Toronto-based IA Clarington Investments Inc. has announced Tuesday it will drop a portion of its fees for IA Clarington Global Bond Fund, Series F, F5, EF and EF5, effective immediately.

The resulting management expense ratios range from 0.94% to 0.99%.

Launched in Oct. 2017, IA Clarington Global Bond Fund is an unconstrained, multi-asset solution that actively seeks value across the full spectrum of fixed-income opportunities, the firm says in a news release.

The fund is co-managed by Michael Kelly and Steven Oh from New York-based PineBridge Investments LLC.