New risk ratings for three mutual funds
The firm will be reducing management fees, trailer fees and risk ratings on various funds
Lower ratings for 24 mutual funds
Change to CC&L Diversified Income Portfolio takes effect on July 25
No changes have been made to the investment objectives or strategies of the ETFs
There are concerns about the asset manager’s “growing long-term debt levels” and that the company’s debt/EBITDA ratio has increased
The changed ratings for the affected funds came into effect on Monday
The funds’ risk ratings will change to “low to medium” from “low” effective June 28
Lower ratings for three Sentry mutual funds
There are no changes to the investment objectives or strategies of the funds