Where to get information before you invest

You need clear information to make investmentInvestment An item of value you buy to get income or to grow in value.+ read full definition decisions, which is why public companies and investment funds are required to disclose key information to investors. Find out what information you’re entitled to receive and what it means.

Information about public companies and investment funds

Before you investInvest To use money for the purpose of making more money by making an investment. Often involves risk.+ read full definition in a public company, get the information you need to make an informed decision. Learn where to find company information and how to monitor stock performance. You can find information online with the following resources:

  • System for Electronic Document Analysis and RetrievalSystem for Electronic Document Analysis and Retrieval The electronic system used by public companies and investment funds across Canada to officially file disclosure documents. You can access this information free of charge.+ read full definition (SEDARSEDAR See System for Electronic Document Analysis and Retrieval.+ read full definition) – SEDAR is the electronic system for the official filing of documents (called disclosure documents) by public companies and investment funds across Canada. You can access this information free of charge.
  • System for Electronic Disclosure by Insiders (SEDI) – SEDI is a mandatory filing system that collects the reports of all securities transactions made by people who are considered insiders of a company (for example, officers and directors of a company). You can access this information free of charge.
  • Company website – Most publicly traded companies post annual reports and other financial information on their websites.

If disclosure documents are late or incorrect

If a public company or investment fund files certain disclosure documents late, it will be placed in default on the Reporting Issuers List. The list can also tell you if a company or fund is in default of other disclosure requirements. If a disclosure document has incorrect information, the Ontario Securities CommissionOntario Securities Commission An independent Crown corporation that is responsible for regulating the capital markets in Ontario. Its mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster confidence in fair and efficient capital markets.+ read full definition (OSCOSC See Ontario Securities Commission.+ read full definition) may require the company or fund to refile or correct the information. If the company refiles a document, as a result of an OSC review, the company or fund is placed on the OSC’s Refilings and Errors List.

Depending on the nature and severity of the default the OSC may issue a cease trade order or take enforcement action. Learn more about cease tradeTrade The process where one person or party buys an investment from another.+ read full definition orders and what to do if you hold stock in a company that has been ordered to stop trading.

Information about mutual funds

Before investing in a mutual fundMutual fund An investment that pools money from many people and invests it in a mix of investments such as stocks and bonds. A professional manager chooses investments that match the fund’s goals for risk and return. You can redeem your fund units at any time.+ read full definition, consider key information like cost and performance, risk, and the fund’s goals and management by asking these 5 questions.

You can find information on goals, risk, performance, costs and management in Fund FactsFund Facts A user-friendly guide that provides key information about a mutual fund including fees and performance. Mutual fund companies are required to give investors a copy of Fund Facts before they decide to purchase a fund.+ read full definition – a plain language summary of key information about the fund. See a sample Fund Facts. Beginning May 30, 2016, mutual fund companies are required to give investors a copy of Fund Facts before they decide to purchase a conventional mutual fund.

Learn more about mutual fund performance.

Using past performance

A mutual fund’s past performance can’t tell you how it will perform in the future, but it can give you an idea of how the fund has performed in different market conditions.

Caution

Make sure the documents you review are up to date. A lot can happen even over a short period of time.

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