CC&L Global Alpha Fund is lowering its risk rating, Toronto-based Connor, Clark & Lunn Funds Inc. announced on Thursday.

The fund’s risk rating changes to “Medium” from “Medium to High.”

The change will be reflected in the renewal of the CC&L Global Alpha Fund’s simplified prospectus on April 26.

The change is based on the new methodology mandated by the Canadian Securities Administrators and the related annual review by CC&L Funds to determine the risk level of publicly offered mutual funds, the company says in a news release.

It not a result of any modifications made to the investment objectives, strategies or management of the fund.