Mackenzie Investments simplifies and enhances competitiveness of pricing | Mackenzie Investments

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Mackenzie Investments simplifies and enhances competitiveness of pricing


On October 8, 2014, Mackenzie Investments announced that it was enhancing its approach to the retail pricing of its mutual funds.

Mackenzie has reduced management fees on 13 funds (11 mandates)1

The company has aligned management fees within the income and balanced asset class categories, resulting in fee reductions to 13 mutual funds.

Fund1
Current
Management Fee
New
Management Fee
Decrease
Mackenzie Cundill Canadian Balanced Fund Series C
2.00%
1.85%
0.15%
Mackenzie Canadian All Cap Balanced Fund
2.00%
1.85%
0.15%
Mackenzie Canadian All Cap Balanced Class
2.00%
1.85%
0.15%
Mackenzie Ivy Canadian Balanced Fund Series F
1.00%
0.85%
0.15%
Mackenzie Canadian Growth Balanced Fund
2.00%
1.85%
0.15%
Mackenzie Canadian Large Cap Balanced Fund
2.00%
1.85%
0.15%
Mackenzie Ivy Global Balanced Fund
2.00%
1.85%
0.15%
Mackenzie Global Diversified Balanced Fund
2.00%
1.85%
0.15%
Mackenzie Canadian Large Cap Dividend Fund
2.00%
1.85%
0.15%
Mackenzie Canadian Large Cap Dividend Class
2.00%
1.85%
0.15%
Mackenzie Canadian Large Cap Dividend & Growth Fund
2.00%
1.85%
0.15%
Mackenzie Global Bond Fund
1.75%
1.50%
0.25%
Mackenzie North American Corporate Bond Fund
1.75%
1.50%
0.25%

1 Series A, C, SC, and T, with the exception of Mackenzie Ivy Canadian Balanced Fund

NOTE: Management Fees on selected other series including Series F (fee-based accounts), Series D and Mackenzie Private Wealth Series of selected funds are also being reduced.

Lower fixed-rate administration fees

The company has also lowered the fixed-rate administration fee on many Series A, C, SC, and T funds to align the rates applied within each asset class. In addition, administration fees have been lowered across the entire offering of Series F mutual funds.

The fixed rate administration fees, effective September 29, 2014, by asset class are as follows:

Asset class
Series A, C, SC, T
Series F
Canadian Fixed Income 0.17% 0.15%
Global/High Yield Fixed Income2 0.20% 0.15%
Canadian Balanced 0.21% 0.16%
Global Balanced 0.24% 0.16%
Canadian Equity2 0.24% 0.19%
Global Equity (incl. US Equity)2 0.28% 0.20%
Specialty2 0.31% 0.20%

2 Maximum Administration Fee. Some existing funds or series in individual asset class categories may continue to have lower fixed admin fees than those reflected in the chart.

Series D funds, sold exclusively through the discount brokerage channel, are priced at the Series F rate plus a reduced dealer service fee of 0.25%.

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