Other Fees and Expenses

The following are other fees that you should be aware of:  

• Loads  A load is another name for a sales commission.  A front-end load is a commission charged when you buy a fund, while a back-end load is charged when you sell a fund.  Sales commissions are not charged on no load funds. 

• Early Withdrawal Fee Frequent trading by short-term investors increases the funds' costs.  To offset the costs of short-term trading and to ensure that long-term investors do not bear these costs, all funds except the Money Market and Income Funds will assess an early withdrawal fee of 2% on redemption proceeds (including the exchange of units to other funds) attributable to units purchased and held for less than 30 days.
  To benefit the unitholders of these funds, the early withdrawal fee is paid directly to the funds.  The early withdrawal fee does not apply to the redemption of units acquired through reinvestment of distributions.  For the purposes of calculating the early withdrawal fee, units will be treated as redeemed on a "first-in first-out" basis. 

• NSF Fee We charge an NSF fee for each deposit cheque or Altamira Moneyline order returned due to insufficient funds in your bank account.  A charge of $15 is levied for each returned item. 

• Account Closing Fee Registered Plan Closure: $100 + GST

• *Note that if you purchase from a registered dealer other than Altamira, you may be charged a commission fee.  This is a separate agreement between you and the dealer.