The low-load DSC option will continue to be available, and investors with existing standard DSC purchase option holdings will remain invested based on their mutual funds' redemption fee schedule
Risk rating changes announced for certain funds
The changes include management fee reductions and an increase to the minimum initial investment
BMO International Equity Fund and BMO Japan Fund have different return drivers than Canadian markets
The fund will no longer receive additional investments, including purchases via regular investment savings plans
The firm has added series F to several funds and has cut management fees by up to 45 bps
BMO Asset Management Inc. replaces Monegy as portfolio manager for the funds while BMO Asset Management Corp. and Taplin, Canida & Habacht take on subadvisor roles
The management fees on 26 mutual funds were reduced by up to 25 basis points while the administrative fees on two mutual funds have also been lowered
Series NBA and Series NBF of three funds will no longer exist while Series NBA will also no longer apply on one other fund
Management fees will be reduced on certain funds on July 15