Toronto-based Mavrix Fund Management Inc. will begin offering
F-class units for nine of its funds, effective immediately. The funds include: Mavrix Dividend & Income Fund; Mavrix Diversified Fund; Mavrix Canada Fund; Mavrix Strategic Bond Fund; Mavrix Sierra Equity Fund; Mavrix Global Fund; Mavrix Explorer Fund; Mavrix Canadian Income Trust Fund; and Mavrix Small Companies Fund. “The launch of F-class [units] recognizes the demand we have received for this type of product for fee-based accounts,” says David Balsdon, Mavrix’s vice president and secretary-treasurer. Mavrix also announced it is increasing its low-load, DSC commission to 3% from 2%, with the applicable trailer fee now payable beginning on the first anniversary of the purchase rather than immediately. The annual 10% DSC-free redemption feature remains in place, the company says.