Hand with chalk is drawing Risk and reward balance scale on the chalkboard

CC&L Diversified Income Portfolio will be changing its risk rating to “low” from “low to medium” on July 25, Vancouver-based Connor, Clark & Lunn Private Capital Ltd. announced on Wednesday.

The change will be reflected in the renewal of CC&L Diversified Income Portfolio’s simplified prospectus.

The change is based on the new methodology mandated by the Canadian Securities Administrators and the related annual review by CC&L Private Capital to determine the risk level of publicly-offered mutual funds.

The change is not a result of any modifications made to the investment objectives, strategies or management of the fund, CC&L Private Capital says in a news release.