The AMC for class A shares of the IFSL Brooks Macdonald Oeic (the umbrella structure of the funds mentioned above) will be reduced to 0.75% along with the removal of its initial charge.
Brooks Macdonald said it was also changing the frequency of distributions for the defensive income fund from bi-annually to quarterly, with the first additional distribution made on 30 April.
The three risk-rated unitised funds are based on Brooks Macdonald’s Defensive Income, Lower Risk and Medium (Active) Risk discretionary portfolios.
Both existing and new investors can access the new charging structure.
Simon Wombwell, CEO of Brooks Macdonald Funds, said: “This clear and simple charging structure illustrates our commitment to existing investors, and offers new investors competitive and transparent charging, making our funds an attractive investment option for clients post RDR.”
“Following feedback from existing investors we took the decision to increase distribution payments for the Defensive Income Fund.”
