Toronto-based Mackenzie Financial Corp. will reduce the management fees and trailing commissions on three separate series of three portfolios under the firm’s Symmetry Portfolio lineup.
The changes affect series LB, Series LM and Series LX within the following funds: Symmetry Moderate Growth Portfolio/Class; Symmetry Growth Portfolio/Class; and Symmetry Equity Portfolio Class.
“This change is the result of aligning trailing commissions with the compensation generally paid in the industry for funds in the balanced and equity categories,” Tuesday’s announcement states.
All changes are effective Jan. 3, 2017. Full details on the new fees and trailing commissions are available in the firm’s announcement.
Today’s announcement follows the asset manager’s previous announcement that it would be lowering fees on Series A, AR, G, I, T6 and T8 units of the same three portfolios.
Mackenzie to change fees, compensation on several funds
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