Conventional Mutual Funds

Investors can redeem conventional mutual funds at any time for their proportionate interest of the fund’s net assets. Because conventional mutual funds do not trade on an exchange, the only way an investor can get their money out of the conventional mutual fund is by redeeming their investment in the fund.

A conventional mutual fund’s operations are subject to:

  • National Instrument 81-102 Investment Funds: Details important investment restrictions and other requirements regarding the creation of new funds, conflicts of interest, securityholder voting rights and meetings, custody of assets, incentive fees, subscriptions and redemptions, and sales communications.
  • National Instrument 81-106 Investment Fund Continuous Disclosure: Outlines requirements regarding the on-going calculation of a fund’s net asset value.
  • National Instrument 81-107 Independent Review Committee for Investment Funds: Requires investment funds to appoint an independent review committee that is responsible for reviewing the fund manager’s conflicts of interest.
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