Notice of Reliance on Exemptive Relief and Extension of Lapse Date for Prospectus Renewal Due to COVID-19 Disruptions
Renewing a fund’s prospectus is an annual requirement. As explained in greater detail below, the renewed prospectus for any of the funds listed in Exhibit “A” will be made available in mid-September, with a renewal date of August 28, 2020 (instead of June 30, 2020).
You can access these and other IG Wealth Management fund prospectuses on our website at ig.ca/en/investments/solutions.
The IG Wealth Management Funds listed in the attached Exhibit “A”, relying on Order No. 7515 of the Manitoba Securities Commission dated April 15, 2020 (the “Order”), will delay certain filings and deliveries required by securities regulatory rules for up to an additional 60 days due to the disruptions caused by COVID-19.
Securities rules require an investment fund to file and obtain a receipt for a new prospectus, in accordance with certain timelines, in order to continue distribution of the investment fund’s securities for a further 12 months after the lapse date of the fund’s current prospectus. The original lapse date of the Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” was June 30, 2020.
The IG Wealth Management Funds will also rely on the Order to delay the filings of annual financial statements and audit’s report, annual management reports on fund performance and certain other filings, as described in more detail below.
All of the funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(a) section 2.2 of National Instrument 81-106 - Investment Fund Continuous Disclosure (“NI 81-106”), which requires that annual financial statements and an auditor’s report be filed on or before the 90th day after the investment fund’s most recently completed financial year;
(b) section 4.2 of NI 81-106, which requires an investment fund, other than a scholarship plan, to file an annual management report of fund performance for each financial year at the same time that it files its annual financial statements for that financial period;
(c) section 5.1(2) of NI 81-106, which requires an investment fund to deliver to a securityholder its annual financial statements and the related management report on fund performance concurrently with the filing deadline set out in Part 2 of NI 81-106;
(d) section 5.4 of NI 81-106, which requires an investment fund to send a copy of the document listed in subsection 5.1(2) of NI 81-106 requested by a securityholder by the later of the filing deadline of the requested document and 10 calendar days after the request;
(e) section 4.4 of National Instrument 81-107 - Independent Review Committee for Investment Funds, which requires an independent review committee to prepare, for each financial year of an investment fund and no later than the date the investment fund files its annual financial statements, a report to securityholders of the investment fund that describes the independent review committee and its activities for the financial year; and
(f) section 6.2 of NI 81-107, which requires an investment fund to file, by no later than the time of its annual financial statements, with the securities regulatory authority, the particulars of an investment in securities of a related issuer.
The Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(g) the provisions of National Instrument 81-101 - Mutual Fund Prospectus Disclosure and the securities legislation of Manitoba, which outline the prospectus renewal requirements and lapse dates for a simplified prospectus.
The Non-Retail Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(h) section 9.3 of NI 81-106, which requires an investment fund to file an annual information form on or before 90 days after the most recently completed financial year.
Renewing a fund’s prospectus is an annual requirement. As explained in greater detail below, the renewed prospectus for any of the funds listed in Exhibit “A” will be made available in mid-September, with a renewal date of August 28, 2020 (instead of June 30, 2020).
You can access these and other IG Wealth Management fund prospectuses on our website at ig.ca/en/investments/solutions.
The IG Wealth Management Funds listed in the attached Exhibit “A”, relying on Order No. 7515 of the Manitoba Securities Commission dated April 15, 2020 (the “Order”), will delay certain filings and deliveries required by securities regulatory rules for up to an additional 60 days due to the disruptions caused by COVID-19.
Securities rules require an investment fund to file and obtain a receipt for a new prospectus, in accordance with certain timelines, in order to continue distribution of the investment fund’s securities for a further 12 months after the lapse date of the fund’s current prospectus. The original lapse date of the Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” was June 30, 2020.
The IG Wealth Management Funds will also rely on the Order to delay the filings of annual financial statements and audit’s report, annual management reports on fund performance and certain other filings, as described in more detail below.
All of the funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(a) section 2.2 of National Instrument 81-106 - Investment Fund Continuous Disclosure (“NI 81-106”), which requires that annual financial statements and an auditor’s report be filed on or before the 90th day after the investment fund’s most recently completed financial year;
(b) section 4.2 of NI 81-106, which requires an investment fund, other than a scholarship plan, to file an annual management report of fund performance for each financial year at the same time that it files its annual financial statements for that financial period;
(c) section 5.1(2) of NI 81-106, which requires an investment fund to deliver to a securityholder its annual financial statements and the related management report on fund performance concurrently with the filing deadline set out in Part 2 of NI 81-106;
(d) section 5.4 of NI 81-106, which requires an investment fund to send a copy of the document listed in subsection 5.1(2) of NI 81-106 requested by a securityholder by the later of the filing deadline of the requested document and 10 calendar days after the request;
(e) section 4.4 of National Instrument 81-107 - Independent Review Committee for Investment Funds, which requires an independent review committee to prepare, for each financial year of an investment fund and no later than the date the investment fund files its annual financial statements, a report to securityholders of the investment fund that describes the independent review committee and its activities for the financial year; and
(f) section 6.2 of NI 81-107, which requires an investment fund to file, by no later than the time of its annual financial statements, with the securities regulatory authority, the particulars of an investment in securities of a related issuer.
The Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(g) the provisions of National Instrument 81-101 - Mutual Fund Prospectus Disclosure and the securities legislation of Manitoba, which outline the prospectus renewal requirements and lapse dates for a simplified prospectus.
The Non-Retail Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:
(h) section 9.3 of NI 81-106, which requires an investment fund to file an annual information form on or before 90 days after the most recently completed financial year.
Exhibit “A”
RETAIL UNIT TRUST FUNDS
- IG Beutel Goodman Canadian Balanced Fund
- IG Beutel Goodman Canadian Equity Fund
- IG Beutel Goodman Canadian Small Cap Fund
- IG BlackRock International Equity Fund
- IG CI Canadian Balanced Fund
- IG Core Portfolio – Balanced
- IG Core Portfolio – Balanced Growth
- IG Core Portfolio – Global Income
- IG Core Portfolio – Growth
- IG Core Portfolio – Income
- IG Core Portfolio – Income Balanced
- IG Core Portfolio – Income Focus
- IG FI Canadian Equity Fund
- IG Franklin Bissett Canadian Equity Fund
- IG Irish Life Low Volatility Global Equity Fund
- IG JPMorgan Emerging Markets Fund
- IG Mackenzie Canadian Corporate Bond Fund
- IG Mackenzie Canadian Equity Income Fund
- IG Mackenzie Canadian High Yield Income Fund
- IG Mackenzie Canadian Money Market Fund
- IG Mackenzie Canadian Small/Mid Cap Fund
- IG Mackenzie Canadian Small/Mid Cap Fund II (formerly IG Fiera Canadian Small Cap Fund)
- IG Mackenzie Core U.S. Equity Fund
- IG Mackenzie Dividend Fund
- IG Mackenzie Dividend Growth Fund
- IG Mackenzie European Equity Fund
- IG Mackenzie European Mid-Cap Equity Fund
- IG Mackenzie Floating Rate Income Fund
- IG Mackenzie Global Bond Fund
- IG Mackenzie Global Dividend Fund
- IG Mackenzie Global Financial Services Fund
- IG Mackenzie Global Fund
- IG Mackenzie Global Fund II (formerly IG AGF Global Equity Fund)
- IG Mackenzie Global Natural Resources Fund
- IG Mackenzie Global Science & Technology Fund
- IG Mackenzie Income Fund
- IG Mackenzie International Small Cap Fund
- IG Mackenzie Ivy European Fund
- IG Mackenzie Low Volatility Canadian Equity Fund
- IG Mackenzie Mortgage and Short Term Income Fund
- IG Mackenzie Mutual of Canada
- IG Mackenzie North American Equity Fund
- IG Mackenzie Pacific International Fund
- IG Mackenzie Pan Asian Equity Fund
- IG Mackenzie Quebec Enterprise Fund
- IG Mackenzie Strategic Income Fund
- IG Mackenzie Summa SRI Fund
- IG Mackenzie U.S. Dividend Registered Fund
- IG Mackenzie U.S. Money Market Fund
- IG Mackenzie U.S. Opportunities Fund
- IG Managed Payout Portfolio
- IG Managed Payout Portfolio with Enhanced Growth
- IG Managed Payout Portfolio with Growth
- IG Managed Risk Portfolio – Balanced
- IG Managed Risk Portfolio – Growth Focus
- IG Managed Risk Portfolio – Income Balanced
- IG Managed Risk Portfolio – Income Focus
- IG PIMCO Global Bond Fund
- IG Putnam U.S. Growth Fund
- IG Putnam U.S. Growth Fund II (formerly IG AGF U.S. Growth Fund)
- IG Putnam U.S. High Yield Income Fund
- IG T. Rowe Price U.S. Large Cap Equity Fund
- Investors Cornerstone Portfolio
- Investors Growth Plus Portfolio
- Investors Growth Portfolio
- Investors Income Plus Portfolio
- Investors Real Property Fund
- Investors Retirement Growth Portfolio
- Investors Retirement Plus Portfolio
iPROFILE FUNDS
- iProfile™ Canadian Equity Private Class*
- iProfile™ Canadian Equity Private Pool
- iProfile™ Emerging Markets Private Class*
- iProfile™ Emerging Markets Private Pool
- iProfile™ Fixed Income Private Pool
- iProfile™ International Equity Private Class *
- iProfile™ International Equity Private Pool
- iProfile™ U.S. Equity Private Class *
- iProfile™ U.S. Equity Private Pool
* Corporate Class Fund
CORPORATE CLASS FUNDS
- IG Aristotle U.S. Small Cap Class
- IG Beutel Goodman Canadian Equity Class
- IG Core Portfolio Class - Balanced
- IG Core Portfolio Class - Balanced Growth
- IG Core Portfolio Class - Balanced Growth II
- IG Core Portfolio Class - Growth
- IG Core Portfolio Class - Growth II
- IG Core Portfolio Class - Income Balanced
- IG FI Canadian Equity Class
- IG Franklin Bissett Canadian Equity Class
- IG Franklin Bissett Canadian Equity Class II
- IG Irish Life Low Volatility Global Equity Class
- IG JPMorgan Emerging Markets Class
- IG Mackenzie Canadian Money Market Class
- IG Mackenzie Canadian Small/Mid Cap Class
- IG Mackenzie Canadian Small/Mid Cap Class II
- IG Mackenzie Canadian Small/Mid Cap Class III (formerly IG Fiera Canadian Small Cap Class)
- IG Mackenzie Core U.S. Equity Class
- IG Mackenzie Core U.S. Equity Class II
- IG Mackenzie Core U.S. Equity Class III
- IG Mackenzie Dividend Class
- IG Mackenzie European Equity Class
- IG Mackenzie European Mid-Cap Equity Class
- IG Mackenzie Global Class
- IG Mackenzie Global Class II
- IG Mackenzie Global Class III (formerly IG AGF Global Equity Class)
- IG Mackenzie Global Consumer Companies Class
- IG Mackenzie Global Financial Services Class
- IG Mackenzie Global Health Care Class
- IG Mackenzie Global Infrastructure Class
- IG Mackenzie Global Natural Resource Class
- IG Mackenzie Global Precious Metals Class
- IG Mackenzie Global Science & Technology Class
- IG Mackenzie International Small Cap Class
- IG Mackenzie Ivy European Class
- IG Mackenzie Ivy European Class II
- IG Mackenzie Ivy European Class III
- IG Mackenzie Ivy Foreign Equity Class
- IG Mackenzie Low Volatility Canadian Equity Class
- IG Mackenzie North American Equity Class
- IG Mackenzie North American Equity Class II
- IG Mackenzie North American Equity Class III
- IG Mackenzie North American Equity Class IV
- IG Mackenzie North American Equity Class V
- IG Mackenzie Pacific International Class
- IG Mackenzie Pan Asian Equity Class
- IG Mackenzie Pan Asian Equity Class II
- IG Mackenzie Quebec Enterprise Class
- IG Mackenzie Summa SRI Class
- IG Mackenzie U.S. Opportunities Class
- IG Managed Risk Portfolio Class - Balanced
- IG Managed Risk Portfolio Class - Growth Focus
- IG Managed Risk Portfolio Class - Income Balanced
- IG Putnam U.S. Growth Class
- IG Putnam U.S. Growth Class II (formerly IG AGF U.S. Growth Class)
- IG T. Rowe Price U.S. Large Cap Equity Class
NON-RETAIL FUNDS
- Aristotle – IG U.S. Small Cap Equity Pool
- BlackRock – IG Active Allocation Pool I
- BlackRock – IG Active Allocation Pool II
- BlackRock – IG Active Allocation Pool III
- BlackRock – IG International Equity Pool
- China AMC – IG China Equity Pool
- Fidelity – IG Canadian Equity Pool
- Irish Life – IG Low Volatility Global Equity Pool
- JPMorgan – IG Emerging Markets Pool
- Mackenzie – IG Canadian Bond Pool
- Mackenzie – IG Canadian Equity Pool
- Mackenzie – IG Equity Pool
- Mackenzie – IG Global Inflation-Linked Pool
- Mackenzie – IG Income Pool
- Mackenzie – IG International Equity Pool
- Mackenzie – IG Low Volatility Canadian Equity Pool
- Mackenzie – IG Low Volatility Emerging Markets Equity Pool
- Mackenzie – IG Low Volatility U.S. Equity Pool
- Mackenzie – IG U.S. Equity Pool
- PIMCO – IG Global Bond Pool
- Putnam – IG High Yield Income Pool
- Rowe Price – IG U.S. Equity Pool