Matrix Funds Management

Matrix Funds Management

December 14, 2010 12:07 ET

Matrix Funds Announces Prospectus Amendments for Two Funds

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Matrix Funds Management* announced today enhancements to the offerings of the Matrix International Income Balanced Fund and the Matrix International Balanced Fund (the "Funds"), both sub-advised by HAHN Investment Stewards & Company Inc. ("HAHN")

Management Fees for "F Class" units of both Funds will be reduced to 0.99% and an expense cap has been introduced for the Funds to promote greater cost certainty for investors. Minimum initial investment in both Funds will be $10,000 to reflect the institutional quality of HAHN's proven expertise and to promote lower fund operating costs.

In a Canadian mutual fund industry first, the Funds recently received exemptive relief from securities regulators that will allow both Funds to invest immediately in a wide range of IPUs (index participation units) listed on exchanges in the United Kingdom which increases the potential investments by the Funds. In addition, both Funds can now invest in additional types of Exchange Trade Funds (ETFs) listed in Canada and the United Sates including those that seek to replicate the performance of gold and the Funds expect to begin investing in these types of ETFs in the first quarter of calendar 2011. These two key developments provide HAHN even greater investment choice to pursue the firm's unique "top down" global investment style with focus on downside risk protection. "Matrix is committed to bringing further innovation to investors and is proud to deliver this industry advance," said Grahame Lyons of Matrix Funds.

The Funds will file an amendment to the simplified prospectus originally filed on July 22, 2010 which will include further details on these and other changes and to include disclosure in accordance with the exemptive relief noted above. Upon the issuance of a receipt by securities regulators, the prospectus amendment will be communicated to existing to unit holders of both Funds and their Investment Advisors and will be posted to the Matrix website at

About Matrix Funds Management*

Matrix Funds Management (a division of GrowthWorks Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (MTA:TSX). Matrix provides diversified asset and wealth management for both individuals and institutional investors. The Matrix Funds family has 22 fund offerings, including specialty funds, as well as long term core funds. Matrix Funds are offered by Matrix Funds Management (a division of GrowthWorks Capital Ltd.) and distributed through authorized dealers. Mutual fund choices should be evaluated relative to individual investment objectives. While information is accurate as at the date noted, holdings and asset mix will change. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund prospectus carefully before investing. Mutual funds, including distributions and target returns, are not guaranteed, their values change frequently and past performance may not be repeated.

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