Toronto-based Fidelity Investments Canada ULC recently launched Fidelity Global Innovators Class. This mutual fund invests in innovative and disruptive companies around the world and across the market-cap spectrum. The mutual fund does this by investing in Fidelity Global Innovators Investment Trust, which seeks companies that are positioned to benefit from innovative and emerging technology or that employ innovative business models. Mark Schmehl will act as the fund’s portfolio manager. (See story on page 1.) Advisor commissions for front-end sales are 0%-5%, which are applicable on B-class units only; 4.9% for deferred sales; 1% for the low-load option; or 2.5% for the low-load 2 option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 for the low-load schedule; or begin at 3% in Year 1 and end at zero after Year 3 for the low-load 2 schedule. Trailing commissions are 1% for front-end sales, 0.5% for deferred sales, 1% for low-load sales and 0.5% for low-load 2 sales. Management fees are 2% for A-class units, 1.85% for B-class units and 0.85% for F-class units. Minimum investment is $500.
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