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Get to know your Portfolio Statement

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Your portfolio statement is one of the most important pieces of communication that you receive from us. It not only contains valuable information regarding your accounts but it also provides you with a clear view of your financial picture.

That’s why we’ve designed an intuitive, easy-to-read tool that helps you understand your portfolio. At a glance, you can track the progress of your investments to ensure that you reach your personal goals.

 

Understanding your portfolio statement

We paid attention to every detail to give you a statement that is simple to understand and logically laid out in a reader-friendly landscape format. The first page features a quick overview of your investment portfolio value and asset allocation, while the second page contains important information regarding your statement. Detailed information on each of your accounts is broken down into separate sections on the following pages. For more details, please consult the
Other important information section and browse the glossary of terms.

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1. Portfolio Summary

Track the progress of your investments with an overview of the total market value of your accounts in Canadian dollars, for both the current and previous period.


   

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2. Portfolio Asset Allocation

View the breakdown of your portfolio holdings in Canadian dollars by asset classes, including cash, fixed income securities, and equities. The colour coded pie chart provides a visual snapshot of the asset allocation of your overall portfolio.


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3. What’s New


Learn about our latest products and other industry-related topics – great tools to help you stay on top of industry news and trends.

Look for new promotional offers advertised next to the Cash Flow Summary section. These ads will feature current offers that may interest you.

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4. Portfolio Statement Information
Find key information about your account, including:
  • account root number
  • delivery preferences (electronic version or hard copy) for your portfolio statements, trade confirmations, and tax slips
  • duplicate copy requests* (this information won’t appear if you haven’t requested any duplicate copies)
*Please note that fees may apply.

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5. To Contact Us

Need assistance? Here is where you can find our contact information.  

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6. Foreign Exchange Rates
Consult the foreign exchange rates used to convert your Portfolio Summary and Portfolio Asset Allocation amounts into Canadian dollars.


     

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7. Inside this Statement
Refer to this table of contents for quick access to specific account information.

The Annual Reports refer to the Investment Performance Report and the Annual Fees and Compensation Report. These reports will only be featured once a year with your December portfolio statement.

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8. Additional Information

Learn more about the key features of your portfolio statement, including:

  • information concerning your brokerage account
  • applicable conditions
  • a glossary of essential terms
  • a list of abbreviations used in your statement
  • an explanation of the footnotes which could appear in the Asset Details section

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9. Important Notice

Stay informed on important news or regulatory changes pertaining to your brokerage account.

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10. Cash Flow Summary

Monitor your cash flow activity and see where your money is going and coming from during the statement period for the following activities*:

  • Investments bought, sold or redeemed: all buy and sell transactions, redeemed securities, debt maturities, and exercise or expiration of stock options.
  • Withdrawals or deposits: any cash withdrawals and deposits (electronic or not), cash contributions to registered accounts, and payments made by a third party (reimbursement, grant, subscription).
  • Interest: interest you paid (debit) or interest paid to you (credit) from securities in your account.
  • Dividends: dividends you received.
  • Distributions: income generated from various types of securities such as mutual funds, real estate investment trusts (REITs), income trusts, etc.
  • Withholding taxes: taxes withheld at source (i.e. on withdrawals from registered accounts) and non-resident withholding tax on dividends.
  • Administrative fees: account administrative fees related to your account.
  • Other: federal and/or provincial taxes such as GST, QST and HST.

*The list of examples presented for each type of activity is not exhaustive.

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11. Asset Details

Focus in on securities held in a particular account by asset category: cash and equivalents, fixed income securities, or equities and equivalents. Cash equivalents refer to fixed-income securities with a maturity term of less than one year, money market funds and savings bonds. The percentage column displays what each security represents in the total market value of your investment portfolio.

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12. Activity Details

Review all the activities that have occurred in your account in chronological order during the period covered by your statement. For each activity, the settlement date, description, quantity and price are clearly shown, as are the total amounts – including commissions if applicable – and the balance, which reflects the change in cash.

Transactions with a settlement date that is past the statement period will be clearly listed in a separate section. Those transactions will not be included in the current month’s Portfolio Summary, Cash Flow Summary and Asset Details sections. However, they will be reflected in the following month’s portfolio statement.

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13. About Your Registered Account

Find useful information related to your registered account, including the designated beneficiary(ies) and/or plan beneficiary(ies) we have on file for you.

Here’s a brief overview of the information you will find depending on the type of registered account you hold:

  • RRSP and TFSA: contributions
  • RESP and RDSP: contributions and grants*
  • RRIF and LIF: annual withdrawal amount, year-to-date amount withdrawn and withholding tax rate*
    
*Based on your province of residence.

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Other important information

Statement frequency

Your portfolio statement will be sent to you each quarter and any month in which there has been a transaction in one or more accounts.

Amounts in parentheses

Amounts that appear in parentheses represent negative values (e.g., ($136.27)). If you see parentheses around your account balance, you’ll need to cover this debit quickly in order to avoid interest charges or liquidating transactions in your account (except in margin accounts, which are allowed to carry a negative balance).

Interest and dividends details

You can find a summary of interest and dividends in the Cash Flow Summary. The detailed list appears in the Activity Details section. 

Why your statements are important

Brokerage accounts offered at National Bank Direct Brokerage are self-managed accounts; therefore there is no representative assigned to your account. This means that the portfolio statement we send you is our main communication with you. For this reason, it is very important that you take the time to read your statement and the information that it contains.

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This guide is intended to provide clients with a better understanding of their portfolio statement features and to address potential questions. It is not to be construed as a recommendation to buy or sell the securities that may be mentioned herein or for any products or services offered by National Bank Direct Brokerage. Security values depicted in images are for illustrative purposes only and may not reflect the value of the relevant security as of the date shown.

National Bank Direct Brokerage Inc. is a wholly owned subsidiary of National Bank of Canada. It offers no advice and makes no investment recommendations. The client alone is responsible for the financial and fiscal consequences of his or her investment. Member of the Canadian Investor Protection Fund.


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