TORONTO, May 8, 2019 /CNW/ - Bridgehouse Asset Managers (Bridgehouse), the retail trade name for Brandes Investment Partners & Co., today announces management fee reductions to be effective on or about May 13, 2019, for Brandes Canadian Equity Fund, Brandes U.S. Equity Fund and Lazard Global Managed Volatility Fund.
Bridgehouse also announces risk rating reductions for Brandes Canadian Equity Fund, Brandes Global Small Cap Equity Fund and Brandes U.S. Equity Fund, effective on May 13, 2019, as a result of Bridgehouse's annual review of the risk ratings of its mutual funds (the Funds).
Management Fee Reductions
The following management fee reductions will be effective on or about May 13, 2019:
Fund |
Affected Series |
Current |
Management Fee |
New |
Brandes Canadian |
Series A |
2.20% |
0.35% |
1.85% |
Series D |
1.45% |
0.35% |
1.10% |
|
Series F |
1.20% |
0.35% |
0.85% |
|
Brandes U.S. |
Series A |
2.20% |
0.35% |
1.85% |
Series AH |
2.25% |
0.35% |
1.90% |
|
Series F |
1.20% |
0.35% |
0.85% |
|
Series FH |
1.25% |
0.35% |
0.90% |
|
Lazard Global |
Series A |
1.90% |
0.20% |
1.70% |
Series AH |
1.95% |
0.20% |
1.75% |
|
Series F |
0.90% |
0.20% |
0.70% |
|
Series FH |
0.95% |
0.20% |
0.75% |
|
Risk Rating Reductions
Effective May 13, 2019, the risk ratings of the Funds listed in the table below will be reduced. There are no changes to the investment objectives, strategies or management of these Funds associated with the new risk ratings.
These reductions are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators and the annual review conducted by Bridgehouse to determine the risk rating of the Funds.
Fund |
Previous Risk Rating |
New Risk Rating |
Brandes Canadian Equity Fund |
Medium to High |
Medium |
Brandes Global Small Cap Equity Fund |
Medium to High |
Medium |
Brandes U.S. Equity Fund |
Medium to High |
Medium |
About Bridgehouse Asset Managers
Bridgehouse Asset Managers (Bridgehouse), a trade name of Brandes Investment Partners & Co. since 2013, is an independent platform with investment managers with institutional roots: Brandes Investment Partners, L.P., Lazard Asset Management (Canada) Inc., Sionna Investment Managers Inc. and Morningstar Associates, Inc.
For more about Bridgehouse visit: bridgehousecanada.com and follow us on Twitter and LinkedIn.
Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers (Bridgehouse), is the manager of the Bridgehouse Funds. Securities of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
This news release is for information purposes only.
SOURCE Bridgehouse Asset Managers
Media Contact: Samantha Hill, Senior Global Marketing Manager, Bridgehouse Asset Managers, 416-306-5723, [email protected]
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