Standard Life Mutual Funds Ltd., the manager of the Standard Life Mutual Funds, has announced a change to the risk rating associated with investing in the funds listed in the table below.
The Investment Funds Institute of Canada established guidelines for determining risk ratings based primarily upon the variability of returns for a mutual fund. Based on these guidelines, SLMF determined it was prudent to change the risk rating for the following funds in the following manner:
|Fund||Current Risk Rating||New Risk Rating|
|Standard Life Diversified Income Fund||Low to Medium||Low|
|Standard Life U.S. Dividend Growth Fund||Medium||Low to Medium|
|Standard Life U.S. Dividend Growth Class||Medium||Low to Medium|
|Standard Life Canadian Equity Growth Fund||Medium to High||Medium|
|Standard Life Canadian Equity Growth Class||Medium to High||Medium|
|Standard Life Canadian Equity Value Fund||Medium to High||Medium|
|Standard Life Canadian Equity Value Class||Medium to High||Medium|
No material changes have been made to the investment objectives, strategies or management of these funds.