Winnipeg-based Investors Group Inc. has launched two new mutual funds: Investors U.S. Dividend Registered Fund and Allegro Income Balanced Portfolio Class. Investors U.S. Dividend Registered Fund aims to provide long-term capital appreciation and income to unitholders by investing primarily in a combination of U.S. dividend-paying equities securities and/or other types of income-producing investments. Due to an exemption from U.S. withholding taxes, no U.S. withholding taxes will be charged on dividends and other U.S.-source income received by the fund, which should help to maximize the portfolio’s return. Allegro Income Balanced Portfolio Class will complement the existing portfolio options in Investors Group’s corporate-class structure. This new fund aims to provide fixed-income diversification and long-term capital appreciation by investing primarily in underlying funds that provide equities and/or fixed-income exposure. Advisor commissions for both funds are 4.2% for deferred sales. There are no front-end or low-load options. Redemption fees for both funds begin at 5.5% within the first two years and end at zero after Year 7 for the regular DSC schedule. Trailing commissions are 0.55% for the Investors U.S. Dividend Registered Fund and 0.47% for Allegro Income Balanced Portfolio Class. Management fees are 1.7% for A-class units of the Investors U.S. Dividend Registered Fund and 1.75% for A-class units of the Allegro Income Balanced Portfolio Class. Minimum investment for both funds is $500.
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