National Bank Securities today announced that a low-load option is now available for certain mutual funds.

National Bank Mutual Funds are one of the fund families in Canada to offer this feature, which is primarily intended for stockbrokers and mutual fund reps.

At a mere 2%, the redemption charge for low-load funds is lower than for the back-end load funds generally available from brokers and representatives. In addition, the charge only applies to redemptions during the first two years.

“It’s one more reason for the financial community to take an interest in [National Bank] mutual funds, which are among the top performing funds in Canada. It also shows that NBS is willing to expand its product offering and adapt it to its clients’ needs,” said Charles Guay, president and COO of National Bank Securities, in a release.

“Our strategy for penetrating the external distribution market made launching such a product imperative,” Guay added.