New investment objectives for seven funds
Management fees will be reduced by five basis points among all current series of the affected funds as of July 1
The changes include tweaking the investment objectives and strategies, modifying corporate classes and reducing fees
Reducing management fees and trailers is essential to helping clients achieve their financial objectives
Changes simplify pricing across the company’s mutual fund lineup
Bridgehouse announces planned series re-designations
The MER may be lowered by as much as 0.53 percentage points, with the average MER reduction at about 0.17 percentage points, depending on the series of funds
The firm has added series F to several funds and has cut management fees by up to 45 bps
CRM2 has led to more questions from clients about MERs, so IFIC members would like to see this disclosed as part of an initiative the group calls CRM3
The changes are expected to kick in April 3 and management fees will be reduced by 35%