Investors have approved several mergers to simplify the Quadrus Group of Funds product lineup, Mackenzie Investments and Quadrus Investment Services Ltd. announced Tuesday.
Quadrus Group of Funds is managed by Mackenzie Investments.
Real Return Bond Fund (Portico) will be merged into Core Bond Fund (Portico), Canadian Equity Class will be merged into Canadian Dividend Class (Laketon), U.S. and International Equity Class will merge into Global All Cap Equity Class (Setanta), U.S. and International Specialty Class will merge into Global All Cap Equity Class (Setanta), and U.S. Value Fund (London Capital) will merge into U.S. Value Fund (Putnam).
These mergers will be implemented on or about Feb. 8.
Mergers proposed for two Quadrus funds — Short Term Bond Fund (Portico) and North American Specialty Class — did not receive investor approval to proceed, the companies said.
Separately, investors approved two mergers aimed to streamline Mackenzie’s product lineup, Mackenzie announced.
Mackenzie Canadian All Cap Dividend Fund will be merged into Mackenzie Canadian Large Cap Dividend Fund and Mackenzie Canadian All Cap Dividend Class will merge into Mackenzie Canadian Large Cap Dividend Class.
These mergers will take effect on or about Feb. 8.
Also approved was a change to the investment objective of Mackenzie Canadian Large Cap Dividend Class to enable the fund to invest substantially all of its assets in other mutual funds instead of or in addition to investing directly in securities. This change is now in effect.