The Securities Commission has granted an alternative mutual fund, managed by Tralucent Asset Management Inc., exemption from certain requirements under National Instrument 81-102 Investment Funds and related regulations. This exemption allows the fund to use past performance data from a period when its securities were offered on a prospectus-exempt basis for sales communications and risk classification. The fund, which has the same investment objectives and fee structure as during the prospectus-exempt period, can now include this historical data in its simplified prospectus, fund facts document, and ETF facts document, as well as in its annual and interim management reports of fund performance.
The decision is based on the fund’s compliance with the conditions set forth by the regulator, including the filing of a simplified prospectus and ETF facts document in accordance with the prescribed forms, and treating ETF Securities and Mutual Fund Securities as if they were separate funds for compliance with parts of National Instrument 81-102. The exemption is contingent upon the fund’s adherence to these conditions and the inclusion of disclosure regarding the decision in the fund’s simplified prospectus.