Effective June 1, Dynamic Funds has changed its fee-based platform to bring better access and pricing to investors. Introducing fee-based investing without the fine print.
There is no need to search for – or switch to – other high net worth series as assets grow. Because we've aligned our fees and improved our pricing model, fee-based investors automatically get the lowest available fees, at all times. You continue to purchase the same fee-based funds, we ensure that you get the best pricing. It's that simple.
Fee reductions have been made to the fee-based series of 78 Dynamic Funds. As a result, the cost of owning these funds has been lowered by up to 22 basis points.
|Fixed Income||Reduced up to 22 bps|
|Domestic Balanced||Reduced up to 5 bps|
|Domestic Equity||Reduced up to 13 bps|
|Global Balanced||Reduced up to 15 bps|
|Global Equity||Reduced up to 15 bps|
|Specialty||Reduced up to 10 bps|
We have improved our discount model by introducing three simple new tiers and raising the amount of fee discounts. What's more, the entire discount is automatically applied to all assets held in the fund, back to dollar one.
|Equity Income &