Staff
Standard Life Mutual Funds Ltd. has proposed changes to the investment objectives of five of its funds: Standard Life Global Monthly Income Fund, Standard Life Canadian Dividend Growth Fund, Standard Life Canadian Dividend Growth Class, Standard Life Dividend Income Fund and Standard Life Canadian Small Cap Fund.
The proposed changes are as follows:
Standard Life Global Monthly Income Fund
- Reword the fund’s investment objective to focus on long-term capital growth as well as generating income.
- Change the name of the fund to Standard Life Tactical Income Fund.
Standard Life Canadian Dividend Growth Fund
- Clarify the fund’s investment objective to allow for more flexibility with regard to investing in non-Canadian securities.
Standard Life Canadian Dividend Growth Class
- The fund currently invests up to 100% of its assets in Standard Life Canadian Dividend Growth Fund. Change the fund’s investment objective for the same reason as the change proposed for Standard Life Canadian Dividend Growth Fund.
Standard Life Dividend Income Fund
- Broaden the fund’s investment objective to allow for more flexibility with regard to investing in fixed-income securities.
Standard Life Canadian Small Cap Fund
- Change the fund’s investment objective to delete the fixed market capitalization limits in order to provide the portfolio manager with more flexibility when investing in small capitalization companies.
If approved, the new investment objectives and the name change will be effective around June 15, 2011.