Commitment to low fees | Capital Group - Canada

Lower fees. Premium research.

As a privately owned company, Capital Group strives to share economies of scale with investors and keep fees as low as possible while offering premium global research. Over time, small differences in fees can have a bigger impact on returns.

Reduced MERs for Capital Group Funds (Canada)

Series F, F4, FH MERs

In June 2017, we reduced administration fees for Series F and F4. In 2019, Global Balanced assets hit $1 billion, causing its administration fee to drop by 3 basis points, and World Bond assets recently surpassed $500 million, causing its administration fee to drop 6 basis points in 2020.

Reduced MERs for Capital Group Funds (Canada)

Series A, T4, AH MERs

In October 2018, we reduced administration fees for Series A, T4 and AH. In 2019, Global Balanced assets hit $1 billion, causing its administration fee to drop by 3 basis points, and World Bond assets recently surpassed $500 million, causing its administration fee to drop 6 basis points in 2020.

An example of our commitment to low fees

Capital Group Global Equity FundTM (Canada) offers an example of our longstanding commitment to sharing economies of scale with investors. As the fund has grown since its November 2002 inception, its Series F MER1 has fallen about 28%, from 1.16% to 0.83% (as of June 30, 2020).

“The fund’s
competitive price
tag lowers the
hurdle for future

Morningstar Canada‘s
review of Capital Group
Global Equity Fund
(Canada), December 12,


What’s in a mutual fund MER?

Management expense ratios (MERs) have three components:

Premium global research

The management fee, in particular, provides access to Capital Group's premium global research:


Portfolio managers averaging 28 years of experience


Investment analysts averaging 15 years of experience


Countries of origin, 45 languages spoken

Figures for the year ending December 31, 2019.


Countries visited


Company visits/meetings


Pieces of proprietary research

“No investment organization in the world has ever done so well for so long for
so many clients as The Capital Group Companies.”

— Charles Ellis, Capital: The Story of Long-Term Investment Excellence (John Wiley & Sons, Inc., 2004).
Ellis chaired the Yale University Investment Committee from 1997 to 2008 and served as a director of
The Vanguard Group from 2001 to 2009.





Related Materials

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Our commitment to low fees

Series A version | Series F version

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

1 Capital Group, at its discretion, currently waives some of its management fees or absorbs some expenses of certain Capital Group funds. Such waivers and absorptions may be terminated at any time, but can be expected to continue for certain portfolios until such time as such funds are of sufficient size to reasonably absorb all management fees and expenses incurred in their operations.

The management expense ratios for the portfolios are based on unaudited total expenses for the six months ended June 30, 2020, and are expressed as an annualized percentage of daily average net assets during the period. Actual MERs may vary. The following lists the management expense ratio for the following Capital Group Funds (Canada) before waivers or absorptions for the six months ended June 30, 2020: Capital Group Canadian Focused Equity Fund (Canada) — Series F, 0.92%; Series A, 2.04%; Capital Group Global Equity Fund (Canada) — Series F/F4, 0.83%/0.84%; Series A/T4, 1.93%/1.94%; Capital Group International Equity Fund (Canada) — Series F, 1.03%; Series A, 2.14%; Capital Group U.S. Equity Fund (Canada) — Series F, 0.87%; Series A, 1.96%; Capital Group Capital Income Builder (Canada) — Series F/FH, 1.00%/1.10%, Series A/AH, 2.12%/2.25%; Capital Group Emerging Markets Total Opportunities Fund (Canada) — Series F/F4, 1.19%/1.75%; Series A/T4, 2.29%/4.79%; Capital Group Global Balanced Fund (Canada) — Series F/F4, 0.85%/0.85%; Series A/T4, 1.94%/1.97%; Capital Group Monthly Income Portfolio (Canada) — Series F/F4, 1.32%/1.38%; Series A/T4, 2.49%/2.51%; Capital Group Canadian Core Plus Fixed Income Fund (Canada) — Series F, 0.66%; Series A, 1.20%; Capital Group World Bond Fund (Canada) — Series F/FH, 0.84%/0.90%, Series A/AH, 1.38%/1.40%.

2 Series F4 of Capital Group Global Equity Fund (Canada) and Capital Group Emerging Markets Total Opportunities Fund (Canada) commenced operations on July 31, 2017. Series F and FH of Capital Group World Bond Fund (Canada) commenced operations on November 30, 2017. Series F, FH, A and AH of Capital Group Capital Income Builder (Canada) commenced operations on October 31, 2018. Series F, F4, A and T4 of Capital Group Monthly Income Portfolio (Canada) commenced operations on April 30, 2020. Estimated MERs at commencement of operations were: Global Equity, Series F4, 0.85%; Emerging Markets Total Opportunities, Series F4, 1.27%; World Bond, Series F, 0.95% and Series FH, 1.02%; Capital Income Builder, Series F, 0.99%, Series FH, 1.07%, Series A, 2.12% and Series AH, 2.18%; Monthly Income Portfolio, Series F, 0.99%, Series F4, 0.99%, Series A, 2.09% and Series T4, 2.09%.

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The Capital Group funds offered on this website are available only to Canadian residents.