Investor C shares automatically convert to Investor A shares approximately eight years after the date of purchase. Please review the beginning of the Advisor Fund prospectus and/or 529 Plan Offering Statement. Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits not available through CollegeAmerica (such as financial aid, scholarship funds and protection from creditors) or ABLEAmerica. PDF Brokerage Commission and Fee Schedule - Fidelity Investments You should consider your client's financial needs, goals, and risk tolerance before making any investment recommendations. In order to research eligibility for a breakpoint discount, FINRA has created a Fund Analyzer. The extent of the discount depends on the amount invested in a particular family of funds. Financial Professional Compensation | Capital Group The dealer reallowance indicated will apply up to the indicated breakpoint (so that, for example, a sale of $4 million worth of Investor A shares in a fixed income fund will result in a dealer reallowance of 0.50% on the first $3 million and 0.25% on the final $1 million). There is no deferred sales charge for the BlackRock Money Market Option; however, if you transfer assets from other Investment Options to the BlackRock Money Market Option and then withdraw from the BlackRock Money Market Option within the one-year holdings period that applied to the original Investment Option, the applicable contingent deferred sales charge that applied to the original Investment Option will continue to apply. $1000.0000. You can reinvest proceeds from a redemption, dividend payment or capital gain distribution back into the same account from which the proceeds came without a sales charge, provided the reinvestment occurs within90 daysafter the date of the transaction. All other company and product names mentioned are the property of their respective companies. Class A/A1 Class C/C1 You can combine simultaneous purchases (including purchases for gifts) of two or more American Funds of any share class, as well as holdings in CollegeAmerica and ABLEAmerica, as another way to reduce your Class A, 529-A and ABLE-A sales charges. for more details as well as more information about dealer payments in general. The Advisor's affiliated broker-dealer, D.A. The initial sales charge can be reduced or eliminated through one or a combination of the following: a Letter of Intent, the Right of Accumulation or the reinstatement privilege. What is a Right of Accumulation (ROA)? Information provided in, and presentation of, this document are for informational and educational . Before making any investment decisions, you should consult with your own professional advisers and take into account all of the particular facts and circumstances of your individual situation. GDC provides transparency from both the salesperson's and the client's perspective, as the concession is usually published in the prospectus. Capital Group Lowers Fees on 18 Funds - PR Newswire Purchased with no initial sales charge to your clients but have higher ongoing fees. 9 The maximum purchase for all municipal fixed income funds Class C shares is $500,000. Amount invested. They are Mutual Fund Breakpoints: A Break Worth Taking and Understanding Mutual Fund Classes. When you invest with us for your financial future, you also invest in the future of others. The Task Force was convened in Jan. 2003, at the request of the SEC, followed NASD's examination findings and issuance of Special Notice to Members 02-85, dated Dec. 23, 2002, which reminded broker/dealers of their obligation to apply correctly breakpoint discounts to front-end sales load mutual fund transactions. Sales charges & breakpoints Account aggregation Concurrent purchases Rights of accumulation Statement of intention Right of reinvestment (reinstatement) Gift of shares Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. American Funds Fundamental Investors (ANCFX): Launched in August 1978, this fund has $127.9 million in assets under management. The minimum initial investment amount is generally $5 million ($3 million for endowments and foundations) per fund. FINRA operates the largest securities dispute resolution forum in the United States, To report on abuse or fraud in the industry. Returns without sales charges would be lower if the sales charges were included. For purchases of $500,000 or more, a 1% Contingent Deferred Sales Charge (CDSC) may apply for the first year. 5. PDF Unit Investment Trusts Features, Costs and Compensation The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. * Trail for BlackRock Summit Cash Reserves is 0%.Since all Investor C Shares of Summit must be purchased in an exchange transaction for Investor C Shares of a non-money market fund advised by BlackRock or its affiliates, a contingent deferred sales charge (CDSC) of 1.00% may apply to certain redemptions of Summits Investor C Shares. Objective. 0.75% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, and 0.25% on $15,000,000 and above. If you currently have individual holdings in American Legacy accounts that were established on or before March 31, 2007, you can continue to combine purchases made under such contracts and policies to reduce your Class A sales charge. File a complaint about fraud or unfair practices. document.write(new Date().getFullYear()) Nationwide Mutual Insurance Company and affiliated companies, Privacy The initial sales charge can be reduced or eliminated through one or a combination of the following: a Letter of Intent, the Right of Accumulation or the reinstatement privilege.9 A contingent deferred sales charge of 1.00% is assessed on certain withdrawals of investments in Class A Units made within 18 months after purchase where no initial sales charge was paid at time of purchase as part of an investment of $1,000,000 or more.
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