Where do I get information on my collective investment fund (CIF)? How do I know what securities are owned by my CIF?
There are two sources of information about your CIF:
- The bank that maintains the CIF (known as the sponsor)
- The company that provides the CIF as an employee investment option
You can request a written or electronic copy of the CIF plan from the bank. The plan contains information on the operation of the fund, including
- investment powers.
- fees and expenses.
- terms for admission to and withdrawal from the CIF.
- minimum frequency and method of valuations.
You can also request the latest annual financial report for the CIF from the bank or from the employee benefit plan administrator. The annual financial report lists all the assets owned by the fund.
Last Reviewed: April 2021
Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.