TORONTO, Feb. 28, 2018 /CNW/ - Mackenzie Investments and Quadrus Investment Services Ltd. today announced reduced fees to several mutual funds within the Quadrus Group of Funds mutual fund suite. These reductions are in response to market trends and ongoing efforts to find efficiencies to benefit our clients.
Funds across multiple Quadrus Group of Funds series experienced fee reductions between 0.05 and 0.30 per cent.
These reductions arrive on top of last year's introduction of a fee rebate program for clients with consolidated assets of $100,000 in Quadrus Group of Funds. As clients continue to grow their assets with Quadrus Group of Funds, fees decrease again when they reach $500,000 of consolidated assets.
| The following funds reduced fees across multiple series |
The following funds reduced fees in N-Series |
| North American High Yield Bond Fund (Putnam) |
Diversified Fixed Income Folio Fund |
| Mackenzie Floating Rate Income Fund |
Conservative Folio Fund |
| Mackenzie Canadian Balanced Fund |
Moderate Folio Fund |
| Dividend Fund (GWLIM) |
Balanced Folio Fund |
| Mackenzie Canadian Large Cap Dividend Fund |
Advanced Folio Fund |
| U.S. Value Fund (Putnam) |
Aggressive Folio Fund |
| Mackenzie US All Cap Growth Fund |
Core Bond Fund (Portico) |
| Mackenzie US Mid Cap Growth Class |
Core Plus Bond Fund (Portico) |
| Mackenzie Ivy European Class |
Corporate Bond Fund (Portico) |
| Mackenzie Global Growth Class |
Real Return Bond Fund (Portico) |
| Mackenzie Emerging Markets Class |
Mackenzie Strategic Income Fund |
| Mackenzie Canadian Resource Fund |
Mackenzie Strategic Income Class |
| Mackenzie Precious Metals Class |
Global Monthly Income Fund (London Capital) |
| Dividend Class (GWLIM) |
Mackenzie Ivy Global Balanced Fund |
| U.S. Value Class (Putnam) |
For further information on Quadrus Group of Funds, please visit www.quadrusgroupoffunds.com.
About Quadrus Investment Services Ltd.
Quadrus Investment Services Ltd. ("Quadrus") is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes The Great West Life Assurance Company, London Life Insurance Company and the Canada Life Assurance Company. Quadrus Group of Funds is distributed exclusively through the Quadrus Investment Services Ltd.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $128 billion in assets under management as of January 31, 2018, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments 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 $158 billion in total assets under management as of January 31, 2018. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]
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