Legal

Products and Services

a) Offers

Nothing contained in this Site constitutes an offer to buy or sell products or services of Investors Group or any of its affiliates. All products and services are subject to the terms and conditions of any applicable applications, contracts, prospectuses and laws. Investors Group’s products and services and those of its affiliates are available only in Canada in those jurisdictions where they may be lawfully offered for sale. If you reside in Canada, further information about Investors Group products and services may be obtained by contacting an Investors Group Consultant or office.

b) Prospectuses

Important information about any mutual fund is contained in its Simplified Prospectus, Annual Information Form, Fund Facts document and in its Management Report on Fund Performance. This includes the fund’s investment objective, purchase options and applicable charges. You can view a copy of these documents on this website, or at www.sedar.com. All mutual funds are sold by Prospectus. This Site should not be considered an offer to sell or a solicitation to buy any mutual fund or other products or services available from Investors Group.

c) Performance

Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated.. The performance data provided assumes reinvestment of distributions only and does not take into accounts sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any government deposit insurer.

In the case of managed asset programs (such as iProfile™), commissions, trailing commissions, management fees and expenses all may be associated with mutual fund or pool investments and the use of an asset allocation service such as iProfile. Please read the Prospectus of the mutual funds or pools in which investment may be made under the asset allocation service before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) assuming the investment strategy recommended by the asset allocation service is used and after deduction of the fees and charges in respect of the service. The return(s) is (are) based on the historical annual compounded total returns of the participating funds including changes in units, value and reinvestment of all dividends or distributions and does (do) not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder in respect of a participating fund or pool that would have reduced returns. Mutual funds and pools are not guaranteed, their values change frequently and past performance may not be repeated.

In the case of money market funds, there can be no assurances that the fund will be able to maintain its net assets 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. Performance information for money market funds is an annualized historical yield based on the seven day period ended on the date shown where the performance information is posted (annualized in the case of effective yield by compounding the seven day return) and does not represent an actual one year return.

d) Mutual Fund Pricing

The value of units or shares of a mutual fund or of Investors Group Corporate Class Inc. are calculated as at the close of business each day (except for units in Investors Real Property Fund, which are calculated twice a month). Subject to any delays as described below, any such unit or share value (and the balances of any mutual fund or share accounts) are shown as of the close of business of the immediately preceding business day.

e) Pricing and Timing

The availability of information regarding account balances or values, or transactions on those accounts, may be delayed by one or both of:
(i) delays in the processing and posting of instructions and orders given to Investors Group or to your Consultant; and
(ii) delays in the delivery to Investors Group of data (including the valuation of mutual funds, stocks, bonds and account balances).

As a User, you are cautioned as a result:
(iii) not to rely on the information which is accessible or viewed on this Site for making any financial or investment decisions, including the purchase, redemption or transfer of investments; and
(iv) to note the date indicated on this Site as of which the posted information is effective.

f) Mortgage Default Insurance Disclosure:

When homebuyers provide a down payment of less than 20% of the purchase price or appraised value of their property, Federally regulated lenders, including Investors Group Trust Co. Ltd., are required by the Government of Canada to obtain Mortgage Default Insurance. Mortgage Default Insurance protects the lender in the event the mortgage borrower defaults on the mortgage agreement. In most circumstances, “default” would imply the mortgage payments have not been made.

Mortgage Default Insurance helps to ensure the lender is able to recover the outstanding principal amount of the mortgage plus expenses from the sale of the foreclosed property. This type of insurance is provided to the lender by Canada Mortgage and Housing Corporation (CMHC), Genworth Canada or Canada Guaranty. It is not the type of insurance that protects the borrower against death, serious illness or disability.

The amount of insurance premium is determined by CMHC, Genworth Canada or Canada Guaranty based on a calculation of the percentage of the amount borrowed and other specific factors, including:

  • Loan to value ratio
  • Amortization period
  • Owner occupied vs. rental property

The Mortgage Default Insurance premiums will be charged to the borrower and can be paid as a lump sum or added to the mortgage balance.

Each mortgage insurer has its own criteria for evaluating the borrower and the property and decides whether or not a mortgage can be insured. There may be cases when a mortgage application is approved by a lender but declined by a mortgage insurer. If this happens, the lender will not be able to provide the loan unless another insurer is prepared to insure the mortgage.

Mortgages with at least a 20% down payment are not typically required to be insured, but there may be instances where it will be required by the lender.