Mavrix Fund Management Inc. is now offering of F class units for nine Mavrix Funds.
The new units are available for approved participants in a fee-for-service or wrap account program sponsored by registered dealers.
As well, Mavrix is boosting the low load DSC commission to 3%, up from 2%, with the applicable trailing service fee now payable beginning on the first anniversary of the purchase.
“The launch of F class recognizes the demand we have received for this type of fund product for fee based accounts. It’s part of the continuing growth progression of our mutual fund line-up to expand into this sales channel,” says David Balsdon, vp and secretary-treasurer. “Fee- based business is growing and we are pleased to be able to offer our differentiated funds with F class to provide more flexibility and choice for our investment advisor and financial planner clients across Canada.”
Mavrix Funds available in F Class 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.
”We also changed our Low Load DSC commission structure to match the needs of investment advisors,” Balsdon saus “The commission has changed from 2% to 3% with the service trailer fee beginning on the first anniversary of purchase, rather than immediately, with the annual 10% DSC free redemption feature remaining in place.”