Using Morningstar.ca, I will click on Funds.
From there, choose the funds that you want to filter by. In the case above:
- TD Asset Management Inc
The list will populate with all the mutual funds available. You will have to verify that the fund exists with your mutual fund provider. The list of mutual funds on Morningstar.ca may not be 100% accurate since some mutual funds will get added and removed daily.
You have 5 option to choose from, so for the example above, I clicked on Fees and Details. Furthermore, I clicked on Min Initial Purchase to sort the mutual funds by the lowest amount first. The Min Initial Purchase may not be accurate. I do not see how a zero minimum investment makes any sense.
From there, you can examine each mutual fund and determine which one fits your risk tolerance level. Furthermore, Morningstar.ca gives details on their rating and other information on the mutual fund by clicking on the mutual fund name.
Under the Universe, you can choose either mutual funds or segregated funds. They both have their pros and cons. Therefore, you will have to determine if a guarantee that a percentage of the principal is worth the extra insurance cost for a segregated fund.
tmxmoney.com also has a mutual fund screener. Unfortunately, I cannot get it working at the moment. In any case, I will show how I will use it if it works.
Under Investor Tools, you will find Mutual Fund Screener. Click on Mutual Fund Screener to open the Mutual Fund search.
Before I start, I make sure the mutual funds listed are in CAD. Then, I click in the boxes under Criteria to change the values from the default. From there, I edited the Values and the Condition. You can add new criteria by clicking on the Add New Criteria link. From there, you click on Run Screener to show the mutual funds that fit your criteria.
A partial list of Canadian Mutual funds is listed from the TSX search terms that I have used. You may have to add search terms and/or be more specific to get a better focused list. There is a 400 fund list limit. Therefore, mutual funds 401 and above will not be shown.
You will notice that my columns are different. To the right under the New Search button, you will see Edit Columns. Click on Edit columns.
You will see that you can add or remove columns. There is currently a maximum of 10 columns allowed. Therefore, uncheck the ones you don’t want to see and check the ones that you want to see. A maximum of 10.