We charge a reasonable fee for our services. While our fees are well below their category averages, we don’t see ourselves as heroes. It's our belief that investment fees in Canada have become bloated and have plenty of room to come down.
One Simple Fee
Each Steadyhand fund charges One Simple Fee, which is a fixed fee that includes the fee for our services as manager and all of the fund's operating expenses. In essence, this fee is the same as an MER. The exception being that in our case, you know what the fee is in advance, before you invest. The table below lists each fund’s One Simple Fee along with its category average MER.
|Steadyhand Fund||One Simple Fee||Category Average MER*|
|Global Equity Fund||1.78%||2.70%|
|Small-Cap Equity Fund||1.78%||2.66%|
Fee Reduction Program
In addition to our low base fees, we offer a reduction of each fund’s One Simple Fee based on the size of your accounts with Steadyhand and your tenure with the firm. Fee reductions are made in the form of special distributions of additional fund units.
Our Fee Reduction Program is designed to reward investors who have entrusted significant assets with Steadyhand, as well as long-standing investors in our funds.
|Assets Invested With Steadyhand||Discount on One Simple Fee|
|On the first $100,000||0%|
|On the next $150,000 (amounts between $100,000 - $250,000)||20%|
|On the next $250,000 (amounts between $250,000 - $500,000||30%|
|On the amount above $500,000||40%|
|Tenure With Steadyhand||Additional Discount on Your Total Fee|
|0 - 5 Years||0%|
|5 - 10 Years||7%|
Fee discounts are calculated based on your total consolidated household assets in accounts held directly with Steadyhand, and are applied to each fund in which you own units.
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