Dividend Dolphin

This week I got a letter from my bank. It said that my bank made a better deal with one of the mutual funds I invest in on a monthly basis, Kempen Global High Dividend fund. Exclusively for customers of my bank they negotiated a cost reduction of 0.15% from 0.78% to 0.63% in management fees. According to the letter I will notice this by a higher appreciating value of the fund. This is because the management fee is withdrawn from the fund value. The mutual fund will get it's own ISIN number because it's course will differ from the original fund in the future whil all mangement decissions of the fund will be the same. I think this is partly because of the much lower management fees tha ETFs charge for their products. Have you ever have had management fees changed in mutual funds or ETFs?

Parallel to investing in individual dividend growth stocks I also invest €100 into two mutual funds. One fund is a mixed fnds with both bonds, shares and some liquid assets. This fund automatically reinvests all the dividends and interest payments, resulting in a higher price. The other mutual fund, Kempen Global High Dividend Fund, pays a quarterly dividend. This dividend was raised for 2017. The quarterly dividend is raised from €0.33 to €0.35 per share. This is a dividend raise of 6.06%. The current price for the fund is €31.40, a dividend yield of 4.46%. At the moment I own 11.5 shares of this mutual fund so this raise increases my yearly dividend with 78 cents. However, I purchase for €50 each month and reinvest the dividend automatically. The first payment will be in February the exact date is not set yet.