We are pleased to announce that Dimensional Fund Advisors (DFA) has made a significant reduction in the management fees on their mutual funds. The fee reduction is across all funds that are offered in Canada.
The average savings in management fees is 9.85% across all the funds. The largest cut was in the DFA Canadian Core fund. That fund had a 20% reduction in management fees. Please see table below:
Source: Dimensional Fund Advisors Canada ULC Announces Reduced Management Fees and Risk Rating Changes for Certain Funds
We are glad to see Dimensional Fund Advisors continue to make an effort to reduce costs and keep our clients’ interests a priority. If you have any questions please speak with your advisor today.