TORONTO, Nov. 3, 2023 /CNW/ - Fidelity Investments Canada ULC (Fidelity) today announced fee reductions on several of its Global Balanced and Fixed Income mutual funds, effective November 9, 2023. These changes are being made in an effort to continue to deliver value for investors.  

The management fees (in basis points) of the following series of the funds will be reduced as follows:

The administration fees (in basis points) of the following series of the trust funds will be reduced as follows:

The administration fees (in basis points) of the following series of the corporate class funds will be reduced as follows:

Fidelity is also announcing a risk rating change to the following fund, effective November 9. The fund's investment objectives and strategies remain unchanged. The change is consistent with regulatory requirements and the Canadian Securities Administrators' (CSA) risk classification methodology.

Investors are encouraged to speak with their financial advisors about these changes and to review their options, if necessary. For account information, Fidelity's client services team can be reached between 8 a.m. and 8 p.m. EDT at 1-800-263-4077 (toll-free).

At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals.

As a privately-owned company, our people and world class resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $197 billion in assets under management (as at October 30, 2023) and they include individuals, financial advisors, pension plans, endowments, foundations and more.

We are proud to provide investors a full range of investment solutions through mutual funds and exchange-traded funds, including domestic, international and global equity, income-oriented strategies, asset allocation solutions, managed portfolios, sustainable investing, alternative mutual funds and our high net worth program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund's or ETF's prospectus, which contains detailed investment information, before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently, and investors may experience a gain or a loss. Past performance may not be repeated.

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SOURCE Fidelity Investments Canada ULC