Most Recent IFSE Institute CIFC Exam Dumps

Prepare for the IFSE Institute Canadian Investment Funds Course Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IFSE Institute CIFC exam and achieve success.

The questions for CIFC were last updated on May 15, 2025.

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Question No. 1

Which of the following statements about capital gains distributions from mutual fund trusts is correct?

ACapital gains from mutual fund trusts are deferred until the investor exits the mutual fund.

BCapital gains distributions from a mutual fund trust are reported annually on a T3.

CCapital gains distributions are not a disposition and are therefore not taxable.

DCapital gains from mutual fund distributions are 100% taxable.

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Correct Answer: B

Question No. 2

Iliana owns 1,000 participating preferred shares in the First Canadian Bank. Which of the following features are characteristic of her investment?

AIliana has the right to purchase more preferred shares in the company before common shareholders.

BIliana is able to vote at the annual general meeting and elect members of the board of directors.

CIliana can convert her preferred shares to common shares at a fixed price and within a specified time period.

DIliana has a right to share in the bank's net profits over and above the specified dividend rate.

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Correct Answer: D

Question No. 3

10 years ago, Felipe opened a registered retirement savings plan (RRSP) account and purchased a mutual fund. The mutual fund purchased included a 7-year deferred sales charge (DSC). At the time of making his investment, him and his Dealing Representative agreed that he had a 25-year growth objective. Since Felipe knew that he was not planning to use his investment until he retired, he was not

concerned about the DSC. Although the rate of return did vary from year-to-year, he never noticed his mutual fund having a drop in value. This gave Felipe more confidence in the investment. As a result, he has never made any changes to his investment.

What category of Know Your Client (KYC) information has been given?

AFinancial circumstances

BInvestment experience

CRisk profile

DPersonal circumstances

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Correct Answer: B

Question No. 4

Pippa purchased a 15-year bond with a face value of $5,000 and a 7% coupon rate at the time of issuance. The bond is due to mature later this year. The general interest rate climate remained stable for the first 13 years of the bond's term. However, especially over the past 18 months, both inflation and general interest rates have increased more than expected.

What is Pippa likely to experience from her bond?

AWith the unanticipated rise in inflation, Pippa will benefit from a higher real rate of return as well.

BDue to inflation, Pippa will experience a capital loss once her bond reaches maturity.

CThe return of investment capital will have lower purchasing power than prior to investing.

DWith capital appreciation at 7% annually, Pippa's capital gain will be reduced by inflation at maturity.

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Correct Answer: C

Question No. 5

Danny is a Dealing Representative for Everbright Investments. He met with his client Adele, who has $1,000,000 to invest. During their meeting Danny determines that Adele has a high-risk profile. In addition, he learns that she has an excellent understanding of equities and how volatile they can be. Danny is considering recommending growth funds specifically, and making a recommendation from the following investment options:

Based on the information provided, which mutual fund should Danny recommend?

AABC Global Equity Fund.

BDEF European Equity Fund.

CLMN Asia Pacific Equity Fund.

DInvest equally in all 3 funds.

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Correct Answer: D

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