AGF Funds Inc. today launched a new low-load purchase option on its mutual funds and raised the distributions on two core balanced funds.

The low-load feature offers investors a shorter commitment schedule that is completed at three years and provides more flexibility in the short and medium term.

“The low-load option on our line-up of funds is one of the best of in the industry thanks to the flexibility and benefits it offers advisors and investors. Advisors now have more choice in building the best investment solutions to meet client needs,” said Randy Ambrosie, executive vp, sales and marketing, AGF Funds Inc.

The low-load option is available on AGF’s entire line-up of mutual funds except AGF Managed Futures Fund and AGF U.S. Money Market Fund.

AGF is also increasing the amount and the frequency of distributions on two core balanced funds, AGF Canadian Balanced Fund and AGF Canadian Real Balanced Fund effective January 31.

The distribution on AGF Canadian Balanced Fund, managed by Christine Hughes, will rise to 5% annually, and AGF Canadian Real Value Balanced Fund, managed by Keith Graham will increase to 2%. Both funds will move to a monthly payout, rather than quarterly, providing income- oriented investors with a more predictable income stream.