Investors Group announces multiple mutual fund changes

Investors Group has announced multiple changes to its mutual fund offering, which includes the following:

Fee reductions on certain funds
Mackenzie Investments added as sub-advisor to Investors Real Property Fund
A change of risk rating for several of our funds
Administration fee reductions
Effective on or about June 30, 2018, the annual administration fees payable for Series C, will decrease by 0.05% for most of our fixed income funds, as indicated in the table below:

  • Fund
  • Current
  • At (or about) June 30, 2018
  • IG Mackenzie Income Fund
  • Investors Canadian Bond Fund
  • Investors Canadian Corporate Bond Fund
  • Investors Fixed Income Flex Portfolio
  • 0.10%
  • 0.05%
  • Investors Canadian High Yield Income Fund
  • Investors Global Bond Fund
  • Investors Global Fixed Income Flex Portfolio
  • Investors Mortgage & Short Term Income Fund
  • 0.13%
  • 0.08%
  • IG Mackenzie Floating Rate Income Fund
  • IG Putnam U.S. High Yield Income Fund
  • 0.16%
  • 0.11%

Management fee reductions
Effective on or about June 30, 2018, the annual management fee rates on the Investors Fixed Income Flex Portfolio and the Investors Cornerstone II Portfolio will be moving from a variable fee rate to a fixed fee rate that is lower for both funds than the current maximum rates permitted, as outlined in the chart below:

Fund

Current

At (or about) June 30, 2018

Investors Fixed Income Flex
Portfolio

Annual Management fee

  • Up to 1.657% Series A and B
  • Up to 1.657% Series C
  • Up to 1.407% Series Jdsc and Jnl
  • Up to 0.307% Series U
  • Annual Management fee
  • 1.450% Series A and B
  • 1.450% Series C
  • 1.200% Series Jdsc and Jnl
  • 0.100% Series U
  • Investors Cornerstone II
    Portfolio*
  • Management fee
    Up to 1.295%
  • Management fee
  • 1.095%

*Investors Cornerstone II Portfolio currently has a single series of mutual fund units.

Sub-advisor added to Investors Real Property Fund
We are pleased to announce that we are adding Mackenzie Investments as a sub-advisor for the non-real property investments of Investors Real Property Fund, leveraging their portfolio management expertise.

No material changes have been made to the investment objectives, strategies or investment management activities of this Fund. This change is expected to be effective after the close of business on or about July 13, 2018.

Fund risk rating changes
Effective immediately, the risk rating classifications of the following funds have changed:

  • Fund/Class
  • Current rating
  • New rating
  • IG Mackenzie Emerging Markets Class
  • High
  • Medium to High
  • IG Mackenzie Ivy European Fund /Class / Class II / Class III
  • Medium
  • Low to Medium
  • IG Mackenzie Ivy Foreign Equity Class
  • Medium
  • Low to Medium
  • Investors Canadian Growth Fund/Class
  • Medium to High
  • High
  • Investors Canadian Large Cap Value Fund/Class
  • Medium
  • Medium to High
  • Investors Global Financial Services Fund/Class
  • Medium to High
  • High
  • Investors Global Health Care Class
  • Medium to High
  • Medium
  • Investors Global Science and Technology Fund/Class
  • High
  • Medium to High
  • Investors Pacific International Fund/Class
  • High
  • Medium to High
  • Investors Pan Asian Equity Fund / Class / Class II
  • Medium to High
  • Medium
  • Investors U.S. Opportunities Fund/Class
  • Medium to High
  • Medium
  • iProfile Emerging Markets Pool/Class
  • High
  • Medium to High

No changes have been made to the investment objectives or strategies of these funds. These changes result from the implementation of the new standardized risk classification methodology mandated by the Canadian Securities Administrators.

This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus of the mutual funds before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. These funds are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm) and Investors Group Securities Inc. (in Quebec, a firm in financial planning).

Related Articles