Invesco Canada announces fee reductions and capping of expenses

TORONTO, May 8, 2017 /CNW/ - Invesco Canada ("Invesco") today announced it is reducing the management and advisory fees (MAFs) on select series across several funds, effective May 23, 2017. At the same time, operating expenses for select fee-based series of certain funds are being capped.

Savings will be passed on entirely to investors holding the applicable series. The MAF reductions and operating expense caps are expected to have an immediate effect on 75 fund series, beginning May 23, 2017, as MAFs and operating expenses accrue daily. Of those 75 series that will be impacted immediately, Invesco expects the management expense ratios (MERs) will be reduced by an average of 0.17 percentage points.

Depending on the particular series of a fund, the MER may be reduced by as much as 0.53 percentage points. The operating expense caps will also provide cost certainty to investors in the funds that are not seeing an immediate impact.

The changes are detailed in the following tables:

Management fee reductions

Fund

Series

Previous MAF

New MAF

Invesco Canadian Balanced Fund

F

PF

1.00%

0.85%

0.85%

0.70%

Invesco Canadian Bond Fund

F

0.75%

0.65%

Invesco Core Canadian Balanced Class

F

1.00%

0.85%

Invesco Global Bond Fund

A

P

F

PF

PTF

1.25%

1.15%

0.75%

0.65%

0.65%

1.15%

1.05%

0.65%

0.55%

0.55%

Invesco Short-Term Bond Fund

F

0.75%

0.65%

Trimark Canadian Plus Dividend Class

F

PF

1.00%

0.85%

0.85%

0.70%

Trimark Diversified Yield Class

F, F8

PF, PF6

1.00%

0.85%

0.85%

0.70%

Trimark Global Balanced Class

F, F4, F6, FH

PF, PF4, PF6, PFH

PTF

1.00%

0.85%

0.70%

0.85%

0.70%

0.60%

Trimark Global Balanced Fund

F

PF

1.00%

0.85%

0.85%

0.70%

Trimark Global Diversified Income Fund

A

P

F

PF

PTF

2.00%

1.85%

1.00%

0.85%

0.70%

1.80%

1.65%

0.80%

0.65%

0.55%

Trimark Global Dividend Class

F, F4, F6, FH

PF, PF4, PF6, PFH

PTF

1.00%

0.85%

0.70%

0.85%

0.70%

0.60%

Trimark Income Growth Fund

F

PF

1.00%

0.85%

0.85%

0.70%

Trimark Select Balanced Fund

F

PF

1.00%

0.85%

0.85%

0.70%

 

Operating expense caps

Fund

Series

Operating expense cap

Invesco Advantage Bond Fund

F

0.20%

Invesco Canadian Balanced Fund

F, PF

0.20%

Invesco Canadian Bond Class

PF

0.20%

Invesco Canadian Bond Fund

F, PF

0.20%

Invesco Canadian Premier Growth Class

F, PF

0.20%

Invesco Canadian Premier Growth Fund

F

0.20%

Invesco Core Canadian Balanced Class

F

0.20%

Invesco Emerging Markets Debt Fund

F, PF

0.20%

Invesco European Growth Class

F, PF, PF6

0.25%

Invesco Floating Rate Income Fund

F, PF

0.20%

Invesco Global Bond Fund

F, PF

0.20%

Invesco Global Dividend Income Fund

F, PF

0.25%

Invesco Global Growth Class

F, PF

0.25%

Invesco Global High Yield Bond Fund

F

0.20%

Invesco Global Monthly Income Fund

F, PF

0.20%

Invesco Global Real Estate Fund

F

0.25%

Invesco Indo-Pacific Fund

F

0.25%

Invesco Intactive 2023 Portfolio

F

0.20%

Invesco Intactive 2028 Portfolio

F

0.20%

Invesco Intactive 2033 Portfolio

F

0.20%

Invesco Intactive 2038 Portfolio

F

0.20%

Invesco Intactive Balanced Growth Portfolio

F, PF

0.20%

Invesco Intactive Balanced Growth Portfolio Class

F, PF

0.20%

Invesco Intactive Balanced Income Portfolio

F, PF

0.20%

Invesco Intactive Balanced Income Portfolio Class

F, F4, F6, PF, PF4, PF6

0.20%

Invesco Intactive Diversified Income Portfolio

F, PF

0.20%

Invesco Intactive Diversified Income Portfolio Class

F, F4, F6, PF, PF4, PF6

0.20%

Invesco Intactive Growth Portfolio

F, PF

0.20%

Invesco Intactive Growth Portfolio Class

F, PF

0.20%

Invesco Intactive Maximum Growth Portfolio

F, PF

0.20%

Invesco Intactive Maximum Growth Portfolio Class

F, PF

0.20%

Invesco Intactive Strategic Yield Portfolio

F, F4, F6, PF

0.20%

Invesco International Growth Class

F, FH, PF, PFH

0.25%

Invesco International Growth Fund

F

0.25%

Invesco Select Canadian Equity Fund

F

0.20%

Invesco Short-Term Bond Fund

F

0.20%

Invesco Short-Term Income Class

F

0.20%

Trimark Canadian Class

F, PF

0.20%

Trimark Canadian Endeavour Fund

F, PF

0.20%

Trimark Canadian Fund

F

0.20%

Trimark Canadian Opportunity Class

F, PF

0.20%

Trimark Canadian Opportunity Fund

F

0.20%

Trimark Canadian Plus Dividend Class

F, PF

0.20%

Trimark Canadian Small Companies Fund

F, PF

0.20%

Trimark Diversified Yield Class

F, F8, PF, PF6

0.20%

Trimark Emerging Markets Class

F, PF

0.25%

Trimark Energy Class

F

0.25%

Trimark Europlus Fund

F, PF

0.25%

Trimark Fund

F, PF

0.25%

Trimark Global Balanced Class

F, F4, F6, FH, PF, PF4, PF6, PFH

0.20%

Trimark Global Balanced Fund

F, PF

0.20%

Trimark Global Diversified Income Fund

F, PF

0.20%

Trimark Global Dividend Class

F, F4, F6, FH, PF, PF4, PF6, PFH

0.25%

Trimark Global Endeavour Class

F, FH, PF, PFH

0.25%

Trimark Global Endeavour Fund

F, PF

0.25%

Trimark Global Fundamental Equity Class

F, FH, PF

0.25%

Trimark Global Fundamental Equity Fund

F

0.25%

Trimark Global Small Companies Class

F, PF

0.25%

Trimark Income Growth Fund

F, PF

0.20%

Trimark International Companies Class

F, PF

0.25%

Trimark International Companies Fund

F

0.25%

Trimark Resources Fund

F

0.25%

Trimark Select Balanced Fund

F, PF

0.20%

Trimark U.S. Companies Class

F, FH, PF, PFH

0.20%

Trimark U.S. Companies Fund

F

0.20%

Trimark U.S. Small Companies Class

F, PF

0.20%

 

Invesco calculates and publishes MERs semi-annually, based on the fees applied during the previous calculation period. As such, the MERs on affected funds with a December 31 year-end will fully reflect the fee reductions on June 30, 2018. For funds with a March 31 year-end, the MERs will fully reflect the fee reductions on September 30, 2018.

The actual MER reduction may be different than disclosed in this document. The series will not see an immediate decrease in the published MER. The operating expense cap does not include HST or other taxes.

For more information, please visit invesco.ca/feereduction. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook or through the Invesco Canada blog.

About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.

* Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.

© Invesco Canada Ltd., 2017

SOURCE Invesco Canada Ltd.

For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, aysha.mawani@invesco.com

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