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Invesco Canada announces fund name changes

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Invesco Canada announces fund name changes

Canada NewsWire

Also announces risk classification changes

TORONTO, July 27, 2018 /CNW/ - Invesco Canada today announced name changes to its lineup of mutual funds and institutional pooled funds. The investment objectives, strategies, and portfolio management teams remain the same for all but five funds, as detailed below.

The changes, which are effective at the close of business today, are outlined in the following tables:

Previous name

New name

Invesco Canadian Balanced Fund

Invesco Canadian Premier Balanced Fund

Invesco Advantage Bond Fund

Invesco Active Multi-Sector Credit Fund

Trimark Diversified Yield Class

Invesco Diversified Yield Class

Trimark Global Balanced Fund/Class

Invesco Global Balanced Fund/Class

Trimark Global Diversified Income Fund

Invesco Global Diversified Income Fund

Trimark Income Growth Fund

Invesco Income Growth Fund

Trimark Select Balanced Fund

Invesco Select Balanced Fund

Trimark Canadian Fund/Class

Invesco Canadian Fund/Class

Trimark Canadian Endeavour Fund

Invesco Canadian Endeavour Fund

Trimark Canadian Opportunity Fund/Class

Invesco Canadian Opportunity Fund/Class

Trimark Canadian Plus Dividend Class

Invesco Canadian Plus Dividend Class

Trimark Canadian Small Companies Fund

Invesco Canadian Small Companies Fund

Trimark Fund

Invesco Global Companies Fund

Trimark Global Dividend Class

Invesco Global Dividend Class

Trimark Global Endeavour Fund/Class

Invesco Global Endeavour Fund/Class

Trimark Global Small Companies Class

Invesco Global Small Companies Class

Trimark Global Fundamental Equity Fund/Class

Invesco Global Diversified Companies Fund/Class

Trimark Emerging Markets Class

Invesco Emerging Markets Class

Trimark Europlus Fund

Invesco Europlus Fund

Trimark International Companies Fund/Class

Invesco International Companies Fund/Class

Invesco Short-Term Bond Fund

Invesco Canadian Short-Term Bond Fund

Trimark Interest Fund

Invesco Canadian Interest Fund

Trimark U.S. Money Market Fund

Invesco U.S. Money Market Fund

Trimark Energy Class

Invesco Energy Class

Trimark Resources Fund

Invesco Resources Fund

Trimark U.S. Companies Fund/Class

Invesco U.S. Companies Fund/Class

Trimark U.S. Small Companies Class

Invesco U.S. Small Companies Class

 

PowerShares® Funds name changes:

Previous name

New name

PowerShares 1-5 Year Laddered
Corporate Bond Index Fund

Invesco 1-5 Year Laddered Corporate
Bond Index ETF Fund

PowerShares Real Return Bond
Index Fund

Invesco Canadian Real Return Bond
Index Fund

PowerShares High Yield Corporate
Bond Index Fund

Invesco U.S. High Yield Bond Index
Fund

PowerShares Tactical Bond Fund

Invesco Tactical Bond ETF Fund

PowerShares Canadian Dividend
Index Class

Invesco Canadian Dividend Index ETF
Class

PowerShares Canadian Preferred
Share Index Class

Invesco Canadian Preferred Share
Index ETF Class

PowerShares Global Dividend
Achievers Fund

Invesco Global Dividend Achievers
ETF Fund

PowerShares FTSE RAFI® Canadian
Fundamental Index Class

Invesco FTSE RAFI Canadian Index
ETF Class

PowerShares FTSE RAFI® Emerging
Markets Fundamental Class

Invesco FTSE RAFI Emerging Markets
ETF Class

PowerShares FTSE RAFI® Global+
Fundamental Fund

Invesco FTSE RAFI Global+ ETF Fund

PowerShares FTSE RAFI® U.S.
Fundamental Fund

Invesco FTSE RAFI U.S. ETF Fund

PowerShares Canadian Low
Volatility Index Class

Invesco S&P/TSX Composite Low
Volatility Index ETF Class

PowerShares U.S. Low Volatility
Index Fund

Invesco S&P 500 Low Volatility Index
ETF Fund

 

Institutional pool name changes

Previous name

New name

Invesco Select Global Equity Pool

Invesco Global Select Pool

Invesco Select Global Equity ex-Tobacco Pool

Invesco Global Select ex-Tobacco Pool

Invesco Select Global Small Companies Equity Pool

Invesco Global Small Companies Pool

Invesco Select Emerging Markets Equity Pool

Invesco Emerging Markets Select Pool

 

Risk rating changes

Invesco also announced changes to the risk rating for the following funds or series, effective today:

Fund

Current risk
classification

Revised risk
classification

Invesco Intactive Maximum Growth Portfolio

Medium

Low to Medium

Invesco Intactive Maximum Growth Portfolio Class

Medium

Low to Medium

Invesco Active Multi-Sector Credit Fund

Low to Medium

Low

Invesco FTSE RAFI Global+ ETF Fund

Medium

Medium to High

Invesco FTSE RAFI U.S. ETF Fund

Medium

Medium to High

Invesco Global Small Companies Class

Medium to High

Medium

Invesco U.S. Small Companies Class

Medium to High

Medium

Invesco U.S. Companies Class – Series H

Medium

Medium to High

 

The risk rating changes were made in accordance with the risk classification methodology introduced by the Canadian Securities Administrators to determine the risk level of mutual funds. There are no changes to the investment objectives, strategies or management of the funds other than the changes noted below.

Previously announced objective changes
On July 17, 2018, securityholders approved changes to the investment objectives of the following Funds:

  • Invesco Active Multi-Sector Credit Fund (formerly known as Invesco Advantage Bond Fund)
  • Invesco 1-5 Year Laddered Corporate Bond Index ETF Fund (formerly known as PowerShares 1-5 Year Laddered Corporate Bond Index Fund)
  • Invesco Canadian Dividend Index ETF Class (formerly known as PowerShares Canadian Dividend Index Class)
  • Invesco Canadian Preferred Share Index ETF Class (formerly known as PowerShares Canadian Preferred Share Index Class)
  • Invesco FTSE RAFI Canadian Index ETF Class (formerly known as PowerShares FTSE RAFI® Canadian Fundamental Index Class)

Changes to the investment objectives of Invesco Active Multi-Sector Credit Fund were made to allow for a global multi-sector approach. This will permit the Fund to better leverage the Invesco Fixed Income team's global depth and sector expertise.

Changes to the investment objectives of the other funds are expected to increase trading efficiency, as the portfolio management team can invest in the Invesco ETF that tracks each Fund's respective index, rather than buying and selling the underlying securities that make up each index.

For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.

About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. For mutual funds the indicated rates of return are the historical annual compounded total returns, including changes in share/unit value and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges, or income taxes payable by any investor, which would have reduced returns. For ETFs unless otherwise indicated, rates of return for periods greater than one year are historical annual compound total returns including changes in unit value and reinvestment of all distributions, and do not take into account any brokerage commissions or income taxes payable by any unitholder that would have reduced returns. Money market funds are not covered by the Canada Deposit Insurance Corporation (CDIC) or by any other government deposit insurer. There can be no assurances that the money market funds will be able to maintain their net asset value per security at a constant amount or that the full amount of your investment in the funds will be returned to you. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at invesco.ca.

† Invesco Fixed Income (IFI) is a unit comprising Invesco Senior Secured Management, Inc. of New York, U.S, Invesco Advisers, Inc. of Atlanta, U.S.; Invesco Asset Management Ltd. of London, U.K.; and Invesco Canada Ltd. of Toronto, Canada.

* Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares® and all associated trademarks are trademarks of Invesco Capital Management LLC used under licence. Trimark® and all associated trademarks are trademarks of Invesco Canada Ltd.

© Invesco Canada Ltd., 2018

SOURCE Invesco Canada Ltd.

View original content: http://www.newswire.ca/en/releases/archive/July2018/27/c6147.html

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