TORONTO, May 21, 2013 /CNW/ - Dynamic Funds, managed by GCIC Ltd., announced today that it will lower the management fees on a number of fund series as part of enhancements to the Altitude Investment Programme, a comprehensive and exclusive investment program designed to provide investment management to affluent investors.
The following changes will become effective June 15, 2013:
| Fund Name | Series | New Management Fee1 |
Old Management Fee |
Management Fee Difference |
| Aurion Funds, Equity Income , and Fixed Income | ||||
| Dynamic Aurion Total Return Bond Fund |
E FI I |
1.40% 0.65% 0.65% |
1.50% 0.75% 0.75% |
-0.10% -0.10% -0.10% |
| Dynamic Corporate Bond Strategies Fund |
E FI |
1.40% 0.65% |
1.50% 0.75% |
-0.10% -0.10% |
| Dynamic Real Return Bond Fund | I | 0.65% | 0.75% | -0.10% |
| Dynamic Strategic Global Bond Fund | IP | 0.65% | 0.75% | -0.10% |
| Dynamic Small Business Fund | IP | 0.95% | 1.00% | -0.05% |
| Value Funds | ||||
| Dynamic Canadian Value Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Far East Value Fund | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Global Asset Allocation Fund |
E I |
1.90% 0.90% |
2.00% 1.00% |
-0.10% -0.10% |
| Dynamic Global Dividend Fund |
E FI I IT |
1.90% 0.90% 0.90% 0.90% |
2.00% 1.00% 1.00% 1.00% |
-0.10% -0.10% -0.10% -0.10% |
| Dynamic Value Balanced Fund |
E I |
1.85% 0.85% |
2.00% 1.00% |
-0.15% -0.15% |
| Power Funds | ||||
| Dynamic Power American Growth Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power American Growth Fund | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power Balanced Fund |
I IP |
0.85% 0.70% |
1.00% 0.75% |
-0.15% -0.05% |
| Dynamic Power Canadian Growth Fund | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power Canadian Growth Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power Global Growth Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power Global Navigator Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Power Managed Growth Class | IP | 0.80% | 1.00% | -0.20% |
| Specialty Funds | ||||
| Dynamic Alternative Yield Fund | IP | 0.70% | 0.85% | -0.15% |
| Dynamic Emerging Markets Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Energy Income Fund |
I IP |
0.85% 0.70% |
1.15% 0.85% |
-0.30% -0.15% |
| Dynamic Focus + Resource Fund |
I IP |
1.00% 0.80% |
1.15% 1.00% |
-0.15% -0.20% |
| Dynamic Global Real Estate Fund |
I IP |
1.00% 0.80% |
1.15% 1.00% |
-0.15% -0.20% |
| Dynamic Strategic Energy Class | IP | 0.80% | 1.00% | -0.20% |
| Dynamic Strategic Resource Class | IP | 0.80% | 1.00% | -0.20% |
| 1 Management fee reductions to Series I, IP, and IT of the specified funds apply to all tiers of the management fee schedule |
The Altitude Investment Programme is available exclusively through financial advisors. The program equips advisors with the flexibility to provide customized investment solutions that can meet the unique needs of their clients.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. and the manager of the funds mentioned above. GCIC Ltd. offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high-net-worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.
The above is provided for information purposes only and is not, and under any circumstance to be construed as, an offering of the Dynamic Funds, the Marquis Investment Program or any other securities or taken as investment advice. Investors should read the fund's simplified prospectus for information about the fund's investment objectives, strategies and the risks associated with an investment in the fund before investing. Investors should discuss the suitability of the fund with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees, performance fees and expenses all maybe associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. We reserve the right to change or waive minimum investment amounts and subsequent investment amounts in a series of a fund at any time, as well as change the eligibility requirements for participation in, and the services available with, the program.
® Dynamic Funds is a registered trademark of its owner, used under license.
SOURCE: GCIC Ltd.
Customer Relations Centre
1-800-268-8186
www.dynamic.ca
Media Relations
Diana Hart
416-866-7238
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