Supplemental information containing changes to the original prospectus may have been added to the beginning of the document. The extent of the discount depends on the amount invested in a particular family of funds. As of July 30, 2003, the 642 firms listed below submitted assessment results to NASD. CollegeAmerica and ABLEAmerica are nationwide plans sponsored by Virginia529. Breakpoints/Volume Discounts and Sales Charge Waivers . In cases where the Distributor acts as a dealer, it will not receive a placement fee on NAV purchases of Investor A shares. To access and download mutual funds prospectuses, go to the Securities and Exchange Commission's (SEC) EDGAR Database on the SEC website. 2 Listed are the front-end sales loads reallowed to dealers as a percentage of the offering price of certain of the funds Non Money Market Investor A Shares. Class I- Purchased with no initial sales charge, no CDSC charge applied and no ongoing sales charge. The I, Y, R5, and R6 shares earn a. 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. VAFAX. Purchased with no initial sales charge to your clients but have higher ongoing fees. To assess your clients' opportunities to receive breakpoint discounts, you should: For more guidance on how to ensure your clients receive the appropriate breakpoint discount, please see our Mutual Fund Breakpoints Web page. All rights reserved. American Legacy accounts established on or before March 31, 2007, can also be applied to qualify for a discount on Class A, 529-A and ABLE-A purchases. 6. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. It has an expense ratio of 0.58% compared to the category average of 0.89%. 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. If your account has been closed, the money can be reinvested into another fund provided: See your financial professional or the funds statement of additional information for details. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies. You could lose money by investing in the American Funds U.S. Government Money Market Fund. If the investor invests with us through a financial intermediary, this requirement may be met if the investors financial intermediary aggregates the investors investments with those of other clients into a single group, or omnibus account that meets the minimum. When a plan sponsor signs an American Funds prototype agreement, all plan contributions are required to come to American Funds. This list of Frequently Asked Questions covers topics such as Rights of Accumulation (ROA) and Letters of Intent (LOI), as well as resources to help you educate your clients. for more details as well as more information about dealer payments in general. Breakpoints/Volume Discounts and Sales Charge Waivers (Partners Fund and Cornerstone Fund) Reducing Your Sales Charge. As a result, FINRA has taken a number of steps to ensure that investors who did not receive appropriate discounts are able to obtain a refund and that in the future investors will receive all discounts to which they are entitled. 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. *Effective May 1, 2020, the fund was renamed to BlackRock Income Fund. Report a concern about FINRA at 888-700-0028, Securities Industry Essentials Exam (SIE), Financial Industry Networking Directory (FIND), Mutual Fund Breakpoints: A Break Worth Taking. OGC staff contact:Joe Savage At the request of the Securities and Exchange Commission ("SEC"), NASD convened and led a Joint NASD/Industry Breakpoint Task Force, with representatives from, among others, Investment Company Institute ("ICI"), Securities Industry Association ("SIA"), National Security Clearing Corporation ("NSCC"), broker/dealers, mutual funds, and transfer agents, to examine the difficulties that the financial industry experienced delivering breakpoint discounts on Class A mutual fund share sales and to develop recommendations to facilitate the complete and accurate delivery of breakpoint discounts in the future. It combines growth and income investing with an emphasis on. When recalculating sales charges for Class A purchases, should firms include the value of mutual fund holdings in Class B shares held in the same fund family? Key Risk- The funds are actively managed and its characteristics will vary. FR. Some investment firms request accounts to be set up as street name or nominee accounts. Get the latest business insights from Dun & Bradstreet. A 0.75% contingent deferred sales charge (CDSC) may be assessed if a redemption occurs within 18 months of purchase. the reinvestment occurs within90 daysafter the date of the sale, the money is reinvested in the same type of account as the account from which it came. 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. GDC provides transparency from both the salesperson's and the client's perspective, as the concession is usually published in the prospectus. Financial intermediaries may require their clients to meet different investment minimums. Equity Funds 1 Fixed Income Schedule I 3 Fixed Income Schedule II 4 Other Fees & Charges - Equity and Fixed Income Description and Amount 12b-1 fee 6 : 0.25% 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. Short-selling entails special risks. 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. See the funds' prospectuses for more information. In cases where the Distributor acts as a dealer, it will not receive a placement fee on NAV purchases of more than $1 million of Investor A Shares. Returns without sales charges would be lower if the sales charges were included. You can reduce the sales charge you pay on Class A, 529-A and ABLE-A share purchases by establishing a statement of intention. * Intended for individuals who manage their workplace retirement plans or other benefits through Fidelity. FINRA also has developed the Breakpoint Checklist and Breakpoint Worksheet to help firms and associated persons gather the information necessary to deliver available discounts on the sales of Class A shares. Please review the beginning of the Advisor Fund prospectus and/or 529 Plan Offering Statement. Exceptions: GNMA, Systematic ESG Bond, and U.S. Government Bond: 0.50% on $1,000,000 to $2,999,999, 0.25% on $3,000,000 to $14,999,999, 0.15% on $15,000,000+; Global Long/Short Credit Fund: 1.00% on $250,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000+; Inflation Protected Bond: 0.15% on $1,000,000 to $2,999,999, 0.10% on $3,000,000 to $14,999,999, 0.05% on $15,000,000+; Emerging Markets Flexible Dynamic Bond: 1.00% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000+; Floating Rate Income, Low Duration, Income Fund and Strategic Income Opportunities: 0.75% on $500,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000+; Tax-free fixed income funds (except for Short-Term Municipal): 1.00% on $250,000 to $3,999,999, 0.50% on $4,000,000 to $9,999,999, 0.25% on $10,000,000+; Short-Term Municipal: 0.25% on $250,000+; Total Return Fund: 0.75% on $250,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000+. CDSC of 1.00% is applied if withdrawal is made within one year of purchase.*. Past profits do not guarantee future profits. 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. The Investor A front-end sales charges can be reduced or eliminated through one or a combination of the following: the Right of Accumulation, a Letter of Intent, the Reinstatement Privilege, quantity discounts or an applicable waiver of the sales charge. 1 The Distributor may pay a dealer reallowance or placement fee to the dealer as shown on NAV purchases of Investor A Shares of $1 million or more. $1000.0000. Share price and return will vary, so you may lose money. An investment in Summit is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A contingent deferred sales charge of .50% may be imposed, however, on redemptions made . For example, a mutual fund might charge a front-end load of 5.75 percent for share purchases of less than $50,000, but reduce the load to 4.50 percent for investments between $50,000 and $99,999, and further reduce or eliminate the load for larger investments. To purchase Nationwide funds, call 1-877-245-0761to talk to a specialist, or speak with your financial professional. Special statement of intention rules apply to shareholders investing by payroll deduction. 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. We build funds based on investor needs, then we search the world to find time-tested portfolio teams with specialized expertise in those strategies. Select your role. *Dealer may be eligible for a finder's fee, as described in the prospectus. Source: Columbia Threadneedle Investments. There is no initial sales charge on purchases of $500,000 or more. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. NASD directed all firms that processed more than a minimal amount of mutual fund transactions using an automated process to conduct a self-assessment of their mutual fund transactions in 2001 and 2002 and the sales discounts provided, and to submit the results to NASD. 4. Find company research, competitor information, contact details & financial data for ALEF TRADE SP Z O O of Gdask, pomorskie. 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. Excludes American Funds College Enrollment Fund. Welcome to Capital.com. 9 The maximum purchase for all municipal fixed income funds Class C shares is $500,000. However, if the investor does not actually make the required purchases at the end of the specified period, he or she will be required to forfeit the discounts received pursuant to the letter of intent. Learn about options that may be available to you. To ensure your investment receives the appropriate sales charge, you or your financial professional should notify us when a purchase is eligible for a reduced sales charge; otherwise, the maximum sales charge may be applied. custodial and transfer agent fees If a mutual fund adopts a so-called "12b-1" plan (so named for the SEC rule), it is permitted to charge, as an annual expense against net assets, the cost of soliciting new investment into the fund. 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. 06/23/2005 5.50: 0.95 9.28: 12.87-14.12: 13.23: 9.32: 12.03: Invesco Capital Appreciation Fund 1, 1. BlackRock Balanced Capital, BlackRock Tactical Opportunities, BlackRock Multi-Asset Income, and BlackRock Dynamic High Income will be subject to a 0.75% charge if liquidated within 18 months of purchase. In selecting investments for the Fund's portfolio, the Adviser utilizes a bottom-up approach, focusing on fundamental qualities of individual . The purpose of the outline is to ensure that registered representatives understand the specific issues that govern breakpoint eligibility. 12.28. Invesco SteelPath MLP Alpha Plus Fund Class C. 12.32. MainGate MLP Fund Class I. In such instances, the automatic conversion of Investor C shares to Investor A shares will occur approximately eight years after the Effective Date. Firm compliance professionals can access filings and requests, run reports and submit support tickets. Below you'll find the sales charges and breakpoints for funds with Class A/A1 and Class C/C1 shares offered by Franklin Distributors, LLC. Asset allocation strategies do not assure profit and do not protect against loss. Investors should carefully consider investment objectives, risks, charges and expenses. Consider the fund's investment objectives, risks, charges and . You may also wish to read our Investor Alert, Mutual Fund Breakpoints: A Break Worth Taking. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. About 1/2 of all mutual funds have adopted such plans. Investors also may be able to aggregate holdings they have in different accounts at the same broker-dealer, at different broker-dealers, or in different types of accounts, such as 401(k)s and 529 plans, as well as the holdings in the accounts of related parties toward achieving an investment threshold at which a breakpoint discount is available. Investor C SharesPurchased with no initial sales charge to your clients but have higher ongoing fees.

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