Management Fees

At Professionals’ Financial, participants do not pay any commission, acquisition fee, back-end load or any other charge when investing in the Funds, selling Funds or switching units between Funds. Unitholders are subject to indirect fees that are paid by the Fund in which they invest. Such fees are described below. The Funds are no load.

The following table lists the fees and expenses that you may have to pay if you invest in the Funds. You may have to pay some of these fees and expenses directly. The Funds may have to pay some of these fees and expenses, which will therefore reduce the value of your investment in the Funds.
  

Management Fees (annualized)

Balanced Fund
Balanced Growth Fund
Retirement Balanced Fund
Bond Fund
Cash Management Fund
Short Term Fixed Income Fund
Global Fixed Income Fund
Canadian Equity Fund
Canadian Dividend Fund
American Dividend Fund
Global Equity Fund
American Index Fund
European Equity Fund
Asian Equity Fund
Emerging Markets Equity Fund

0.95% of the Fund's net asset value
1.00% of the Fund's net asset value
0.95% of the Fund's net asset value
0.95% of the Fund's net asset value
0.30% of the Fund's net asset value
0.85% of the Fund's net asset value
1.25% of the Fund's net asset value
0.95% of the Fund's net asset value
0.95% of the Fund's net asset value
0.95% of the Fund's net asset value
1.25% of the Fund's net asset value
0.80% of the Fund's net asset value
1.25% of the Fund's net asset value
1.15% of the Fund's net asset value
1.25% of the Fund's net asset value

Operating Expenses

The A series of each Fund is responsible for reasonable fees and expenses relating to their general organization, management and maintaining eligibility of units for public investment which includes, without limitation, all or its share as a series of the registration fees, trustees’ fees, recordkeeping, professional fees for auditing services and such, regulatory authority or other reporting, fees relating to the simplified prospectus and annual information form, administration fees, brokerage fees and taxes as well as fees and expenses relating to the compensation and expenses of the IRC members. As of the date of this simplified prospectus, each IRC member is paid annual fees of $5,000 ($7,500 for the Chairman) and directors’ fees of $1,000. These fees are prorated according to the net asset value of each Fund.


 
Fees and Expenses Payable by the Participant
Acquisition Fees None
Switch Fees None
Redemption Fees None
Short-term Transaction Fees None
Registered Tax Plan Fees No fees for RRSPs, LIRAs, federal LRSPs, RRIFs, LIFs, RESPs, TFSAs or new plans introduced by the Fund Manager. Other fees may apply if a new plan is launched through an external supplier.
Transfer Fees A fee of $125 (plus taxes where applicable) is charged on transfers of a registered plan to another financial institution.
Other Fees Periodic investment or withdrawal plan: None

Automatic reinvestment of distributions: None

Personal tax planning: Certain predetermined fees may apply, particularly to services such as financial and estate planning and will preparation. They are applicable when a participant requires these additional services.