Investors Group changes risk rating, reduces fees for multiple funds

Investors Group has made several changes to its mutual fund offering, including fee reduction on certain funds and risk rating tweaks to multiple funds.

The company has also added Mackenzie Investments as a sub-advisor to its Investors Real Property Fund.

Administration fee reductions

Effective June 30, the annual administration fees payable for Series C will decrease .05% for most of Investors Group’s fixed income funds (see the table below).

Fund	Current	At (or about) June 30, 2018
IG Mackenzie Income Fund Investors Canadian Bond Fund Investors Canadian Corporate Bond Fund Investors Fixed Income Flex Portfolio	0.10%	0.05%
Investors Canadian High Yield Income Fund Investors Global Bond Fund Investors Global Fixed Income Flex Portfolio Investors Mortgage & Short Term Income Fund	0.13%	0.08%
IG Mackenzie Floating Rate Income Fund IG Putnam U.S. High Yield Income Fund	0.16%	0.11%

Fund

Current

At (or about) June 30, 2018

IG Mackenzie Income Fund

Investors Canadian Bond Fund

Investors Canadian Corporate Bond Fund

Investors Fixed Income Flex Portfolio

0.10%

0.05%

Investors Canadian High Yield Income Fund

Investors Global Bond Fund

Investors Global Fixed Income Flex Portfolio

Investors Mortgage & Short Term Income Fund

0.13%

0.08%

IG Mackenzie Floating Rate Income Fund

IG Putnam U.S. High Yield Income Fund

0.16%

0.11%

Management fee reductions

Also effective June 30, the annual management fee rates on the Investors Fixed Income Flex Portfolio and the Investors Cornerstone II Portfolio will move from a variable to fixed fee rate that’s lower for both funds than the current maximum rates permitted (see the table below).

Fund	Current	At (or about) June 30, 2018
Investors Fixed Income Flex Portfolio	Annual Management fee Up to 1.657% Series A and B Up to 1.657% Series C Up to 1.407% Series Jdsc and Jnl Up to 0.307% Series U	Annual Management fee 1.450% Series A and B 1.450% Series C 1.200% Series Jdsc and Jnl 0.100% Series U
Investors Cornerstone II Portfolio*	Management fee Up to 1.295%	Management fee 1.095%

Fund

Current

At (or about) June 30, 2018

Investors Fixed Income Flex Portfolio

Annual Management fee

Up to 1.657% Series A and B

Up to 1.657% Series C

Up to 1.407% Series Jdsc and Jnl

Up to 0.307% Series U

Annual Management fee

1.450% Series A and B

1.450% Series C

1.200% Series Jdsc and Jnl

0.100% Series U

Investors Cornerstone II Portfolio*

Management fee Up to 1.295%

Management fee

1.095%

*Investors Cornerstone II Portfolio currently has a single series of mutual fund units.

Fund risk rating changes

Effective immediately, the risk rating classifications of the following funds have changed:

Fund/Class	Current rating	New rating
IG Mackenzie Emerging Markets Class	High	Medium to High
IG Mackenzie Ivy European Fund /Class / Class II / Class III	Medium	Low to Medium
IG Mackenzie Ivy Foreign Equity Class	Medium	Low to Medium
Investors Canadian Growth Fund/Class	Medium to High	High
Investors Canadian Large Cap Value Fund/Class	Medium	Medium to High
Investors Global Financial Services Fund/Class	Medium to High	High
Investors Global Health Care Class	Medium to High	Medium
Investors Global Science and Technology Fund/Class	High	Medium to High
Investors Pacific International Fund/Class	High	Medium to High
Investors Pan Asian Equity Fund / Class / Class II	Medium to High	Medium
Investors U.S. Opportunities Fund/Class	Medium to High	Medium
iProfile Emerging Markets Pool/Class	High	Medium to High

The investment objectives or strategies of these funds will remain the same. Investors Group says in a Friday release that the risk rating changes are due to the implementation of the new standardized risk classification methodology mandated by the Canadian Securities Administrators.

Read:

Sub-advisor addition

Mackenzie Investments will sub-advise the non-real property investments of Investors Real Property Fund, effective July 13. No material changes have been made to the investment objectives, strategies or investment management activities of the fund.

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Administration fee reductions

Management fee reductions

Fund risk rating changes

Sub-advisor addition

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