OTTAWA, Oct. 30, 2015 /CNW/ - MD Financial Management Inc. (MD), a Canadian Medical Association (CMA)-owned wealth management organization, today announced it is in the process of filing updated Fund Facts documents for the MD Strategic Opportunities Fund, MD Strategic Yield Fund, MDPIM Strategic Opportunities Pool, and the MDPIM Strategic Yield Pool (the Funds).
The updated Fund Facts documents for the Funds reflect the revised management expense ratios (MERs) of the Funds for the semi-annual period ended June 30, 2015, as well as updates to the information in the Fund Facts documents to November 2, 2015.
The revised MERs for the Funds now include the fees and expenses of the exchange-traded funds (ETFs) in which each of the Strategic Funds invests. These fees and expenses are paid to the managers of the various ETFs. The actual amount of fees paid by clients who own these funds has not changed. It is only the disclosure that is changing to include the underlying ETF MER's that are additional to the Funds' MER.
MD is disclosing this information as part of its ongoing commitment to MD clients to full transparency.
Each Fund's Interim Management Report of Fund Performance (MRFP) and Interim Financial Statements (FS), each for the period ended June 30, 2015, have also been restated to reflect the revised MERs.
The updated Fund Facts and the restated MRFPs and FS will be available at www.sedar.com and on MD's website at md.cma.ca.
About MD Financial Management
Owned by the Canadian Medical Association, MD Financial Management's only business imperative is to enhance physicians' financial outcomes by focusing on their distinctive needs and operating in their best interests.
MD has more than $39 billion in assets under administration and is dedicated to serving Canada's physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.
SOURCE MD Financial Management Inc.
For further information: Media Contacts: Maria Grant, Lead, External Communications, MD Financial Management, firstname.lastname@example.org, 613 809-0657; Deborah Thompson, DT Communications, email@example.com, 416 918-9551