Effective January 1, the board of trustees of TFS Capital Investment Trust [profile] approved the discontinuance of the redemption fee for three funds: the TFS Market Neutral Fund, the TFS Small Cap Fund, and the TFS Hedged Futures Fund.

The trustees also approved the following reductions to the funds' investment advisory fees and contractual annual fund operating expense limitations, effective January 1, 2014.

TFS Market Neutral Fund
Current management fee: 225 basis points
Management fees effective January 1: 165 bps
Current contractual fee limitation: 250 bps
Contractual fee limitation effective January 1: 190 bps

TFS Small Cap Fund
Current management fees: 125 bps
Management fees effective: January 1, 115 bps
Current contractual fee limitation: 175 bps
Contractual fee limitation effective 150 bps

TFS Market Neutral Fund
Current management fees: 200 bps
Management fees effective January 1: 150 bps
Current contractual fee limitation: 230 bps
Contractual fee limitation effective 180 bps

[SEC Filing]  

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