Excludes American Funds Inflation Linked Bond Fund, American Funds Short-Term Tax-Exempt Bond Fund, Intermediate Bond Fund of America, Limited Term Tax-Exempt Bond Fund of America and Short-Term Bond Fund of America. See below for a full description of the breakpoints, reductions and waivers that may be available through financial intermediaries in certain types of accounts or products. Sales charge/dealer concession schedule: C shares U.S.Equity Funds Equity Focus Fund (JPFCX) Equity Income Fund (OINCX)** Equity Index Fund (OEICX)Growth Advantage Fund (JGACX) Large Cap Growth Fund (OLGCX)Large Cap Value Fund (OLVCX)Mid Cap Equity Fund (JMCCX)Mid Cap Growth Fund (OMGCX) Mid Cap Value Fund (JCMVX) U.S.Equity Funds (continued) 1735 K Street, NW Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. The Fund will generally remain fully invested, and under normal market conditions, the Fund's portfolio will consist of approximately 30 to 80 companies. The investment levels at which the discounts become available are called "breakpoints." When your initial mutual fund investment exceeds a specified amount, or breakpoint, you may qualify for a volume discount. The commission the agent receives is usually a percentage of this figure, though some firms use Production Credits, usually smaller than GDC, to determine payouts and retain more revenue. Short Duration Income Portfolio, Short Duration Portfolio and Bond Inflation Strategy only: For purchases . Invesco SteelPath MLP Alpha Plus Fund Class C. 12.32. If a dealer waives its right to receive a dealer reallowance, the fund may, at its own discretion, waive the CDSC related to NAV purchases of Investor A Shares. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies. Fixed income risks include interest-rate and credit risk. Funds listed under the "Domestic Equity" category have a majority of their assets invested in U.S. issuers, but may also invest in non-U.S. issuers. Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal. Reducing Your Sales Charge. FIAM products and services may be presented by FDC LLC, a non-exclusive financial intermediary affiliated with FIAM and compensated for such services. This applies to all direct fund purchases (except the money market fund) into multiple accounts that you and/or your immediate family own. Similar information is contained in the CollegeAmerica Program Description and ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. In such instances, the automatic conversion of Investor C shares to Investor A shares will occur approximately eight years after the Effective Date. To assist firms in fulfilling their obligation to provide all available breakpoint discounts on the sales of front-end load mutual funds, FINRA recommends that firms at the time of purchase or periodically thereafter provide investors with a Written Disclosure Statement explaining the availability of breakpoint discounts. Investing involves risk, including possible loss of principal. Certain group employer-sponsored retirement plans, that hold a single account for all plan participants with the Fund, or shares are purchased by certain retirement plans that are part of a retirement plan or platform offered by banks, broker dealers, financial advisors or insurance companies, or serviced by retirement recordkeepers. 6. For retail accounts established directly at the fund company, the initial and subsequent minimums are different. You may also wish to read our Investor Alert, Mutual Fund Breakpoints: A Break Worth Taking. In this regard, you should review the fund's prospectus and Statement of Additional Information, which should provide a detailed description of its breakpoint eligibility criteria. A statement of intention allows you to combine non-money market fund purchases of all share classes that you intend to make over a 13-month period in order to determine your applicable sales charge. Invesco SteelPath MLP Income Fund Class Y. Reducing Sales Charges on Class A, 529-A & ABLE-A, Sales charges and breakpoints for Class A shares, Sales charges and breakpoints for Class 529-A and ABLE-A shares, American Funds U.S. Government Money Market Fund, Sign up for paperless delivery of documents. I shares are for individual investors with $2,500,000 or for wrap or fee-based advisory programs as specified by the wrap programs provider. Discuss with your clients whether breakpoint discounts are available before they buy mutual fund shares. 1y Perf. Please review the beginning of the Advisor Fund prospectus and/or 529 Plan Offering Statement. Gross dealer concession (GDC) is the revenue paid to a brokerage firm when commissioned securities and insurance salespeople sell a product. Investor C shares automatically convert to Investor A shares approximately eight years after the date of purchase. Thus, signing an LOI allows the investor to take advantage of discount that would not otherwise be available. Despite its struggles in the first half of 2022, American Century Sustainable Equity remains a respectable option among sustainable core equity funds. $100,000 to $249,999. In the tables below, you can look up sales charges for mutual fund purchases. To find information regarding ROA rules for each mutual fund, you should review the fund's prospectus and statement of additional information, or consult with your firm's compliance officer. This tool allows you to look up breakpoint schedules and linkage rules for mutual funds with sales charges to ensure discounts are given where applicable. This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investment advisory services focused on the unique needs of individual retirees, retirement plans, and their participants offered by Transamerica Retirement Advisors, LLC, a . The information on this web site is intended for U.S. residents only. Conversions will occur on the 15th of each month (if the 15th is not a business day, then the next business day thereafter). Small Business Retirement Plans include Business IRAs (SIMPLE, SEP and SARSEP), and Employer-sponsored retirement plans held in brokerage accounts whether a single account for all plan participants with the Fund or multiple accounts for each plan participant. 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). The I, Y, R5, and R6 shares earn a. In order to research eligibility for a breakpoint discount, FINRA has created a Fund Analyzer. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. 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. Become familiar with breakpoint discounts offered by the mutual funds that you sell. There are no up-front sales charges for Class I or Class R Shares. You should check with your financial professional to determine if this applies to your account(s). The investment seeks conservation of capital, current income and long-term growth of capital and income. US $584 billion. 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. I consult or invest on behalf of a financial institution. Endowments or foundations established and controlled by the investor or immediate family member, CollegeAmerica accounts, which will be aggregated at the account owner level (except Class 529-E accounts, which may only be aggregated with an eligible employer plan). The answer to your question depends on how the particular fund family establishes eligibility for breakpoint discounts. LOS ANGELES, May 2, 2022 /PRNewswire/ -- Capital Group, home of American Funds, is reducing fees on 18 funds by . 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. In a letter to NASD Chairman and Chief Executive Officer Robert R. Glauber, dated January 15, 2003, former Securities and Exchange Commission (SEC) Chairman Harvey L. Pitt requested that NASD, joined by the Securities Industry Association (SIA) and the Investment Company Institute (ICI), convene a task force to recommend industry-wide changes to address errors and missed opportunities to provide discounts in the calculation of sales loads charged on the purchase of mutual fund shares that carry a front-end sales load. Investors should discuss their specific situation with their financial professional. Select your role. Please see the funds prospectuses for more information. Sales Charges & Breakpoints. The 0.25% annual trail will begin in the 13th month. Information provided in, and presentation of, this document are for informational and educational . Read the mutual fund prospectus or Statement of Additional Information, check a mutual fund company's website, or ask a financial professional for information on the terms and conditions of any available breakpoints. 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. Summits sponsor has no legal obligation to provide financial support to Summit, and you should not expect that the sponsor will provide financial support to Summit at any time. As a result, accounts will be aggregated as follows: Investments made by a common trust fund or other diversified pooled accounts that are not specifically formed for the purpose of accumulating fund shares may be aggregated. A money market fund is not designed to offer capital appreciation. Contact your financial professional orcall usto establish a statement of intention. Investments made for nonprofit, charitable or educational organizations (or any employer-sponsored retirement plan for such an endowment or foundation) or any endowments or foundations established and controlled by the organization can be aggregated. FR. To access and download mutual funds prospectuses, go to the Securities and Exchange Commission's (SEC) EDGAR Database on the SEC website. Select a fund for details on strategy, expenses, performance, and rankings. $1000.0000. For example, an investor who plans to buy $25,000 worth of shares in a particular mutual fund over the course of a year, but in 5 increments of $5,000 could sign a letter of intent pursuant to which the investor could obtain the breakpoint discount available on purchases of $25,000 on each $5,000 purchase. Investments are subject to market risk. If you are eligible, you must inform Customer Service or your investment professional or other financial intermediary at the time of your purchase that you qualify for such a reduction or waiver in order to receive it. * 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. Remove the guesswork from choosing investments. Trust accounts established by the above family members. An investor may sign a Letter of Intent (LOI), which allows the investor to receive breakpoint discounts based upon a commitment to buy a specified number of mutual fund shares over a period of time, usually 13 months. You can reduce the sales charge you pay on Class A, 529-A and ABLE-A share purchases by establishing a statement of intention. Understand the terms upon which the mutual funds you sell offer breakpoint discounts. You can help your clients assess their opportunities to receive breakpoint discounts by taking the following steps: FINRA provides an outline for training associated persons involved in the sale of Class A shares of front-end load mutual funds. 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. Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. * Effective January 16, 2018, BlackRock Total Return (Investor A) shares sold in amounts of $250,000 or more will be sold at net asset value, subject to a 0.75% CDSC if those shares are redeemed within 18 months of purchase. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. DST Vision is an interactive website that allows financial intermediaries such as broker-dealers and financial advisors to view fund, shareowner account, and dealer information. Terms and conditions Net Asset Value (NAV) Purchases Subject to Dealer Concessions: Dealers receive concessions on Class A share purchases made within a 12-month period beginning with the first NAV purchase under the following circumstances: Purchases of $500,000 or more of select funds (in Table B above), or $1 million or more of all other funds; Purchased with varying initial sales charges, depending on the fund and investment amount, and provide up-front commissions and ongoing trails that begin immediately. Direct purchases of the money market fund are excluded. Accessibility A 0.75% up-front dealer concession; A 1.00% CDSC for 12 months; A 0.75% trail that begins after the 12th month and is paid monthly; Money market funds pay dividends that are usually declared daily, paid Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. The dealer concession that Morgan Stanley receives from the UIT sponsor declines with larger purchases commensurate with the break- point reduction. American Funds Fundamental Investors (ANCFX): Launched in August 1978, this fund has $127.9 million in assets under management. A statement of intention lets you take immediate advantage of the maximum quantity discount*available. Get the latest business insights from Dun & Bradstreet. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. EN In determining sales charges, your American Funds and American Legacy account values can be combined with those of your spouse or spouse equivalent (if recognized by law) and children under 21 or ABLE accounts for disabled adult children, including: Direct purchases of money market funds, and American Legacy accounts established after March 31, 2007, cannot be aggregated. If you have additional questions, please call 800-847-0200 to speak with a shareholder representative. You can add the value of any American Funds share class that you already own to new Class A, 529-A and ABLE-A share purchases in order to qualify for a reduced sales charge. 1 For purchases under $500,000, the 0.25% trail is effective immediately. To assist the financial industry in fulfilling its obligation to provide all available breakpoint discounts on sales of front end load mutual funds, the Joint NASD/Industry Task Force recommended that broker-dealers provide investors with a Written Disclosure Statement, explaining the availability of breakpoint discounts, at the time of purchase or on a periodic basis. Key Risk- The funds are actively managed and its characteristics will vary. May be lower on funds that have set a lower breakpoint for purchasing Investor A shares without a front-end sales charge.
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