Introduction

The Canadian Investment Funds Standards Committee was formed in January 1998 by Canada's major mutual fund database and research firms with a self-imposed mandate to standardize the classifications of Canadian-domiciled mutual funds. This site outlines the goals and findings of the committee. The categories are in a constant state of review and as such the committee extends an invitation for comments from all Canadian mutual fund industry participants.

The primary purpose of the committee is to provide investors with a consistent set of mutual fund categories. The proliferation of mutual fund listings and analysis services has created confusion in the absence of industry-standardized fund categories. While the committee recognizes that no fund category scheme is suited for all purposes, establishing a standard is nonetheless considered beneficial for the mutual fund investor.

 

CIFSC Completes Quarter-end Reclassification Review

May 29, 2014 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to March 31st, 2014 and will be reflected in the release of April 2014 month-end data. To see the results of the review, please click here.

 

CIFSC Announces Share Class Categorization Initiative

May 8, 2014 - In March 2014 the CIFSC voted to proceed with the share class categorization process. The purpose being to help users navigate the heterogeneous share class monikers used by Canadian investment fund companies. Data collection is the first phase in the process and will begin shortly and continue for approximately four weeks. Representatives from each Canadian investment fund company will be contacted to aid in the process. Please click [here]for details.


 

CIFSC Revises Category Definitions and Category Flow Chart Documents

April 2, 2014 - The CIFSC has issued new documents reflecting the recent changes to the category schema, effective with the release of March month-end data. The revised Retail Investment Fund Category Definitions is available here, and the revised Retail Investment Fund Category Flow Chart is available here. The website will reflect the category changes with the release of March month-end data, which will be available on the seventh business day.


 

CIFSC Category Alignments Announcement

Feb 6, 2014 - The CIFSC has completed a review of the category alignments in an effort to better and more appropriately categorize funds. The proposals were put up for a 30 day comment period on December 30th, 2013 (available here), after which the committee voted on whether or not to proceed with the changes. The changes will take effect on March 31st, 2014. For the results of the vote, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Feb 5, 2013 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to December 31th, 2013 and will be reflected in the release of January 2014 month-end data. To see the results of the review, please click here.

 

CIFSC Announces Committee Chair for 2014

Jan 3, 2014 - The Canadian Investment Funds Standards Committee (CIFSC) has elected Reid Baker, Manager, Analytics and Data Fundata Canada Inc. as its Chair for the coming year, effective January 1, 2014. To see the press release, please click here.

 

CIFSC Announces Category Alignment Proposal

Dec 30, 2013 - The CIFSC has completed a review of the current category structure in an effort to better and a more appropriately categorize funds. All decisions are up for comment until January 30th at which time the committee will make a final decision on whether or not to proceed with the changes. To view the details, please click here . Please submit comments via the Feedback.

 

CIFSC Completes Quarter-end Reclassification Review

Nov 5, 2013 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to September 30th, 2013 and will be reflected in the release of October 2013 month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Aug 7, 2013 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to June 30th, 2013 and will be reflected in the release of July 2013 month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

May 3, 2013 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to March 31st, 2013 and will be reflected in the release of April 2013 month-end data. To see the results of the review, please click here.

 

CIFSC Revises Category Definitions and Category Flow Chart Documents

Mar 15, 2013 - The CIFSC has revised the category definitions document as well as the category flow chart document to reflect the category changes that will be going into effect on April 1, 2013. To view the revised documents please click CIFSC Category Definitions 2013 or CIFSC Category Flow Chart. Please click CIFSC Category Definitions 2013 for French. To see the list of reclassifications due to the category changes please click here.


 

CIFSC Completes Quarter-end Reclassification Review

Jan 31, 2013 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to December 31st, 2012 and will be reflected in the release of January 2013 month-end data. To see the results of the review, please click here.

 

CIFSC announces Committee Chair for 2013

The Canadian Investment Funds Standards Committee (CIFSC) has elected Brian Bridger, Director, Analytics and Data at Fundata Canada Inc. as its Chair for the coming year, effective January 1, 2013. To see the press release, please click here.

 

CIFSC Category Alignments Announcement

Dec 31, 2012 - The CIFSC has completed a review of the current category structure in an effort to better and a more appropriately categorize funds. All decisions are up for comment until January 30th at which time the committee will make a final decision on whether or not to proceed with the changes. To view the details, please click here. Please submit comments via the Feedback.

 

CIFSC Completes Quarter-end Reclassification Review

Oct 31, 2012 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to September 30th, 2012 and will be reflected in the release of October 2012 month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Aug 08, 2012 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to June 30st, 2012 and will be reflected in the release of July 2012 month-end data. To see the results of the review, please click here.

 

CIFSC Revises Category Definitions Document

Apr 30, 2012 - The CIFSC has revised the category definitions document pertaining to the section regarding Sector Classifications. To review or print the revised version of the document, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Apr 30, 2012 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to March 31st, 2012 and will be reflected in the release of April 2012 month-end data. To see the results of the review, please click here.

 

CIFSC Announces changes to Policies and Procedures

Feb 29, 2012 – The CIFSC has made changes to the Policies and Procedures regarding the process for category changes under Section A / Part 1 / 1.2 / point 7. The new procedures will take effect immediately. The new Policies and Procedures document is available here.

 

CIFSC Completes Quarter-end Reclassification Review

Jan 31, 2012 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data up to December 31st, 2011 and will be reflected in the release of Jan 2012 month-end data. To see the results of the review, please click here.

 

CIFSC announces Committee Chair for 2012

The Canadian Investment Funds Standards Committee (CIFSC) has re-elected Reid Baker, Senior Analyst, Investment Analytics and Research at Fundata Canada, as its Chair effective Jan 1, 2012. To see the press release, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Nov 2, 2011 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of Sepemtember 30th, 2011 and will be reflected in the release of Oct 2011 month-end data. To see the results of the review, please click here.

 

2011 Category Changes Announcement

September 13, 2011 - Please be advised of the following category changes resulting from the Canadian Investment Funds Standards Committee’s decision to remove the Science and Technology Equity category. The Changes are based on data up to July 31st, 2011 and will be reflected in the release of August 2011 month-end data. For more information, please click here.

 

2011 Category Revisions

Aug 8, 2011 - The Canadian Investment Funds Standards Committee (CIFSC) has completed a review of the Science & Technology Equity category and has made the decision to remove the category. For more information, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Aug 8, 2011 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of June 30st, 2011 and will be reflected in the release of July 2011 month-end data. To see the results of the review, please click here.

 

2011 Category Changes Announcement

Jul 13, 2011 - The CIFSC has reviewed the category schema and will be making the following changes. For more information, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

May 6, 2011 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of March 31st, 2011 and will be reflected in the release of April 2011 month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Feb 7, 2011 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of December 31st, 2010 and will be reflected in the release of January 2011 month-end data. To see the results of the review, please click here.

 

CIFSC Introduces New Chair

The Canadian Investment Funds Standards Committee (CIFSC) has introduced Reid Baker, Analyst, Investment Analytics and Research at Fundata Canada, as its Chair effective Jan 1, 2011. To see the press release, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Nov 4, 2010 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of September 30th, 2010 and will be reflected in the release of October 2010 month-end data. To see the results of the review, please click here.

 

2010 Category Revisions

July 29, 2010 - The CIFSC has completed the 2010 revisions of its Retail Investment Fund Category Definitions. The revisions are effective August 1, 2010 and will be reflected in the release of July month-end data, which will occur in early August. For more information, please click here.

 

Quarterly Review Reclassifications

The CIFSC has completed its quarter-end reclassification review. The proposed changes are based on the new category schema using data as of June 30th, 2010. The committee will be accepting feedback on the reclassifications until Friday, July 31st. To see the results of the review, please click here.

 

2010 Category Changes Announcement

Jul 12, 2010 - The CIFSC has reviewed the category schema and will be making the following changes. For more information, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

May 7, 2010 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of March 31st, 2010 and will be reflected in the release of April 2010 month-end data. To see the results of the review, please click here.

 

CIFSC Introduces New Chair

The Canadian Investment Funds Standards Committee (CIFSC) has introduced David O’Leary, Manager of Fund Analysis at Morningstar Canada, as its Chair effective April 1, 2010. To see the press release, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Feb 8, 2010 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of December 31st, 2009 and will be reflected in the release of January 2010 month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Nov 6, 2009 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of September 30th, 2009 and will be reflected in the release of October month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

Aug 10, 2009 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of June 30th, 2009 and will be reflected in the release of July month-end data. To see the results of the review, please click here.

 

CIFSC Completes Quarter-end Reclassification Review

May 7, 2009 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of March 31st, 2009 and will be reflected in the release of April month-end data. To see the results of the review, please click here.

 

2009 Comment Period Notice

May 1, 2009 - The CIFSC has released its decision concerning the revisions to the category definitions for 2009. Please click here for details.

 

CIFSC Completes Fourth Quarter Review

Feb 5, 2009 - The CIFSC has completed its quarter-end reclassification review. The changes are based on data as of December 31st, 2008 and will be reflected in the release of January month-end data. To see the results of the review, please click here.