Investors Group has proposed product changes, including fund mergers and investment objective and strategy changes, in an effort to streamline its offering.
Proposed fund mergers
The following proposed mergers are expected to take effect on or about the close of business on June 16, 2017, subject to all necessary approvals:
Merging fund | Continuing fund |
---|---|
Investors Canadian Balanced Fund | Investors Mutual of Canada |
Investors Core Canadian Equity Fund | IG Franklin Bissett Canadian Equity Fund |
Investors Core Canadian Equity Class | IG Franklin Bissett Canadian Equity Class |
IG Templeton International Equity Fund | IG Mackenzie Ivy European Fund |
IG Templeton International Equity Class | IG Mackenzie Ivy European Class |
Investors International Equity Fund | IG Mackenzie Ivy European Fund |
Investors International Equity Class | IG Mackenzie Ivy European Class |
Investors Greater China Fund | Investors Pan Asian Equity Fund |
Investors Greater China Class | Investors Pan Asian Equity Class |
Alto Conservative Portfolio | Allegro Conservative Portfolio |
Alto Moderate Conservative Portfolio | Allegro Moderate Conservative Portfolio |
Alto Moderate Portfolio | Allegro Moderate Portfolio |
Alto Moderate Aggressive Portfolio | Allegro Moderate Aggressive Portfolio |
Alto Moderate Aggressive Canada Focus Portfolio | Allegro Moderate Aggressive Portfolio |
Allegro Moderate Aggressive Canada Focus Portfolio | Allegro Moderate Aggressive Portfolio |
Alto Aggressive Portfolio | Allegro Aggressive Portfolio |
Alto Aggressive Canada Focus Portfolio | Allegro Aggressive Portfolio |
Allegro Aggressive Canada Focus Portfolio | Allegro Aggressive Portfolio |
Allegro Balanced Growth Canada Focus Portfolio Class | Allegro Balanced Growth Portfolio Class |
Allegro Growth Canada Focus Portfolio Class | Allegro Growth Portfolio Class |
Fee reductions
To ensure clients won’t experience any increase in fees as a result of the mergers, Investors Group will reduce fees on a number of continuing funds. As of June 1, several of the Allegro Portfolios and Allegro Portfolio Classes, below, will have annualized fee reductions of between 0.25 and 8.6 basis points, regardless of whether the mergers are approved.
Fund | Total fee reduction (basis points) | Types of fees affected |
---|---|---|
Allegro Aggressive Portfolio (all series) | 8.6 | Management fee
Trustee fee Administration fee |
Allegro Conservative Portfolio (all series) | 1.8 | Management fee |
Allegro Moderate Aggressive Portfolio (all series) | 2.7 | Management fee
Administration fee |
Allegro Moderate Conservative Portfolio (all series) | 4.3 | Management fee |
Allegro Moderate Portfolio (all series) | 0.25 | Trustee fee |
Fund | Total fee reduction (basis points) | Types of fees affected |
Allegro Balanced Growth Portfolio Class – Series U and Tu
Allegro Balanced Growth Portfolio Class (all other series) |
7.8
8.0 |
Management fee
Administration fee Service fee |
Allegro Balanced Portfolio Class (all series) | 2.0 | Management fee
Administration fee |
Allegro Growth Portfolio Class (all series) | 1.0 | Administration fee |
Allegro Income Balanced Portfolio Class – Series U and Tu
Allegro Income Balanced Portfolio Class (all other series) |
4.7
5.0 |
Management fee
Service fee |
Proposed investment objective changes
Effective on or about the close of business on May 23, 2017, subject to all necessary approvals, Investors Group proposes to change the investment objectives and strategies for the funds listed below to incorporate a more flexible asset allocation capability.
Fund |
---|
Allegro Conservative Portfolio |
Allegro Moderate Conservative Portfolio |
Allegro Moderate Portfolio |
Allegro Moderate Aggressive Portfolio |
Allegro Aggressive Portfolio |
Alto Monthly Income Portfolio |
Alto Monthly Income & Growth Portfolio |
Alto Monthly Income & Enhanced Growth Portfolio |
Investment objective changes are also proposed for the classes listed below so that they may invest in their corresponding funds. This is expected to result in more efficient portfolio management and reduced trading costs in some instances. These changes are expected to be effective after the close of business on or about May 29, 2017, subject to all necessary approvals.
Class | Corresponding fund | |
---|---|---|
Allegro Income Balanced Portfolio Class | Allegro Moderate Conservative Portfolio | |
Allegro Balanced Portfolio Class | Allegro Moderate Portfolio | |
Allegro Balanced Growth Portfolio Class | Allegro Moderate Aggressive Portfolio | |
Allegro Growth Portfolio Class | Allegro Aggressive Portfolio | |
IG Franklin Bissett Canadian Equity Class | IG Franklin Bissett Canadian Equity Fund | |
IG Mackenzie Ivy European Class | IG Mackenzie Ivy European Fund | |
Investors Pan Asian Equity Class | Investors Pan Asian Equity Fund |
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