/or provincial taxes such as GST, QST and HST.

*Above items represent a non-exhaustive list of examples for each type of activity.

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10. Asset Details

Focus in on securities held in a particular account by asset category: cash and equivalents, fixed income securities and fixed income funds, or equities and equity funds. Cash equivalents refer to fixed-income securities with a maturity term of less than one year, money market funds and savings bonds. The percentage column displays what each security represents in the total market value of your investment portfolio.

The status column provides information on how securities in your accounts are held. The two main categories are :

  • SEG (segregated): Fully paid securities that are segregated and held for you.
  • UNSG (unsegregated): Securities being held as collateral for your margin loan, and are therefore not segregated.


Discretionary Managed Solutions


If you hold a Discretionary Managed Solution in your account, a separate Asset Details section will show the managed solution product as well as its underlying investments (when applicable)

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11. Activity Details

Review all the activities that have occurred in your account in chronological order during the period covered by your statement. For each activity, the settlement date, description, quantity and price are clearly shown, as are the net amount and the balance, which reflects the change in cash.

Pending transactions

Transactions whose settlement date is after the statement period will be clearly listed in a separate section. Those transactions will not be included in the current month's Portfolio Summary, Cash Flow Summary and Asset Details sections. However, they will be reflected in the following month's investment portfolio statement.

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12. About Your Registered Account

Review useful information related to the registered account(s) held in your portfolio. The following is an example of the type of information that may be included in this section.

RRSP (individual or spousal)

Information you’ll find about your RRSP :

  • The designated beneficiary(ies) we have on file for you.
  • Your year-to-date contributions (split for the first 60 days of year and the remainder of the year)
  • Amounts contributed to your personal and/or spousal RRSP (should it be the case)

RESP (individual or family)

Information you’ll find about your RESP :

    • The plan beneficiary(ies) name(s), date of birth and distribution of contributions
    • Your contributions as well as federal and provincial grants* received in this plan

 *Based on your province of residence.

RRIF (individual or spousal)

Information you’ll find about your RRIF :

  • The designated beneficiary(ies) we have on file for you.
  • The year-to-date amount withdrawn
  • The age used to calculate your payment as well as the minimum amount to be withdrawn during the year
  • Your selected amount, frequency and withholding tax rate* for the year

 *Based on your province of residence.

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Other useful information

Statement frequency
Your investment portfolio statement will be sent to you at the end of each quarter and at the end of any month in which there has been a transaction in one or more accounts.

Accounts designation
Details on each account appear in their own section and are clearly identified with a title including the currency, the account type and the account number. If you hold a fee-based account, the program name will appear next to the account number on the page displaying detailed information on the account.

Amounts in parentheses
Amounts that appear in parentheses represent negative values (e.g., ($136.27)). If you see parentheses around your account balance, you’ll need to cover this debit quickly in order to avoid interest charges or liquidating transactions in your account (except in margin accounts, which are allowed to carry a certain negative balance).

Interest and dividends details
You can find a summary of interest and dividends in the Cash Flow Summary. The detailed list appears in the Activity Details section.

      

This guide is intended to provide clients with a better understanding of their investment portfolio statement features and to address potential questions. It is not to be construed as a recommendation to buy or sell the securities that may be mentioned herein or for any products or services offered by National Bank Financial. Security values depicted in images are for illustrative purposes only and may not reflect the value of the relevant security as of the date shown.

National Bank Financial is a subsidiary of National Bank of Canada. National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).