IE Staff
Dynamic Mutual Funds Ltd. announced Tuesday that it intends to seek unitholder and shareholder approval to increase the annual limits on their management expense ratios on several of funds, effective July 1.
The trust funds affected are:
- Dynamic Power Canadian Growth Fund;
- Dynamic Power American Growth Fund;
- Dynamic Power Balanced Fund; and
- Dynamic Power Bond Fund.
The corporate funds belong to Dynamic Global Fund Corp. They are:
- the Dynamic Canadian Value Class;
- Dynamic American Value Class; Dynamic European Value Class;
- Dynamic Far East Value Class;
- Dynamic International Value Class;
- Dynamic Power Canadian Growth Class;
- Dynamic Power American Growth Class;
- Dynamic Power European Growth Class;
- Dynamic Power International Growth Class;
- Dynamic Focus + Canadian Class;
- Dynamic Focus + American Class;
- Dynamic Focus + Global Financial Services Class;
- Dynamic Global Health Sciences Class;
- Dynamic Global Real Estate Class;
- Dynamic Global Technology Class; and
- Dynamic Money Market Class.
MERs for the trust funds will increase by 0.25%, while MERs for the corporate funds will climb by 0.15%.
The maximum annual performance fee limits of the trust funds and corporate funds, with the exception of Dynamic Money Market Class, will be reduced by 0.25% for the trust funds and 0.15% for the corporate funds.
Unitholders and shareholders of the funds will be asked to approve the proposed changes at special meetings to be held on June 21.