Understanding your investment statement

Some investment dealers send statements to clients quarterly and others send them monthly. But whether they are quarterly or monthly, every statement provides:

  • Your balance at the beginning of the statement period;
  • All deposits, credits, withdrawals and debits to your account during the statement period, including the name of the investments being bought and sold and the date of the transaction, and in the case of investment funds, the number of units;
  • Your balance at the end of the statement period; and
  • The name and number of units of each mutual fund held in your account and whether it is subject to a deferred sales charge.

Your statement may contain some of the following terms:

  • Book value: The cost to acquire units, including commissions and fees.
  • Market Value: The value of your investment at a specific point in time. Changes in value can occur as a result of capital market performance and distributions. You do not realize a gain or loss until you sell your units.

Once a year, your statement will include two new reports. One report outlines how much you paid directly or indirectly in the past year for services that your dealer provided to you. The other report tells you how well your investments performed after costs have been deducted. Find this information by locating the term ‘personal rate of return’ (also referred to as ‘money-weighted rate of return’).