Course curriculum

  • 1

    Introduction

  • 2

    The basics

    • Mutual fund developments

    • Mutual fund fees background info

    • Canadian mutual fund fees are among the highest in the world

    • Mutual fund fees: Sales charges (visible)

    • Mutual fund fees: Sales charges (visible) - Front end

    • Mutual fund fees: Sales charges (visible) - DSC

    • Mutual fund fees: Sales charges (visible) - Low-load

    • Mutual fund fees: Sales charges (visible) - No-load

    • Mutual fund fees: Sales charges (visible) - Fee-based

    • Mutual fund fees: Sales charges (visible) - HNW

    • Mutual fund manufacturers

    • MERs and TERs

    • Mutual fund financial statement example

    • Mutual fund fees: Ongoing Fees (invisible)

    • Management fees

    • Components of MER - chart

    • Mutual fund series (classes)

    • Mutual fund distribution channels
  • 3

    Required disclosures

    • Introduction to Sedar

    • Sedar.com basics

    • How to use Sedar.com

    • The Fund Facts document

    • Required cost disclosures

    • Required rate of return disclosures

    • Exercise - look at your own statement

    • Mutual fund fees: a global view

    • US: SEC Regulation Best Interest

    • CSA latest decision
  • 4

    Problems with mutual funds

    • Trends in advisor compensation

    • They don't have to discuss trailer fees

    • Trailing commissions are a huge drain on returns

    • Easy money: Automatic conversion arrangements

    • No fiduciary duty required
  • 5

    How the MER makes them rich

    • Mutual fund chart

    • ETF chart

    • Mutual fund vs ETF summary
  • 6

    The main alternative: ETFs

    • ETF basics

    • ETF types

    • ETF funds
  • 7

    Active vs passive investing

    • SPIVA introduction

    • SPIVA Canada scorecard

    • SPIVA U.S. scorecard

    • Morningstar Active/Passive Barometer

    • Net assets of mutual funds and ETFs

    • Net sales of mutual funds and ETFs

    • Mutual fund managers and number of funds

    • ETF Managers and number of funds

    • Mutual fund and ETF assets by asset class

    • Mutual fund annual asset growth

    • ETF annual asset growth
  • 8

    Mutual fund fee calculators

    • Mutual Fund Fee Calculator

    • Getsmarteraboutmoney Mutual Fund Fee Calculator
  • 9

    Comparing mutual funds and ETFs

    • Morningstar.ca
  • 10

    Getting out of mutual funds

    • The puke point

    • The steps to get out of mutual funds

    • How to do it

    • Transferring your account
  • 11

    Conclusion

    • Conclusion
  • 12

    Quiz for verifiable CPD

    • Quiz for verifiable CPD