April 1st, 2025
TORONTO, CANADA (April 1, 2025) – The CIFSC continuously monitors and analyses the categorization of funds, the current category definitions and structures, as well as any new and developing trends in the investment funds industry. The purpose of the review is to ensure the logical, consistent categorization of investment funds and to maximize the similarity of investment strategies and risk-return profiles within each category. Categories should have enough funds to allow for meaningful comparisons and rankings within the category.
On November 1st, 2024, the committee submitted a proposal for a variety of category changes, including:
• New Category Proposal for Equity Other and Fixed Income Other
• Addition of a section addressing concentrated portfolios to the “Notes on Classification Methodology”
• New Category Proposal for Healthcare Equity
• New Target Date Portfolio categories
• New Canadian and Global Core Plus Fixed Income categories
• High yield threshold and other changes to multiple fixed income categories
Following a 60-day comment period and subsequent revision of the proposal, the committee voted to accept the revised proposal on February 1st, 2025. The results follow. Approved changes are effective March 31st, 2025, and will be reflected in the release of March 2025 month-end data. Please click here to view the full change announcement.
The new English definitions may be found here.
The new French definitions may be found here.
The new flow chart may be found here.
