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Flex-funds reduces annual fund operating expenses for eight funds
By Toni Weeks
San Diego, Dec. 22 - The Flex-funds family of mutual funds announced it is lowering the annual fund operating expenses for eight of its funds due to a projected reduction in the acquired fund fees and other expenses, according to a 497 filing with the Securities and Exchange Commission.
The new fees will be as follows:
• For the Total Return Bond Fund, the management fees will be 0.4%, with total annual fund operating expenses of 1.77%;
• For the Defensive Balanced Fund and the Strategic Growth Fund, management fees will be 0.75%, with total annual fund operating expenses of 1.99%;
• For the Muirfield Fund, management fees will be 0.83%, with total annual fund operating expenses of 1.95%;
• For the Utilities and Infrastructure Fund, management fees will be 1%, with total annual fund operating expenses of 2.05%;
• For the Dynamic Growth Fund, management fees will be 0.75%, with total annual fund operating expenses of 1.94%;
• For the Aggressive Growth Fund, management fees will be 0.75%, with total annual fund operating expenses of 2.09%;
• For the Quantex Fund, management fees will be 1%, with total annual fund operating expenses of 1.82%. This fund also had its management fee reduced.
Flex-funds is based in Dublin, Ohio.
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