Investors Group announces multiple mutual fund changes

WINNIPEG, May 18, 2018 /CNW/ - 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).

Founded in 1926, Investors Group is a national leader in delivering personalized financial solutions to Canadians through a network of Consultants located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group has $87 billion in assets under management as of April 30, 2018 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $156 billion in total assets under management as of April 30, 2018.

SOURCE Investors Group Financial Services Inc.

Media contact: Trish Tervit, Director, IGM Communications and Media Relations, [email protected], 416-967-2166

Related Links

http://www.investorsgroup.com