Our fees are lower
To get the Fund Report, please click on the fund name in the table below.
| Fund | Our MERs1 | Industry Fees2 | Fee Savings |
|---|---|---|---|
| Educators Money Market Fund | 0.59% | 0.73% | 0.14% |
| Educators Mortgage & Income Fund | 1.20% | 1.45% | 0.25% |
| Educators Growth Fund | 1.90% | 2.45% | 0.55% |
| Educators Balanced Fund | 1.90% | 2.44% | 0.54% |
| Educators Diversified Fund | 1.90% | 2.45% | 0.55% |
| Educators Dividend Fund | 1.74% | 2.23% | 0.49% |
| Educators Bond Fund | 1.24%* | 1.68% | 0.44% |
| Educators Monthly Income Fund | 1.30%* | 2.44% | 1.14% |
1 As at June 30, 2011.
2 Source: Fundata, October 2011, based on the median of management and administration costs (or MER) for comparable funds.
*Estimated
No hidden administration fees
Unlike many other financial institutions, Educators Financial Group does not charge administration costs against our funds for regulatory filing fees, record keeping, accounting, etc.
The only additional costs charged to the funds are the fees and expenses of the Independent Review Committee and brokerage costs which are regulatory requirements.
Registered Account Transfer Fees
Educators Financial Group charges a $125 fee plus HST for the full transfer of holdings in a registered account (excluding RESPs) to another financial institution. It’s common industry practice for the receiving financial institution to cover this fee.
Although many financial organizations also charge fees for partial transfers, redemptions and switching from one investment vehicle to another, we’ll continue to provide these services at no cost to our clients.
It’s just another way educators will find the solutions they need, and the value they deserve.
