Management Fee Reductions and Risk Rating Changes

 

Management Fee Reductions 

Effective April 1, 2018, we will be reducing management fees on 4 additional AGF funds. These management fee reductions range from 10 bps to 50 bps and will impact a number of fund series, see below for a list of impacted funds and the respective discounts on the maximum tiers. 

Fund

MF Series

Series F

Effective Date

Global Equity Funds

AGF Global Select Fund

2.35% to 2.00%

-

11-Dec-17

AGF Emerging Markets Class

2.50% to 2.00%

1.50% to 1.00%

01-Apr-18

AGF Emerging Markets Fund

2.50% to 2.00%

1.50% to 1.00%

01-Apr-18

Global Fixed Income Funds

AGF Total Return Bond Class

1.50% to 1.45%

0.90% to 0.75%

11-Dec-17

AGF Total Return Bond Fund

1.50% to 1.45%

0.90% to 0.75%

11-Dec-17

Canadian Fixed Income

AGF Fixed Income Plus Class

1.50% to 1.20%

-

01-Apr-18

AGF Fixed Income Plus Fund

1.50% to 1.20%

-

01-Apr-18

U.S. Equity Funds

AGF US Sector Class

2.20% to 2.00%

1.20% to 1.00%

11-Dec-17

 

Fund

Series Q

Series W

Effective Date

Global Equity Funds

AGF Global Dividend Class

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

AGF Global Dividend Fund

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

AGF Global Equity Class

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

AGF Global Equity Fund

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

AGF Emerging Markets Class

1.20% to 0.90%

-

01-Apr-18

AGF Emerging Markets Fund

1.20% to 0.90%

-

01-Apr-18

Global Fixed Income Funds

AGF Floating Rate Income

1.00% to 0.80%

1.00% to 0.80%

11-Dec-17

AGF Global Convertible Bond Fund

0.95% to 0.80%

0.95% to 0.80%

11-Dec-17

Canadian Fixed Income

AGF Fixed Income Plus Class

0.70% to 0.60%

0.70 to 0.60%

01-Apr-18

AGF Fixed Income Plus Fund

0.70% to 0.60%

0.70 to 0.60%

01-Apr-18

U.S. Equity Funds

AGF American Growth Class

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

Specialty Funds

AGF Flex Asset Allocation Fund

1.00% to 0.85%

1.00% to 0.85%

11-Dec-17

AGF Global Sustainable Growth Equity Fund

1.00% to 0.90%

1.00% to 0.90%

11-Dec-17

Managed Solutions

AGF Elements Balanced Portfolio

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

AGF Elements Balanced Portfolio Class

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

AGF Elements Conservative Portfolio

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

AGF Elements Conservative Portfolio Class

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

AGF Elements Global Portfolio

0.90% to 0.80%

0.90% to 0.80%

11-Dec-17

AGF Elements Global Portfolio Class

0.90% to 0.80%

0.90% to 0.80%

11-Dec-17

AGF Elements Growth Portfolio

0.90% to 0.70%

0.90% to 0.70%

11-Dec-17

AGF Elements Growth Portfolio Class

0.90% to 0.70%

0.90% to 0.70%

11-Dec-17

AGF Elements Yield Portfolio

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

AGF Elements Yield Portfolio Class

0.80% to 0.70%

0.80% to 0.70%

11-Dec-17

 

Risk Rating Change

The risk ratings for an additional 11 funds are changing as a result of compliance with the Canadian Securities Administrators’ Mutual Fund Risk Classification Methodology, which became effective on September 1, 2017. No material changes have been made to the investment objectives, strategies or management of the Funds.

Please see below for a list of revised risk ratings on AGF funds to date. 

Fund Name

Previous Risk Rating

Revised Risk Rating

Effective Date

AGF Asian Growth Class

High

Medium to High

08-Mar-18

AGF Asian Growth Fund*

High

Medium to High

08-Mar-18

AGF Canadian Small Cap Fund

High

Medium to High

11-Dec-17

AGF Canadian Small Cap Fund

Medium to High

Medium

08-Mar-18

AGF Elements Conservative Portfolio

Low to Medium

Low

11-Dec-17

AGF Elements Conservative Portfolio Class

Low to Medium

Low

11-Dec-17

AGF Elements Growth Portfolio

Medium

Low to Medium

11-Dec-17

AGF Elements Growth Portfolio Class

Medium

Low to Medium

11-Dec-17

AGF Emerging Markets Balanced Fund

Medium

Low to Medium

11-Dec-17

AGF Emerging Markets Class

High

Medium

08-Mar-1817

AGF Emerging Markets Fund

High

Medium to High

11-Dec-17

AGF Emerging Markets Fund

Medium to High

Medium

08-Mar-18

AGF European Equity Fund*

Medium

Medium to High

08-Mar-18

AGF Global Convertible Bond Fund

Low

Low to Medium

11-Dec-17

AGF Global Dividend Class

Medium

Low to Medium

08-Mar-18

AGF Global Dividend Fund

Medium

Low to Medium

08-Mar-18

AGF Global Resources Class

High

Medium to High

11-Dec-17

AGF Global Resources Fund*

High

Medium to High

08-Mar-2018

AGF Global Select Fund

Medium to High

Medium

11-Dec-17

AGF Global Sustainable Growth Equity Fund

Medium

Medium to High

11-Dec-17

AGF High Yield Bond Fund

Low to Medium

Low

11-Dec-17

AGF Total Return Bond Class

Low to Medium

Low

11-Dec-17

AGF Total Return Bond Fund

Low to Medium

Low

11-Dec-17

AGF U.S. Small-Mid Cap Fund

High

Medium to High

08-Mar-2018

 

*These Funds only offer Series S units, which are available for purchase only by institutional investors who meet the eligibility requirements set out in the applicable simplified prospectus.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated.