Contact an
MD Advisor

MD Financial Suite: Management and Administration Fees

MD’s fees are among the lowest in Canada, nearly 30% lower than other financial services firms.* We give you a full, clear picture on all the fees you pay—not because we have to, but because we believe it’s the right thing to do.

MD Fund/MDPIM Pool MD Management Limited Management Fee¹ (%) MD Plus™ Account Management Fee¹ Series F (%) Series F2 Management Fee¹ (%) Administration Fee² (%)
MD American Growth Fund 1.25 0.30 0.15
MD American Value Fund 1.45 0.50 0.15
MD Balanced Fund 1.25 0.30 0.13
MD Bond Fund 0.85 0.05 0.07
MD Dividend Growth Fund 1.25 0.30 0.15
MD Dividend Income Fund 1.25 0.30 0.13
MD Equity Fund 1.25 0.30 0.15
MD Fossil Fuel Free Bond Fund™ 0.85 0.05 0.07
MD Fossil Fuel Free Equity Fund™ 1.25 0.30 0.20
MD Growth Fund 1.25 0.30 0.20
MD International Growth Fund 1.60 0.65 0.29
MD International Value Fund 1.60 0.65 0.20
MD Money Fund 0.50 0.503 0.05 0.05
MD Precision Balanced Growth Portfolio™ 1.40 0.45 0.45 0.13
MD Precision Balanced Income Portfolio™ 1.20 0.25 0.25 0.13
MD Precision Conservative Portfolio™ 1.15 0.20 0.20 0.13
MD Precision Maximum Growth Portfolio™ 1.45 0.50 0.50 0.13
MD Precision Moderate Balanced Portfolio™ 1.30 0.35 0.35 0.13
MD Precision Moderate Growth Portfolio™ 1.35 0.40 0.40 0.13
MD Select Fund 1.25 0.30 0.15
MD Short-Term Bond Fund 0.85 0.05 0.07
MD Stable Income Fund 0.85 0.853
MD Strategic Opportunities Fund 1.0 0.05 0.10
MD Strategic Yield Fund 1.0 0.05 0.10
MDPIM S&P/TSX Capped Composite Index Pool 0.05
MDPIM S&P 500 Index Pool 0.08
MDPIM International Equity Index Pool 0.20

*MD compared the management expense ratio (MER) for MD mutual funds and MD Precision Portfolios™ (applies to Series A fees only) with the average mutual fund MERs for comparable funds, using data from Investor Economics as of December 31, 2016.
¹ These are not management expense ratios.
² Administration fees are the same regardless of the series the client is purchasing (Series F or Series F2).
3 MD Money Fund Series A, MD Stable Income Fund Series A, and cash can be included in MD Plus™ account tiered pricing (which means that fees decrease as your account grows), but will not be charged an MD Plus account fee.

MD Plus™ Account Annual Management and Administration Fees

Account Balance < $500K $500K–$750K $750K–$2M $2M–$3M $3M+
Fee for each account balance range (tiered) 0.95% 0.90% 0.80% 0.70% 0.60%

For example, Dr. Smith and her family have grouped a couple of MD Plus accounts to qualify for a family discount. The combined market value of the accounts is $650,000. So the fee is calculated as follows:

  • on the first $500,000, the fee is 0.95%, which equals $4,750;
  • on the next $150,000, the fee is 0.90%, which equals $1,350.

The total annual management and administration fee ($6,100) is charged to each of the grouped accounts on a pro rata basis.

The MD Plus account fee schedule is tiered, which means reduced fees are charged for increasingly higher account balance amounts. Different rates are charged on each range within the same account or grouped family account.

MD Direct Trade™ Fees

For MD Direct Trade™, you pay for each purchase of an investment or service.

Type of Investment or Service Fee for Investor¹
Equities, including exchange-traded funds (ETFs) $8.45²
Options $8.45 + $1.75 per contract3
Mutual Funds
Fixed income/exchange-traded debentures $1 per $1,000 face value ($24.99 min./$250 max.)
Registered accounts (Canadian dollars) Included at no additional charge
eStatements and eConfirmations Included at no additional charge
Life income fund, retirement income fund and locked-in retirement income fund scheduled payments Included at no additional charge
Dividend reinvestment plans Included at no additional charge
Electronic funds transfers Included at no additional charge

¹ To qualify for active investor pricing, clients must place 150+ trades (excludes free trades) in the preceding calendar-year quarter.
² $6.45 for active investors.
3 $6.45 + $1.25 for active investors.

MD ExO® Direct Annual Fees

Account Balance < $500K $500K–$750K $750K–$2M $2M–$3M $3M–$5M $5M–$10M $10M+
Fee for each account balance range 0.475% (tiered) 0.45% (tiered) 0.40% (tiered) 0.35% (tiered) 0.30% (tiered) 0.20% (flat rate) 0.10% (flat rate)

For example, Dr. Jones’s account totals $925,000, so his fee would be $4,200, calculated as follows:

  • on the first $500,000, the fee is 0.475%, which equals $2,375;
  • on the next $250,000, the fee is 0.45%, which equals $1,125;
  • on the next $175,000, the fee is 0.40%, which equals $700.

The MD ExO® Direct fee schedule is tiered at the lower ranges, which means reduced fees for increasingly higher account balance amounts. Different rates are charged on each range within the same account.

Accounts with balances of more than $5 million are charged a flat rate fee, which means that the percentage shown in the relevant column above is applied to the entire account balance (from $0).