The MER for the funds have been reduced between five to 40 basis points, but there will be no changes made to the fixed administration fee
Fees on no-load funds will be reduced
The firm is lowering management fees on 35 funds, eliminating certain series and reducing the minimum investment for other series
The company’s proposed new ‘Simplicity Pricing’ program recognizes higher levels of client investment with a flat fee
Fixed administration fee model to replace operating expenses
The firm is reducing fees on six funds and eliminating Series AN and Series FN of four funds
Management fees will be reduced on certain funds on July 15
New risk rating for Investors Global Fixed Income Flex Portfolio
The company is also reducing management fees for investments under $100,000 for Series A and Series T if purchased under the front-end load option
Investors who hold certain funds in the Series A and T lineups will have their funds reclassified under the newly created Series B and fixed-rate distribution series