TORONTO, Aug. 28, 2018 /CNW/ - Davis-Rea Ltd. (Davis-Rea), the manager of the Davis-Rea Mutual Funds (the Funds), today announced changes to the risk ratings of its three publicly offered mutual funds effective August 27, 2018. These changes are the result of complying with the Canadian Securities Administrators' updated risk classification methodology.
These changes will be reflected in the renewal of the Funds' simplified prospectus and fund facts that will each be dated on or about August 27, 2018. There are no changes to the investment objectives or strategies of the Funds associated with these new risk ratings.
| Fund Name |
Former Rating |
New Rating |
| Davis-Rea Balanced Fund |
Medium |
Low - Medium |
| Davis-Rea Equity Fund |
Medium - High |
Medium |
| Davis-Rea Fixed Income Fund |
Low - Medium |
Low |
About Davis-Rea
Davis-Rea is an Ontario corporation formed by amalgamation on April 1, 1997 and its primary business activity is management of the Funds and providing investment advice to other clients.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Davis-Rea Ltd.
John O'Connell, Chief Executive Officer, Davis-Rea Ltd., Tel: 416.324.2200
Share this article