Invesco Canada announces enhancements to Platform Traded Fundstm offerings
Also announces risk rating changes
TORONTO, Feb. 23, 2018 /CNW/ - Invesco Canada today announced it is enhancing the offering of its innovative Platform Traded Fundstm (PTFs), effective March 12, 2018.
Designed for fee-based accounts, PTFs are unique in that they transact and settle just like listed securities or exchange-traded funds. Developed by Invesco Canada and introduced in 2015, the goal was simple: to deliver active investment management at a cost comparable to institutional pricing. PTFs offer low-cost actively managed portfolios to clients with fee-based accounts.
PTF enhancements
The fixed-rate expense fees on all PTFs will be reduced. These fixed fees partially cover the operating expenses of the funds. Any operating expenses beyond these amounts are paid by Invesco Canada.
|
Fixed-rate expense fee reductions | |||
|
Fund |
Series |
Current |
Reduced |
|
Invesco Canadian Bond Fund |
PTF |
0.20% |
0.05% |
|
Invesco Global Bond Fund |
PTF |
0.20% |
0.10% |
|
Invesco Advantage Bond Fund |
PTF |
0.20% |
0.15% |
|
Invesco Global High Yield Bond Fund |
PTF |
0.20% |
0.15% |
|
Invesco Floating Rate Income Fund |
PTF |
0.20% |
0.15% |
|
Trimark Diversified Yield Class |
PTF |
0.20% |
0.15% |
|
Trimark Global Diversified Income Fund |
PTF |
0.20% |
0.15% |
|
Invesco Global Monthly Income Fund |
PTF |
0.20% |
0.15% |
|
Trimark Global Balanced Class |
PTF |
0.20% |
0.15% |
|
Trimark Canadian Endeavour Fund |
PTF |
0.20% |
0.15% |
|
Trimark Canadian Opportunity Class |
PTF |
0.20% |
0.15% |
|
Trimark Canadian Plus Dividend Class |
PTF |
0.20% |
0.15% |
|
Invesco Canadian Premier Growth Class |
PTF |
0.20% |
0.15% |
|
Trimark U.S. Companies Class |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark U.S. Small Companies Class |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark Global Dividend Class |
PTF |
0.20% |
0.15% |
|
Invesco Global Dividend Income Fund |
PTF |
0.20% |
0.15% |
|
Trimark Fund |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark Global Fundamental Equity Class |
PTF |
0.20% |
0.15% |
|
Trimark Global Endeavour Class |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark Global Small Companies Class |
PTF, PTFU |
0.20% |
0.15% |
|
Invesco Global Growth Class |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark International Companies Class |
PTF |
0.20% |
0.15% |
|
Invesco International Growth Class |
PTF, PTFU |
0.20% |
0.15% |
|
Invesco European Growth Class |
PTF, PTFU |
0.20% |
0.15% |
|
Trimark Europlus Fund |
PTF, PTFU |
0.20% |
0.15% |
|
Invesco Indo-Pacific Fund |
PTF, PTFU |
0.30% |
0.20% |
|
Trimark Emerging Markets Class |
PTF, PTFU |
0.30% |
0.20% |
|
Trimark Energy Class |
PTF |
0.20% |
0.15% |
|
Trimark Resources Fund |
PTF |
0.20% |
0.15% |
|
Invesco Global Real Estate Fund |
PTF, PTFU |
0.20% |
0.15% |
Invesco will also reduce the management and advisory fees (MAFs) on the following PTFs:
|
Fund |
Series |
Current |
Reduced |
|
Trimark Global Balanced Class |
PTF |
0.60% |
0.55% |
|
Trimark U.S. Companies Class |
PTF, PTFU |
0.70% |
0.55% |
|
Invesco Indo-Pacific Fund |
PTF, PTFU |
0.80% |
0.75% |
|
Trimark Emerging Markets Class |
PTF, PTFU |
0.80% |
0.75% |
|
Trimark Energy Class |
PTF |
0.80% |
0.75% |
|
Trimark Resources Fund |
PTF |
0.80% |
0.75% |
|
Invesco Global Real Estate Fund |
PTF, PTFU |
0.80% |
0.75% |
PTFs provide the following benefits:
Lower cost: This delivery process for active management materially reduces management fees versus traditional Series F mutual funds. These savings are passed on entirely to investors.
No minimums: There are no minimum investment thresholds to meet. All investors benefit from the same low management fee, regardless of the size of their portfolios.
Bulk trading: PTFs may be bulk traded. Dealers can leverage existing functionality within their equity order management systems, thus allowing purchase and redemption orders to be made across multiple client accounts at the same time for PTFs.
Note on MER reporting
The fee reductions described above will not be immediately reflected in the published management expense ratio (MER) for any given PTF.
MERs are based on the fees applied during the previous calculation period. They are calculated and published twice a year ? on June 30 and December 31 for funds with a December 31 year-end, and March 31 and September 30 for funds with a March 31 year-end.
As such, published MERs will fully reflect the lower fees on June 30, 2019 for funds with a December 31 year-end, and on March 31, 2019 for funds with a March 31 year-end.
Risk rating change
Invesco Canada also announced that effective today, risk rating changes for the following funds were made:
|
Fund |
Current risk |
Revised risk |
|
Invesco Indo-Pacific Fund |
Medium to High |
Medium |
|
Trimark Resources Fund |
Medium to High |
High |
The risk rating changes were made in accordance with the risk classification methodology introduced by the Canadian Securities Administrators to determine the risk level of mutual funds. There are no changes to the investment objectives, strategies or management of the funds.
For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
* Invesco®, Platform Traded FundTM, PTFTM and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. Trimark®, and all associated trademarks are trademarks of Invesco Canada Ltd.
SOURCE Invesco Canada Ltd.
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