Z Series Introduction

NCM's innovative Z Series is the first flat management fee fund series in Canada. NCM eliminates the typical F Series percent management fee that a mutual fund typically charges and replaces it with an annual flat management fee.

Mutual funds typically charge a percentage management fee to the assets of the fund. The challenge with this model is that as the investment grows so does the management fee. NCM’s new Z Series solves this issue by simply charging an annual flat management fee of $1,000 per fund, per account.

In simple terms, the traditional Management Expense Ratio (MER) is replaced with a Fee Expense Ratio (FER).

Traditional Mutual Fund Pricing NCM's New Z Series
Management Fee + Fund Expenses = MER Flat Management Fee + Fund Expenses = FER

Conditions, including minimum holdings, apply to the availability of flat management fee pricing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.