Investors Group announces fund changes

Investors Group has proposed product changes, including fund mergers and investment objective and strategy changes, in an effort to streamline its offering.

Proposed fund mergers

The following proposed mergers are expected to take effect on or about the close of business on June 16, 2017, subject to all necessary approvals:

Merging fund	Continuing fund
Investors Canadian Balanced Fund	Investors Mutual of Canada
Investors Core Canadian Equity Fund	IG Franklin Bissett Canadian Equity Fund
Investors Core Canadian Equity Class	IG Franklin Bissett Canadian Equity Class
IG Templeton International Equity Fund	IG Mackenzie Ivy European Fund
IG Templeton International Equity Class	IG Mackenzie Ivy European Class
Investors International Equity Fund	IG Mackenzie Ivy European Fund
Investors International Equity Class	IG Mackenzie Ivy European Class
Investors Greater China Fund	Investors Pan Asian Equity Fund
Investors Greater China Class	Investors Pan Asian Equity Class
Alto Conservative Portfolio	Allegro Conservative Portfolio
Alto Moderate Conservative Portfolio	Allegro Moderate Conservative Portfolio
Alto Moderate Portfolio	Allegro Moderate Portfolio
Alto Moderate Aggressive Portfolio	Allegro Moderate Aggressive Portfolio
Alto Moderate Aggressive Canada Focus Portfolio	Allegro Moderate Aggressive Portfolio
Allegro Moderate Aggressive Canada Focus Portfolio	Allegro Moderate Aggressive Portfolio
Alto Aggressive Portfolio	Allegro Aggressive Portfolio
Alto Aggressive Canada Focus Portfolio	Allegro Aggressive Portfolio
Allegro Aggressive Canada Focus Portfolio	Allegro Aggressive Portfolio
Allegro Balanced Growth Canada Focus Portfolio Class	Allegro Balanced Growth Portfolio Class
Allegro Growth Canada Focus Portfolio Class	Allegro Growth Portfolio Class

Fee reductions

To ensure clients won’t experience any increase in fees as a result of the mergers, Investors Group will reduce fees on a number of continuing funds. As of June 1, several of the Allegro Portfolios and Allegro Portfolio Classes, below, will have annualized fee reductions of between 0.25 and 8.6 basis points, regardless of whether the mergers are approved.

Fund	Total fee reduction (basis points)	Types of fees affected
Allegro Aggressive Portfolio (all series)	8.6	Management fee Trustee fee Administration fee
Allegro Conservative Portfolio (all series)	1.8	Management fee
Allegro Moderate Aggressive Portfolio (all series)	2.7	Management fee Administration fee
Allegro Moderate Conservative Portfolio (all series)	4.3	Management fee
Allegro Moderate Portfolio (all series)	0.25	Trustee fee

Fund	Total fee reduction (basis points)	Types of fees affected
Allegro Balanced Growth Portfolio Class – Series U and Tu Allegro Balanced Growth Portfolio Class (all other series)	7.8 8.0	Management fee Administration fee Service fee
Allegro Balanced Portfolio Class (all series)	2.0	Management fee Administration fee
Allegro Growth Portfolio Class (all series)	1.0	Administration fee
Allegro Income Balanced Portfolio Class – Series U and Tu Allegro Income Balanced Portfolio Class (all other series)	4.7 5.0	Management fee Service fee

Proposed investment objective changes

Effective on or about the close of business on May 23, 2017, subject to all necessary approvals, Investors Group proposes to change the investment objectives and strategies for the funds listed below to incorporate a more flexible asset allocation capability.

Fund
Allegro Conservative Portfolio
Allegro Moderate Conservative Portfolio
Allegro Moderate Portfolio
Allegro Moderate Aggressive Portfolio
Allegro Aggressive Portfolio
Alto Monthly Income Portfolio
Alto Monthly Income & Growth Portfolio
Alto Monthly Income & Enhanced Growth Portfolio

Investment objective changes are also proposed for the classes listed below so that they may invest in their corresponding funds. This is expected to result in more efficient portfolio management and reduced trading costs in some instances. These changes are expected to be effective after the close of business on or about May 29, 2017, subject to all necessary approvals.

Class	Corresponding fund
Allegro Income Balanced Portfolio Class	Allegro Moderate Conservative Portfolio
Allegro Balanced Portfolio Class	Allegro Moderate Portfolio
Allegro Balanced Growth Portfolio Class	Allegro Moderate Aggressive Portfolio
Allegro Growth Portfolio Class	Allegro Aggressive Portfolio
IG Franklin Bissett Canadian Equity Class	IG Franklin Bissett Canadian Equity Fund
IG Mackenzie Ivy European Class	IG Mackenzie Ivy European Fund
Investors Pan Asian Equity Class	Investors Pan Asian Equity Fund