Invesco Canada announces enhancements to Platform Traded Funds™ offerings
Contact: Aysha Mawani
Vice President, Corporate Affairs
Tel: 416.324.7712
Invesco Canada announces enhancements to Platform Traded Funds™ offerings
Also announces risk rating changes
Toronto, February 23, 2018 – Invesco Canada today announced it is enhancing the offering
of its innovative Platform Traded Funds™ (PTFs), effective March 12, 2018.
Designed for fee-based accounts, PTFs are unique in that they transact and settle just like listed
securities or exchange-traded funds. Developed by Invesco Canada and introduced in 2015, the
goal was simple: to deliver active investment management at a cost comparable to institutional
pricing. PTFs offer low-cost actively managed portfolios to clients with fee-based accounts.
PTF enhancements
The fixed-rate expense fees on all PTFs will be reduced. These fixed fees partially cover the
operating expenses of the funds. Any operating expenses beyond these amounts are paid by
Invesco Canada.
Fixed-rate expense fee reductions
Fund Series
Current
fixed-rate
expense
fee
Reduced
fixed-
rate
expense
fee
Invesco Canadian Bond Fund PTF 0.20% 0.05%
Invesco Global Bond Fund PTF 0.20% 0.10%
Invesco Advantage Bond Fund PTF 0.20% 0.15%
Invesco Global High Yield Bond Fund PTF 0.20% 0.15%
Invesco Floating Rate Income Fund PTF 0.20% 0.15%
Trimark Diversified Yield Class PTF 0.20% 0.15%
Trimark Global Diversified Income Fund PTF 0.20% 0.15%
Invesco Global Monthly Income Fund PTF 0.20% 0.15%
Trimark Global Balanced Class PTF 0.20% 0.15%
Trimark Canadian Endeavour Fund PTF 0.20% 0.15%
Trimark Canadian Opportunity Class PTF 0.20% 0.15%
Trimark Canadian Plus Dividend Class PTF 0.20% 0.15%
Invesco Canadian Premier Growth Class PTF 0.20% 0.15%
Trimark U.S. Companies Class PTF, PTFU 0.20% 0.15%
Trimark U.S. Small Companies Class PTF, PTFU 0.20% 0.15%
Trimark Global Dividend Class PTF 0.20% 0.15%
Invesco Global Dividend Income Fund PTF 0.20% 0.15%
Trimark Fund PTF, PTFU 0.20% 0.15%
Trimark Global Fundamental Equity Class PTF 0.20% 0.15%
Trimark Global Endeavour Class PTF, PTFU 0.20% 0.15%
Trimark Global Small Companies Class PTF, PTFU 0.20% 0.15%
Invesco Global Growth Class PTF, PTFU 0.20% 0.15%
Trimark International Companies Class PTF 0.20% 0.15%
Invesco International Growth Class PTF, PTFU 0.20% 0.15%
Invesco European Growth Class PTF, PTFU 0.20% 0.15%
Trimark Europlus Fund PTF, PTFU 0.20% 0.15%
Invesco Indo-Pacific Fund PTF, PTFU 0.30% 0.20%
Trimark Emerging Markets Class PTF, PTFU 0.30% 0.20%
Trimark Energy Class PTF 0.20% 0.15%
Trimark Resources Fund PTF 0.20% 0.15%
Invesco Global Real Estate Fund PTF, PTFU 0.20% 0.15%
Invesco will also reduce the management and advisory fees (MAFs) on the following PTFs:
Fund Series
Current
management
fee
Reduced
management
fee
Trimark Global Balanced Class PTF 0.60% 0.55%
Trimark U.S. Companies Class PTF, PTFU 0.70% 0.55%
Invesco Indo-Pacific Fund PTF, PTFU 0.80% 0.75%
Trimark Emerging Markets Class PTF, PTFU 0.80% 0.75%
Trimark Energy Class PTF 0.80% 0.75%
Trimark Resources Fund PTF 0.80% 0.75%
Invesco Global Real Estate Fund PTF, PTFU 0.80% 0.75%
PTFs provide the following benefits:
Lower cost: This delivery process for active management materially reduces management fees
versus traditional Series F mutual funds. These savings are passed on entirely to investors.
No minimums: There are no minimum investment thresholds to meet. All investors benefit from
the same low management fee, regardless of the size of their portfolios.
Bulk trading: PTFs may be bulk traded. Dealers can leverage existing functionality within their
equity order management systems, thus allowing purchase and redemption orders to be made
across multiple client accounts at the same time for PTFs.
Note on MER reporting
The fee reductions described above will not be immediately reflected in the published
management expense ratio (MER) for any given PTF.
MERs are based on the fees applied during the previous calculation period. They are calculated
and published twice a year – on June 30 and December 31 for funds with a December 31 year-
end, and March 31 and September 30 for funds with a March 31 year-end.
As such, published MERs will fully reflect the lower fees on June 30, 2019 for funds with a
December 31 year-end, and on March 31, 2019 for funds with a March 31 year-end.
Risk rating change
Invesco Canada also announced that effective today, risk rating changes for the following funds
were made:
Fund Current risk
classification
Revised risk
classification
Invesco Indo-Pacific Fund Medium to High Medium
Trimark Resources Fund Medium to High High
The risk rating changes were made in accordance with the risk classification methodology
introduced by the Canadian Securities Administrators to determine the risk level of mutual
funds. There are no changes to the investment objectives, strategies or management of the
funds.
For more information, please visit invesco.ca. You can also connect with Invesco on Twitter
(@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated
with mutual fund investments. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read the simplified
prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
* Invesco®, Platform Traded FundTM, PTFTM and all associated trademarks are trademarks of
Invesco Holding Company Limited, used under licence. Trimark®, and all associated
trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2018
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