Comprising the Miton, Acuim and Midas brands, the 1% non-trail ‘N’ share class will cover the group’s entire range of Ucits funds.
Institutional share classes are also being added to the Midas Balanced Growth and Midas Balanced Income Funds, alongside the removal of the blanket dilution levy currently in place on these two funds.
MAM said this meant the existing retail share class would continue for legacy business, while the new non-trail and institutional share classes would be available for use with platforms post-RDR as well as for direct business.
Neil Bridge, head of business development at MAM Funds, said: "These are important changes as we prepare for the introduction of the RDR, and provide investors and distributors with new options to access our funds post-RDR implementation.
"We have also taken the opportunity with the introduction of the new share classes to add an institutional share class to both our Midas funds and remove the blanket dilution levy from these funds to ensure consistency across the MAM fund range."
Meanwhile, the Miton Arcturus (non-Ucits) Fund will have a lower 0.75% AMC, but will continue to have a performance fee in place.
