Toronto-based Stone Asset Management Ltd. Friday announced changes to the risk ratings of some of the funds it manages.

Following an annual review of all mutual funds under its risk rating methodology, Stone has determined that it is appropriate to change the risk ratings as set out in the table below.

Fund

Current Rating

New Rating

Stone & Co. Dividend Growth Class Canada

medium

low to medium

Stone & Co. Resource Plus Class

high

medium to high

Stone & Co. Flagship Growth & Income Class Canada

low to medium

low

Stone & Co. Flagship Stock Fund Canada

medium to high

low to medium

Stone & Co. Flagship Global Growth Fund

medium

low to medium

Stone & Co. Limited Growth Industries Fund

medium to high

medium

Stone & Co. EuroPlus Dividend Growth Fund

medium

low to medium

No material change has been made to the funds’ investment objectives or strategies.

As a result of the changes to the risk rating of the Stone & Co. Limited Growth Industries Fund, Stone has changed the investment time horizon from “long-term” to “mid to long-term” to be consistent with the investment time horizon of funds with a similar risk rating. No changes were made to the investment time horizons of the other funds.

The changes will be reflected in the renewal Simplified Prospectus and Fund Facts for the Stone Funds.