CIFC cheat sheet

Total return includes income and value change on a consistent basis.

Compounded returns apply to changing bases.

Approximate real return subtracts inflation; exact real return uses growth-factor division.

Bond price and required yield generally move inversely, all else equal.

Greater duration generally means greater small-yield-change sensitivity.

Diversification concerns underlying exposure, not the number of fund names.

Borrowing adds repayment obligations to variable investment results.

NAV per unit = (assets - liabilities) / units.

Read the correct fund and series documents.

A distribution reduces remaining fund value all else equal.

Reinvestment buys more units; it does not create wealth by mechanics alone.

Compare returns on matching income, period, currency and cost bases.

Do not deduct an expense twice from a net reported return.

A label such as balanced or target-date does not create a personal guarantee.

Start with the purpose, amount and timing of the money.

Risk tolerance and financial capacity are different.

Clarify inconsistent or changed facts.

Assess the product and resulting portfolio, not only the isolated fund.

Consider liquidity, cost, concentration and relevant alternatives.

A client request or waiver does not universally remove duties.

Document the actual reasoning and genuine instructions.

Investment risk and account tax treatment are separate.

Track additional acquisitions and reinvestment in ACB.

Return of capital generally reduces ACB.

Simple gain = proceeds - ACB - applicable selling expenses.

Use supplied tax rates in exercises, not remembered current assumptions.

Ordinary TFSA withdrawals generally restore room the next calendar year.

Routine RRSP withdrawal-room treatment is not the TFSA mechanism.

Address material conflicts; disclosure alone may be insufficient.

Represent guarantees, risk, costs and performance accurately.

Do not imitate signatures or use pre-signed blank forms.

Preserve the true record when correcting errors.

Verify new payment instructions securely.

Use the applicable complaint and safeguarding process.

Recognize professional limits instead of inventing certainty.

Legacy CIFC does not prove current IFSE booking availability.

CSI equivalence does not establish identical current content.

Course completion is not automatic registration.

Use the current rule for the actual role and jurisdiction.

Disclosure and suitability have complementary purposes.

Custody protection and market performance are different questions.

Regulatory status does not create an unsupported return guarantee.