Legal

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.

Legal notices
Disclosures
Website use
Trademark and copyright information

Legal notices

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.

V. Information
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 matters.

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.

VII. Indemnification
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]

Disclosures

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 returns.

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 investment returns.

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 investors.

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 rating.

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 called leveraging.

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]

Website use

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 only.

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.

XX. Termination
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.

XXI. Cookies
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 form.

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 website.

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]