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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