SOURCE: Dynamic Funds

Dynamic Funds

May 17, 2016 11:00 ET

Dynamic Funds Simplifies Its Fee-Based Line-Up and Lowers Fees

TORONTO, ON--(Marketwired - May 17, 2016) - Dynamic Funds today announced it has simplified its fee-based line-up by lowering fees and introducing automatic discount pricing. With these improvements, fee-based advisors can access the best available fund pricing for their clients through a single fee-based series.

"We've listened to advisors and their dealers to make it simpler for them to do business on our fee-based platform," said Jordy Chilcott, President and CEO, Dynamic Funds. "Dynamic is excited to offer fee-based advisors and their clients better and smarter pricing and compelling value for active management."

The following changes are effective June 1, 2016:

Fee Reductions
Fee reductions have been made to the fee-based series of 78 funds through either lower management fees or lower fixed administration fees. As a result, the cost of these funds has been lowered by up to 22 basis points. For a complete listing of the affected funds and their respective fee reduction, please visit www.dynamic.ca/fees/f.

Smarter Pricing
Additional management fee reductions will be available for those individual investors with more than $250,000 invested in a fee-based series of a fund. Fee reductions between 5 and 22.5 basis points will be automatically applied when asset levels in these fee-based series breakthrough three different thresholds: $250,000, $1 Million, and $5 Million. Upon meeting the asset threshold, the management fee reduction will be applied to all assets held in the fund.

In transitioning to a more simplified fee-based platform, Series FI for a large majority of funds will be capped to new investors but will remain open for purchases to existing Series FI securityholders. In addition, effective June 16, 2016, certain funds will have their Series I management fee reduced and the entire Series I-related fund line-up will adopt a lowered management fee schedule for investments over $250,000 -- more information on these specific changes can be found at www.dynamic.ca/fees/i.

About Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the funds. Please read the prospectus before investing. Investments in the funds are not guaranteed; their values change frequently and past performance may not be repeated.

Contact Information

  • For further information, please contact:

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

    For media enquiries only:


    Debra Chan
    Public, Corporate and Government Affairs
    Scotiabank
    (416) 866-6443
    debra.chan@scotiabank.com