TORONTO, May 21, 2024
/CNW/ - Capital International Asset Management (Canada), Inc. ("Capital Group") announced it
will simplify the fixed-rate administration fees across its mutual
funds. Effective June 1, 2024, the
administration fees will be simplified by removing the three
asset-based tiers and moving to a single fixed-rate administration
fee for each series of a fund. Over time, these changes may result
in lower management expense ratios (MERs) on those funds which are
not currently at the lowest administration fee rate.
"The recent change to the fees aligns with Capital Group's
commitment to making decisions that prioritize the long-term
interests of existing and new investors in our funds," said
Rick Headrick, president of Capital
Group in Canada. "Consistent
active management, a simpler administration fee structure and lower
MERs on most of our mutual funds will help us deliver on our
mission to help Canadian investors achieve their financial
goals."
The new administration fees for the fund series are detailed
below:
|
Series A, A(US$) and
T4
|
|
Current
administration fees
(effective up to May 31, 2024)
Based on a fund's net assets
|
New administration
fees
(effective as of June 1, 2024)
|
|
Fund
name
|
Under
$500M
|
$500M -
$1B
|
Over
$1B
|
|
|
Capital Group
International
Equity FundTM (Canada)
|
0.15 %
|
0.09 %
|
0.06 %
|
0.06 %
|
|
Capital Group U.S.
Equity
FundTM (Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group Global
Equity
FundTM (Canada)
|
0.13 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Canadian
Focused Equity FundTM
(Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group
Capital
Income BuilderTM (Canada)
|
0.21 %
|
0.14 %
|
0.11 %
|
0.07 %
|
|
Capital Group
Emerging
Markets Total
Opportunities FundTM
(Canada)
|
0.17 %
|
0.11 %
|
0.08 %
|
0.08 %
|
|
Capital Group
Global
Balanced FundTM (Canada)
|
0.14 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Monthly
Income PortfolioTM (Canada)
|
0.11 %
|
0.07 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Canadian
Core Plus Fixed Income
FundTM (Canada)
|
0.15 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group World
Bond
FundTM (Canada)
|
0.14 %
|
0.08 %
|
0.06 %
|
0.06 %
|
|
Capital Group
Multi-Sector
Income FundTM (Canada)
|
0.15 %
|
0.11 %
|
0.08 %
|
0.07 %
|
|
Series F, F(US$) and
F4
|
|
Current
administration fees
(effective up to May 31, 2024)
Based on a fund's net assets
|
New administration
fees
(effective as of June 1, 2024)
|
|
Fund
name
|
Under
$500M
|
$500M -
$1B
|
Over
$1B
|
|
|
Capital Group
International
Equity FundTM (Canada)
|
0.15 %
|
0.09 %
|
0.06 %
|
0.06 %
|
|
Capital Group U.S.
Equity
FundTM (Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group Global
Equity
FundTM (Canada)
|
0.13 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Canadian
Focused Equity FundTM
(Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group
Capital
Income BuilderTM (Canada)
|
0.20 %
|
0.13 %
|
0.09 %
|
0.07 %
|
|
Capital Group
Emerging
Markets Total
Opportunities FundTM
(Canada)
|
0.17 %
|
0.11 %
|
0.08 %
|
0.08 %
|
|
Capital Group
Global
Balanced FundTM (Canada)
|
0.14 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Monthly
Income PortfolioTM (Canada)
|
0.11 %
|
0.08 %
|
0.06 %
|
0.05 %
|
|
Capital Group
Canadian
Core Plus Fixed Income
FundTM (Canada)
|
0.15 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group World
Bond
FundTM (Canada)
|
0.18 %
|
0.12 %
|
0.10 %
|
0.06 %
|
|
Capital Group
Multi-Sector
Income FundTM (Canada)
|
0.15 %
|
0.11 %
|
0.08 %
|
0.07 %
|
|
Series
D
|
|
Current
administration fees
(effective up to May 31, 2024)
Based on a fund's net assets
|
New administration
fees
(effective as of June 1, 2024)
|
|
Fund
name
|
Under
$500M
|
$500M -
$1B
|
Over
$1B
|
|
|
Capital Group
International
Equity FundTM (Canada)
|
0.21 %
|
0.15 %
|
0.12 %
|
0.06 %
|
|
Capital Group U.S.
Equity
FundTM (Canada)
|
0.18 %
|
0.13 %
|
0.10 %
|
0.04 %
|
|
Capital Group Global
Equity
FundTM (Canada)
|
0.19 %
|
0.13 %
|
0.10 %
|
0.05 %
|
|
Capital Group
Canadian
Focused Equity FundTM (Canada)
|
0.18 %
|
0.13 %
|
0.10 %
|
0.04 %
|
|
Capital Group
Emerging
Markets Total
Opportunities FundTM
(Canada)
|
0.23 %
|
0.17 %
|
0.14 %
|
0.08 %
|
|
Series
I
|
|
Current
administration fees
(effective up to May 31, 2024)
Based on a fund's net assets
|
New administration
fees
(effective as of June 1, 2024)
|
|
Fund
name
|
Under
$500M
|
$500M -
$1B
|
Over
$1B
|
|
|
Capital Group
International
Equity FundTM (Canada)
|
0.15 %
|
0.09 %
|
0.06 %
|
0.05 %
|
|
Capital Group U.S.
Equity
FundTM (Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group Global
Equity
FundTM (Canada)
|
0.13 %
|
0.08 %
|
0.05 %
|
0.03 %
|
|
Capital Group
Canadian
Focused Equity FundTM (Canada)
|
0.13 %
|
0.07 %
|
0.04 %
|
0.04 %
|
|
Capital Group
Capital
Income BuilderTM (Canada)
|
0.15 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Emerging
Markets Total
Opportunities FundTM
(Canada)
|
0.17 %
|
0.11 %
|
0.08 %
|
0.06 %
|
|
Capital Group
Global
Balanced FundTM (Canada)
|
0.14 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group
Monthly
Income PortfolioTM (Canada)
|
0.08 %
|
0.04 %
|
0.02 %
|
0.02 %
|
|
Capital Group
Canadian
Core Plus Fixed Income
FundTM (Canada)
|
0.15 %
|
0.08 %
|
0.05 %
|
0.05 %
|
|
Capital Group World
Bond
FundTM (Canada)
|
0.14 %
|
0.08 %
|
0.06 %
|
0.05 %
|
|
Capital Group
Multi-Sector
Income FundTM (Canada)
|
0.12 %
|
0.07 %
|
0.05 %
|
0.05 %
|
|
Hedged
series
|
|
Current
administration fees
(effective up to May 31, 2024)
Based on a fund's net assets
|
New administration
fees
(effective as of June 1, 2024)
|
|
Fund
name
|
Under
$500M
|
$500M -
$1B
|
Over
$1B
|
|
|
Capital Group
Capital
Income BuilderTM (Canada)
|
Series AH:
0.26%
|
Series AH:
0.19%
|
Series AH:
0.16%
|
Series AH and FH:
0.12%
|
|
Series FH:
0.25%
|
Series FH:
0.18%
|
Series FH:
0.14%
|
|
Capital Group World
Bond
FundTM (Canada)
|
Series AH:
0.19%
|
Series AH:
0.13%
|
Series AH:
0.11%
|
Series AH and FH:
0.11%
Series IH: 0.10%
|
|
Series FH:
0.23%
|
Series FH:
0.17%
|
Series FH:
0.15%
|
|
Series IH:
0.19%
|
Series IH:
0.13%
|
Series IH:
0.11%
|
In addition to the changes to the fixed administration fees
outlined above, the management fee for Monthly Income Portfolio
will also be lowered effective June 1,
2024.
Capital Group Monthly Income
PortfolioTM (Canada)
Lower management fees
|
Series
|
Current — up to May
31, 2024
|
New — as of June 1,
2024
|
|
|
|
Annual management
fee rate
based on fund's net assets
|
Annual management
fee rate
based on fund's net assets
|
|
|
|
|
|
On first
$5B
|
$5B -
$10B
|
Over
$10B
|
On first
$5B
|
$5B -
$10B
|
Over
$10B
|
|
|
|
Series A and
T4
|
1.65 %
|
1.62 %
|
1.60 %
|
1.60 %
|
1.57 %
|
1.55 %
|
|
|
|
Series F and
F4
|
0.65 %
|
0.62 %
|
0.60 %
|
0.60 %
|
0.57 %
|
0.55 %
|
|
|
About Capital Group
Capital International Asset Management (Canada), Inc. is part of Capital Group, a
global investment management firm originating in Los Angeles, California. Since 1931, the
Capital Group organization has been singularly focused on
delivering superior results for long-term investors using
high-conviction portfolios, rigorous research and individual
accountability. As of March 31, 2024,
Capital Group manages more than US$2.6
trillion in equity and fixed income assets for millions of
individual and institutional investors around the world.
Capital Group manages equity assets through three investment
groups. These groups make investment and proxy voting decisions
independently. Fixed income investment professionals provide fixed
income research and investment management across the Capital Group
organization; however, for securities with equity characteristics,
they act solely on behalf of one of the three equity investment
groups.
For more information, visit: www.capitalgroup.com/ca/en
SOURCE Capital Group Canada