Press Release

Guardian Capital Announces May 2021 Distributions for Guardian Capital ETFs

TORONTO, May 17, 2021 – Guardian Capital LP, the manager of the Guardian Capital Funds, announced today the following changes to the line-up of the Guardian Capital Funds, all of which are described in more detail below:

  • fund name changes;
  • new series offerings;
  • series name changes;
  • fee reductions for certain series; and
  • updated risk ratings.

The Guardian Capital Funds are available across Canada. For more information, please refer to the Guardian Capital Funds’ Simplified Prospectus dated April 30, 2021.

Fund Name Changes

Effective April 30, 2021, the three funds listed below changed their names in order to better reflect their investment focus. There are no changes to the investment objectives, strategies or management fees of these funds associated with the name changes.

Former Fund Name             New Fund Name        
Guardian Global Dividend Growth Fund Guardian i3 Global Dividend Growth Fund
Guardian Global Equity Fund Guardian i3 Global Quality Growth Fund
Guardian International Equity Fund Guardian i3 International Quality Growth Fund

 

New Series Offerings

The following funds will commence offering new series of units as indicated below on or about May 3, 2021:

Fund Series Management Fee
Guardian Emerging Markets Equity Fund Series F 0.85%
Guardian i3 Global Dividend Growth Fund
(formerly, Guardian Global Dividend Growth Fund)		 Series WF 0.50%
Guardian i3 Global Quality Growth Fund
(formerly, Guardian Global Equity Fund)		 Series A

Series F

 1.65%

0.65%
Guardian i3 International Quality Growth Fund
(formerly, Guardian International Equity Fund)		 Series A

Series F

 1.65%

0.65%
Guardian Investment Grade Corporate Bond Fund Series A

Series F

 0.90%

0.40%
Guardian Short Duration Bond Fund Series F 0.30%
Guardian U.S. Equity Fund Series A

Series F

 1.55%

0.55%

Series A Units are available to all investors through authorized dealers. Series F Units and WF Units are available to investors who have fee-based accounts through their dealers and whose dealers have signed agreements with Guardian. All series are subject to minimum investment requirements, as set forth in the Guardian Capital Funds’ Simplified Prospectus.

Change of names of certain Series W Units

Effective April 30, 2021, the series of units of each of the funds listed below that were formerly referred to as Series W changed their names to Series A:

  • Guardian Canadian Bond Fund
  • Guardian Canadian Focused Equity Fund
  • Guardian Emerging Markets Equity Fund
  • Guardian Short Duration Bond Fund
  • Guardian Directed Equity Path Portfolio
  • Guardian Directed Premium Yield Portfolio

 

Fee Reductions

Effective April 30, 2021, the management fee of the Series A (formerly, Series W) units of the funds listed below were reduced, as follows:

Fund Former Management Fee Reduced Management Fee
Guardian Canadian Bond Fund 1.00% 0.80%
Guardian Emerging Markets Equity Fund 1.95% 1.85%
Guardian Short Duration Bond Fund 1.00% 0.80%

 

Updated Risk Rating of certain Guardian Funds

Effective immediately, the risk rating for Guardian Emerging Markets Equity Fund changed from High to Medium-to-High and the risk rating for Guardian i3 Global Dividend Growth Fund (formerly, Guardian Global Dividend Growth Fund) changed from Medium to Low-to-Medium. These changes are in accordance with the Risk Classification Methodology mandated by the Canadian Securities Administrators (CSA). There are no changes to the investment objectives or strategies of these funds.

 

About Guardian Capital LP

Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital LP is a wholly owned subsidiary of Guardian Capital Group Limited and the successor to its original investment management business, which was founded in 1962. For further information on Guardian Capital LP, please call 416-350-8899 or visit www.guardiancapital.com.

About Guardian Capital Group Limited

Guardian Capital Group Limited (Guardian) is a diversified, global financial services company operating in two main business segments: Asset Management and Wealth Management. As at March 31, 2021, Guardian had C$48 billion of assets under management and C$29 billion of assets under administration. Guardian provides extensive institutional and private wealth financial solutions to clients, while offering comprehensive wealth management services to financial advisors in its national mutual fund dealer, securities dealer and insurance distribution network. It also maintains and manages a proprietary investment portfolio with a fair market value of C$654 million at March 31, 2021. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of trustworthiness, integrity and stability have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.

For further information, please contact Guardian Capital at 416-350-8899 or visit www.guardiancapital.com.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase Guardian Capital ETFs and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.