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Bridgehouse Asset Managers Announce Changes to Investment Fund Lineup, The Canadian Business Journal

TORONTO, November 16, 2022 (GLOBE NEWSWIRE) — Bridgehouse Asset Managers (Bridgehouse), the retail trade name of Brandes Investment Partners & Co., today merged the following funds, effective on or around January 27, 2023: announced a proposal to To obtain all necessary securityholder and regulatory approvals:

withdrawal of funds Continuation fund
Morningstar Strategic Canadian Equity Fund Shionna Canadian Equity Fund
Morningstar Conservative Portfolio Morningstar Balance Portfolio
Morningstar Moderate Portfolio
Morningstar Growth Portfolio

Bridgehouse also proposed a new investment objective for the Morningstar Balanced Portfolio and changed the Fund’s Portfolio Sub-Advisor to T. Rowe Price (Canada), Inc. (T. Rowe Price). In conjunction with this change, the investment strategy of the Morningstar Balanced Portfolio was changed to better reflect the approach utilized by T. Rowe Price in managing his multi-asset portfolio, and the name of the fund was changed to his T. Changed to Low Price Global Allocation Fund. Each change will become effective around January 27, 2023.

Proposed fund merger

Bridgehouse has decided to conduct the proposed merger of the terminated fund into the continuing fund because of the scale benefits expected to be achieved to investors by merging the terminated fund with the continuing fund. .

Approval from the Terminating Fund and Morningstar Balance Portfolio securityholders will be sought at a special meeting to be held on or about January 24, 2023. A management information circular that will be sent or made available to security holders of record on December 12, 2022. Meeting notices and business circulars are also available on SEDAR at sedar.com.

If the proposed merger is approved, the merger is expected to take effect on or about January 27, 2023. Holders of each series of securities in the Ending Fund will receive an equivalent series of securities in the Continuing Fund. The termination fund will be liquidated as soon as possible after the merger. An independent review board of the above funds will review potential conflict of interest issues related to the proposed merger and determine fair and reasonable consequences for the funds if the merger is executed.

In anticipation of the proposed merger, the Termination Fund will be closed to new purchases, with the exception of pre-approved debit plan purchases, at the close of business on November 25, 2022.

Change in proposed investment objective

Bridgehouse is proposing a new investment objective for the Morningstar Balanced Portfolio at a special investor meeting to be held on or around January 24, 2023. -Capital appreciation and income from investments in a broadly diversified global portfolio, including global equities, fixed income, short-term securities and alternative investments. If approved, the change in investment objective is expected to take place around January 27, 2023.

Morningstar Balance Portfolio Changes

Effective January 27, 2023, Morningstar Balanced Portfolio will be renamed T. Rowe Price Global Allocation Fund, Portfolio Sub-Advisor will change to T. Rowe Price, and the Fund’s investment strategy will be utilized by T. Rowe Price Modified to reflect your approach. Low prices in managing multi-asset portfolios.

About Bridgehouse Asset Manager:
Bridgehouse Asset Managers is a portfolio of investment managers with deep institutional roots including Allspring Global Investments, LLC, Brandes Investment Partners, LP, GQG Partners, LLC, Lazard Asset Management (Canada), Inc. and Sionna Investment Managers Inc. An independent platform for your product. Through our financial advisors, we aim to help Canadians build long-term wealth following sound investment principles. Bridgehouse develops products and value-added tools and CE-certified training to help advisors strengthen client relationships and maximize the benefits of their financial advisory relationships. Our ultimate goal is to help investors make informed decisions and achieve their long-term financial goals.

For more information about Bridgehouse, visit bridgehousecanada.com and follow us on LinkedIn.

Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers (Bridgehouse), is the manager of Bridgehouse Funds. Securities of BridgeHouse Funds are available only through registered dealers and are not available through BridgeHouse. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund returns are not guaranteed, values ​​change frequently and historical performance may not be replicated.

News releases are for informational purposes only.

media contact
Samantha Hill
AVP, Sales and Marketing
Bridgehouse Asset Manager
416-306-5723
[email protected]


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Bridgehouse Asset Managers Announce Changes to Investment Fund Lineup, The Canadian Business Journal

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