Bridgehouse Asset Managers Announces Changes to the Bridgehouse Funds

TORONTO, May 12, 2014 /CNW/ - Bridgehouse Asset Managers (Bridgehouse), the manager of the Bridgehouse Funds, today announced the following changes:

Effective immediately, the management fees have been lowered on Class L and Class M of the following Bridgehouse Funds along with a reduction of the minimum investment in Class L and Class M to $100,000 per Fund. These changes reflect Bridgehouse's commitment to providing flexible and attractive pricing options for investors who make larger purchases.

  Revised Class L
Annual Management
Fee
Revised Class M
Annual Management
Fee
Brandes Global Equity Fund 1.55% 1.10%
Brandes Global  Balanced Fund 1.40% 0.95%
Brandes International Equity Fund 1.55% 1.10%
Brandes Global Small Cap Equity Fund 1.55% 1.10%
Brandes Emerging Markets Equity Fund 1.55% 1.10%
Brandes U.S. Equity Fund 1.55% 1.10%
Brandes U.S. Small Cap Equity Fund 1.55% 1.10%
Brandes Canadian Equity Fund 1.55% 1.10%
Brandes Corporate Focus Bond Fund (Hedged) Class MH n/a 0.70%
Brandes Corporate Focus Bond Fund (Unhedged) n/a 0.65%
Sionna Canadian Equity Fund 1.45% 1.00%
Sionna Canadian Small Cap Equity Fund 1.45% 1.00%
Sionna Canadian Balanced Fund 1.30% 0.85%
Sionna Diversified Income Fund 1.25% 0.80%

Effective immediately the Lazard Emerging Markets Multi-Strategy Fund has changed its name to the Lazard Emerging Markets Multi Asset Fund. The new name is intended to provide greater clarity in describing the various emerging markets (EM) asset classes held within the fund which include EM equities, EM debt and EM currencies.

In addition, effective immediately, the foreign content limit on the Brandes Canadian Equity Fund has been increased to a maximum of 49% from the previous target of approximately 30% in order to provide the portfolio sub-advisor with greater flexibility to increase or decrease the foreign content component of the fund dependent on investment opportunities.

More information about Bridgehouse Asset ManagersTM is available from: www.bridgehousecanada.com.

About Bridgehouse Asset Managers

Bridgehouse Asset Managers, a trade name of Brandes Investment Partners & Co., offers tried-and-true investment solutions to Canadians, leveraging the expertise of three world-class investment managers. In everything we do, we consider our clients. We are committed to partnering with investment professionals to help Canadians reach their financial goals and become smarter investors.

We are defined by our:

  • Independence in ownership and thinking, which enables us to truly align with clients' goals, and do the right thing for client portfolios and businesses—today and tomorrow.
  • Dedication to advancing investor knowledge, demonstrated through our commitment to developing investor knowledge initiatives that help Canadians make informed decisions.
  • Commitment to our community, dedicating time and financial support to charities that positively impact the lives of Canadians and make a real difference in our community.

Disclaimer

Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers (Bridgehouse), is the manager of the Bridgehouse Funds. Units of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 

SOURCE: Bridgehouse Asset Managers

For further information:


Media Contact:

Matthew Brundage
Vice President, Marketing
Bridgehouse Asset Managers
Phone: 416-306-5748
Email: matthew.brundage@bridgehousecanada.com


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