Toronto-based Invesco Canada Ltd. has merged two of its funds. Invesco Emerging Markets Debt Fund has been merged with Invesco Global Bond Fund. The latter, the remaining fund, is meant for unitholders with a low risk tolerance and who seek income and capital appreciation from global fixed-income securities. To reach this goal, the fund invests in fixed-income securities of global corporations, governments and other entities and typically won't invest more than 25% of its net assets in high-yield or emerging-market debt. Advisor commissions are 0%-5% for front-end sales, 4.5% for deferred sales, 1% for the low-load option or 3% for the lower-load load-4 option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule, begin at 2% in Year 1 and end at zero after Year 2 for the low-load schedule or begin at 4.5% in Year 1 and end at zero after Year 4 for the load-4 schedule. Trailing commissions are 0.5% for front-end sales; 0.2% for the first seven years of deferred sales, and 0.5% thereafter; 0.5% for low-load sales; and 0.2% for the first four years of load-4 sales, and 0.5% thereafter. Management fees are 1.15% for A-class units and 0.65% for F-class units. Minimum investment is $500.
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