Calgary, Alberta–(Newsfile Corp. – May 20, 2022) – NCM Asset Management Ltd. (“NCM“), the manager of a strategically focused group of public mutual funds, alternative investment funds, and related products and services, announced a fund name change for NCM Norrep Fund and an increase to the risk ratings of NCM Core Global and NCM Growth & Income Portfolio.
The changes to the risk ratings are the result of an annual review and not the result of any changes to the investment objectives, strategies or management of the funds. A summary of the standardized Risk Classification Methodology mandated by the Canadian Securities Administrators (“CSA“) and the investment objectives and strategies of each fund can be found in the fund’s prospectus dated May 20, 2022.
Fund Name Change
The new fund name will provide greater transparency and is more reflective of the fund’s mandate.
| Current Name | New Name |
| NCM Norrep Fund | NCM Dividend Champions |
Series Name Change
The following change is effective on or about May 20, 2022 for the NCM Funds. The change is series name will not impact the existing fee and investment objectives associated with the funds.
| Current series name | New series name |
| R | O |
Risk Rating Change
NCM will increase the fund’s risk rating as outlined below effective on or about May 20, 2022.
| Current Risk Rating | New Risk Rating | |
| NCM Core Global | Low to Medium | Medium |
| NCM Growth & Income Portfolio | Low | Low to Medium |
Risk Classification Methodology
The methodology used to determine the risk rating of the fund is based on the CSA’s Risk Classification methodology. In accordance with the standardized Risk Classification Methodology mandated by the CSA, NCM reviews risk ratings annually, at a minimum, as well as when a fund undergoes a material change.
About NCM – NCM Asset Management Ltd.
For over 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With a family of actively managed funds, NCM has earned multiple awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third party distribution channel. (www.ncminvestments.com)
For further information or assistance, please contact:
NCM – NCM Asset Management Ltd.
Dealer & Client Services
Attention: Brad Dimitroff
Toll Free: 1-877-431-1407
Dome Tower – Suite 1850, 333 – 7th Avenue S.W., Calgary, AB T2P 2Z1
Email: info@ncminvestments.com | Website: www.ncminvestments.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124863
