OceanRock Investments Inc. announces mutual fund risk rating changes

VANCOUVER, April 13, 2017 /CNW/ - OceanRock Investments Inc., the investment fund manager and portfolio manager of the Meritas® SRI Funds and OceanRock® Mutual Funds, announced today changes to the risk ratings of some of the funds it manages. These changes will be reflected in the renewal Prospectus and Fund Facts for the funds.

The Canadian Securities Administrators ("CSA") have made amendments to mandate a CSA risk classification methodology for use by OceanRock Investments Inc. ("OceanRock") as fund manager of the Meritas SRI Funds and OceanRock Mutual Funds to determine the investment risk level of mutual funds falling under National Instrument 81-102 (Investment Funds). The applicable changes are designed to create a standardized risk classification methodology which will provide greater transparency and consistency, allowing investors to more readily compare the investment risk levels of mutual funds. Following a review of all the Meritas SRI Funds and OceanRock Mutual Funds based on the approach mandated by the CSA, the following changes have been made to the funds and portfolios managed by OceanRock:

Fund Name

Current rating

New rating

Meritas Strategic Income Fund

low to medium

low

Meritas Income & Growth Portfolio

low to medium

low

Meritas Balanced Portfolio

medium

low to medium

Meritas Growth & Income Portfolio

medium

low to medium

Meritas Growth Portfolio

medium

low to medium

OceanRock Income & Growth Portfolio

low to medium

low

OceanRock Balanced Portfolio

medium

low to medium

OceanRock Growth & Income Portfolio

medium

low to medium

OceanRock Growth Portfolio

medium

low to medium

 

No material change has been made to the funds' investment objectives or strategies. Further, no changes were made to the investment time horizon of the funds.

The methodology used by OceanRock to identify the investment risk level of each mutual fund within the Meritas and OceanRock fund families is available at no cost by calling us at 866.924.6767 or by writing to us at info@oceanrock.ca.

About OceanRock

OceanRock Investments Inc. is a Canadian Responsible Investment leader, managing $1.8 billion on behalf of Canadian investors. OceanRock offers a comprehensive range of managed portfolio solutions and individual funds to meet the needs of individual and institutional investors. OceanRock is dedicated to offering disciplined, risk-controlled and diversified investment solutions to Canadian individual and institutional investors and has a core commitment to Responsible Investing through its Meritas® SRI Funds. OceanRock is a wholly owned subsidiary of Qtrade Financial Group. More information is available at www.oceanrock.ca.

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.

About Qtrade Financial Group

Qtrade Financial Group is a national, award-winning, integrated financial services company, with over $14 billion in assets. Qtrade provides online brokerage services to individual investors along with full-service brokerage, wealth and investment management platforms and services, custodial services, introducing broker services, and insurance solutions to meet the diverse needs of over 150 financial institutions, as well as their members and clients, across Canada. Qtrade's partners include credit unions, banks, trust companies, insurance companies, investment dealers, portfolio managers and financial planning firms. Qtrade is backed by Desjardins Group, the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world. More information is available at www.qtrade.ca.

SOURCE OceanRock Investments Inc.

For further information: Sean Kelly, Senior Communications Specialist, Qtrade Financial Group, 778.328.7583, media@qtrade.ca


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