You should check with your financial professional to determine if this applies to your account(s). A 1% contingent deferred sales charge (CDSC) may be assessed if a redemption occurs within18 months of purchase. In 2003, at the request of the SEC, NASD, joined by the Securities Industry Association (SIA) and the Investment Company Institute (ICI), led a task force on breakpoints charged with recommending industry-wide changes to address errors and missed opportunities to provide breakpoint discounts. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. Sales charge. This includes information about your client's own holdings as well as the holdings of certain parties related to your client, such as your client's spouse or children. Sales Charges & Fees - MFS American Century Investments also may waive the minimum initial investment in other situations it deems appropriate. CDSC of 1.00% is applied if withdrawal is made within one year of purchase.*. About Fund costs - Putnam Investments Frequently Asked Questions about Breakpoints | FINRA.org In the process of conducting routine firm examinations in 2002, NASD identified problems in mutual fund transactions, in which eligible customers did not always receive their entitled breakpoints. Direct purchases of the money market fund are excluded. The amount eligible for this "Reinstatement Privilege" may not exceed the amount of your redemption proceeds and is only allowed once per year. A right of accumulation (ROA) allows investors to aggregate their own holdings as well as the holdings of certain related parties, such as spouses and children, toward achieving the investment thresholds at which breakpoint discounts become available. DE Washington, DC 20006 Investments made for participant accounts of a 403(b) plan that is treated like an employer-sponsored plan, or multiple 403(b) plans of a single employer or affiliated employers, can be aggregated. These fees are paid over the life of the investment and you receive 1.00% immediately and an ongoing trail of 1.00% that begins in the 13th month, subject to certain broker/dealer payout policies. Source: Columbia Threadneedle Investments. PDF Guide to mutual fund investing - J.P. Morgan Sales Charges & Breakpoints. Align your investment choices with your personal values. In addition to issuing Investor Alerts, FINRA has developed a Fund Analyzer that may help investors choose the right mutual fund share class in order to minimize fees. If you redeem Investor A or Institutional shares and within 90 days buy new Investor A Shares of the same or another fund, you will not pay a sales charge on the new purchase amount. Breakpoints/Volume Discounts and Sales Charge Waivers . A contingent deferred sales charge of 1.00% may be imposed, however, on redemptions made within 18 months of the date of purchase on shares that were purchased without an initial sales charge.
Doctor Loan Program,
Natalie Baker Bernard,
Virgin Atlantic Careers Cabin Crew,
Thomas Jefferson High School For Science And Technology Alumni,
Brian Murphy Shrewsbury, Ma,
Articles A