Dynamic Funds lowers management fees on certain fund series as part of enhancements to its Altitude Investment Programme

TORONTO, May 21, 2013 /CNW/ - Dynamic Funds, managed by GCIC Ltd., announced today that it will lower the management fees on a number of fund series as part of enhancements to the Altitude Investment Programme, a comprehensive and exclusive investment program designed to provide investment management to affluent investors.

The following changes will become effective June 15, 2013:

Fund Name Series New
Management
Fee1
Old
Management
Fee
Management
Fee Difference
Aurion Funds, Equity Income , and Fixed Income        
Dynamic Aurion Total Return Bond Fund
E
FI
I
1.40%
0.65%
0.65%
1.50%
0.75%
0.75%
-0.10%
-0.10%
-0.10%
Dynamic Corporate Bond Strategies Fund
E
FI
1.40%
0.65%
1.50%
0.75%
-0.10%
-0.10%
Dynamic Real Return Bond Fund I 0.65% 0.75% -0.10%
Dynamic Strategic Global Bond Fund IP 0.65% 0.75% -0.10%
Dynamic Small Business Fund IP 0.95% 1.00% -0.05%
Value Funds        
Dynamic Canadian Value Class IP 0.80% 1.00% -0.20%
Dynamic Far East Value Fund IP 0.80% 1.00% -0.20%
Dynamic Global Asset Allocation Fund
E
I
1.90%
0.90%
2.00%
1.00%
-0.10%
-0.10%
Dynamic Global Dividend Fund
E
FI
I
IT
1.90%
0.90%
0.90%
0.90%
2.00%
1.00%
1.00%
1.00%
-0.10%
-0.10%
-0.10%
-0.10%
Dynamic Value Balanced Fund
E
I
1.85%
0.85%
2.00%
1.00%
-0.15%
-0.15%
Power Funds        
Dynamic Power American Growth Class IP 0.80% 1.00% -0.20%
Dynamic Power American Growth Fund IP 0.80% 1.00% -0.20%
Dynamic Power  Balanced Fund
I
IP
0.85%
0.70%
1.00%
0.75%
-0.15%
-0.05%
Dynamic Power Canadian Growth Fund IP 0.80% 1.00% -0.20%
Dynamic Power Canadian Growth Class IP 0.80% 1.00% -0.20%
Dynamic Power Global Growth Class IP 0.80% 1.00% -0.20%
Dynamic Power Global Navigator Class IP 0.80% 1.00% -0.20%
Dynamic Power Managed Growth Class IP 0.80% 1.00% -0.20%
Specialty Funds        
Dynamic Alternative Yield Fund IP 0.70% 0.85% -0.15%
Dynamic Emerging Markets Class IP 0.80% 1.00% -0.20%
Dynamic Energy Income Fund
I
IP
0.85%
0.70%
1.15%
0.85%
-0.30%
-0.15%
Dynamic Focus + Resource Fund
I
IP
1.00%
0.80%
1.15%
1.00%
-0.15%
-0.20%
Dynamic Global Real Estate Fund
I
IP
1.00%
0.80%
1.15%
1.00%
-0.15%
-0.20%
Dynamic Strategic Energy Class IP 0.80% 1.00% -0.20%
Dynamic Strategic Resource Class IP 0.80% 1.00% -0.20%

1 Management fee reductions to Series I, IP, and IT of the specified funds apply to all tiers of the management fee schedule

The Altitude Investment Programme is available exclusively through financial advisors. The program equips advisors with the flexibility to provide customized investment solutions that can meet the unique needs of their clients.

About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. and the manager of the funds mentioned above.  GCIC Ltd. offers a wide range of wealth management solutions through financial advisors.  These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high-net-worth investment counsel of DundeeWealth Investment Counsel.  DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.

The above is provided for information purposes only and is not, and under any circumstance to be construed as, an offering of the Dynamic Funds, the Marquis Investment Program or any other securities or taken as investment advice. Investors should read the fund's simplified prospectus for information about the fund's investment objectives, strategies and the risks associated with an investment in the fund before investing. Investors should discuss the suitability of the fund with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees, performance fees and expenses all maybe associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. We reserve the right to change or waive minimum investment amounts and subsequent investment amounts in a series of a fund at any time, as well as change the eligibility requirements for participation in, and the services available with, the program.

® Dynamic Funds is a registered trademark of its owner, used under license.

 

SOURCE: GCIC Ltd.

For further information:

Customer Relations Centre
1-800-268-8186 
www.dynamic.ca 

Media Relations
Diana Hart
416-866-7238


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