New Master Declaration of Trust for I.G. Investment Management funds
New replaces operating expenses
Management fees for Series F units of RBC Monthly Income Fund also decreased
Fixed rate admin fee will range from 0.14% to 0.31% of a fund’s AUM
MAF drops by 25 bps to 200 bps
Change lowers costs, increases transparency for investors
Management fee drops to 1.85% on 9 funds
Investment management fee to be lowered 5 bps
Index funds sold by brokers charge much higher fees than true no load funds
MERs lowered on all Northwest Funds over the past two years