MAM Funds adds 'clean' share classes to fund range

The 1% non-trail ‘N’ share class comes into effect for the UCITs fund range this month, which includes Miton, Acuim, and Midas branded funds. Martin Gray’s CF Miton Arcturus fund, a non-UCITs fund, will instead have a lower annual management charge of 0.75% and will continue to operate a performance fee. MAM will also add institutional share classes to the CF Midas Balanced Growth and CF Midas Balanced Income funds, and will remove the blanket dilution levy on both funds. The existing retail share class will continue for legacy business, while the new non-trail share class will be ...