True Exposure Investments, Inc. lowers management fee for series F of the TruX Exogenous Risk Pool and refiles Management Report of Fund Performance and Fund Facts documents for 2023
10 Junio 2024 - 5:14PM
True Exposure Investments, Inc. (TruX) today announced the lowering
of the management fee on Series F of the TruX Exogenous Risk Pool
(Pool) from an annual rate of 0.70% of net assets to 0.65% of net
assets, effective June 10, 2024. Changes to the Pool’s simplified
prospectus have been filed to reflect this change. The amendment is
available on SEDAR+ and on the Pool’s website at
truxinvestments.com. No other changes were made to the simplified
prospectus of the Pool.
In addition, TruX today announced the refiling of the Management
Report of Fund Performance (MRFP) for TruX Exogenous Risk Pool
(Pool) for the period ended December 31, 2023, and the filing of
revised Fund Facts. The purpose of the filings is to correct an
inadvertent misstatement of the management expense ratio (MER) and
the trading expense ratio (TER) for the Pool for the following
period and series:
|
Series F MER |
Series F TER |
Series F Expenses |
Series N MER |
Series N TER |
Series NExpenses |
|
From: |
To: |
From: |
To: |
From: |
To: |
From: |
To: |
From: |
To: |
From: |
To: |
Dec. 31, 2023 |
3.00% |
|
1.08% |
|
0.05% |
|
1.56% |
|
3.05% |
|
2.64% |
|
2.16% |
|
0.64% |
|
0.05% |
|
1.56% |
|
2.21% |
|
2.20% |
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The misstatement was due to the calculation of the MER including
margin interest on the Pool’s investment portfolio incurred in
order to achieve the fund’s stated objectives for 2023.
TruX has restated the MRFP to exclude this interest from the MER
and to include this amount in the TER of the Pool. The MRFP and FFD
were amended to state that the interest related to this leverage is
included in the TER of the fund.
No other changes were made to the MRFP or Fund Facts for each
period. This change had no impact on the stated returns of the
Pool.
The revised MRFPs and Fund Facts will be available on the TruX
website at www.truxinvestments.com and on SEDAR+
at www.sedarplus.com. A copy of the revised Fund Facts for the
Fund will also be provided on request, at no cost, by contacting
TruX at contact@truxinvestments.com, or from an investor's dealer
or advisor. For further information regarding TruX and
the Pool, please visit www.truxinvestments.com.
Inukshuk Capital Management Inc. is the Portfolio Manager hired
by True Exposure Investments, Inc. to advise TruX Exogenous Risk
Pool.
Commissions, management fees, performance fees and expenses all
may be associated with investments in mutual funds. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be
repeated.
For further information contact James Fraser, CEO, True Exposure
Investments, Inc., at 844 844 8789 or
jfraser@truxinvestments.com.