The investment firm has announced changes to several series of its Symmetry Portfolio funds
Mackenzie Financial Corporation has announced that effective Jan. 3, management fees and trailing commissions will be reduced on Series LB, LM, and LX of three of its Symmetry Portfolio fund offerings, otherwise known as the Laurentian Bank Group of Funds.
The changes are being made with the objective of aligning trailing commissions with general industry standards for compensation paid in the industry for balanced and equity categories. They are also in line with an earlier announcement from Mackenzie regarding the lowering of management fees and dealer compensation to Series A, AR, G, I, T6 and T8 units of the three Symmetry Portfolios.
In essence, 25-basis point reductions will be applied to the trailing commissions and the management fees for the specified fund series. The specific changes to be made are as follows:
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The changes are being made with the objective of aligning trailing commissions with general industry standards for compensation paid in the industry for balanced and equity categories. They are also in line with an earlier announcement from Mackenzie regarding the lowering of management fees and dealer compensation to Series A, AR, G, I, T6 and T8 units of the three Symmetry Portfolios.
In essence, 25-basis point reductions will be applied to the trailing commissions and the management fees for the specified fund series. The specific changes to be made are as follows:
| Fund Name | Current Trailing Commission |
New Trailing Commission |
Current Management Fee |
New Management Fee |
| Symmetry Moderate Growth Portfolio/Class |
||||
| Series LB | 1.25% | 1.00% | 2.10% | 1.85% |
| Series LM | 1.25% | 1.00% | 2.10% | 1.85% |
| Series LX | 1.25% | 1.00% | 2.10% | 1.85% |
| Symmetry Growth Portfolio/Class |
||||
| Series LB | 1.25% | 1.00% | 2.25% | 2.00% |
| Series LM | 1.25% | 1.00% | 2.15% | 2.00% |
| Series LX | 1.25% | 1.00% | 2.25% | 2.00% |
| Symmetry Equity Portfolio Class |
||||
| Series LB | 1.25% | 1.00% | 2.25% | 2.00% |
| Series LM | 1.25% | 1.00% | 2.15% | 2.00% |
| Series LX | 1.25% | 1.00% | 2.25% | 2.00% |
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