The amount eligible for this "Reinstatement Privilege" may not exceed the amount of your redemption proceeds and is only allowed once per year.See the funds' prospectuses for more information. MONEY MARKET FUNDS Typically less volatile than other types of mutual funds because they invest in high-quality, short-term money market instruments that are issued and payable in U.S. dollars. To learn more about FINRA breakpoints initiatives, please see our Mutual Fund Breakpoints Web page. Although Summit seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. American Legacy accounts established on or before March 31, 2007, may also be included. 7 NAV purchases at specified breakpoints on BlackRock fixed income funds may be subject to a CDSC if liquidated within 18 months of purchase as follows: most taxable fixed income funds: 0.75%; BlackRock GNMA, Systematic ESG Bond, U.S. Government Bond: 0.50% ; BlackRock Inflation Protected Bond: 0.15%; all tax-free fixed income funds, BlackRock Global Long/Short Credit and BlackRock Emerging Markets Flexible Dynamic Bond: 1.00%.8 NAV purchases at specified breakpoints on BlackRock fixed income funds may be subject to a CDSC if liquidated within 9 months of purchase as follows: Short-Term Municipal: 0.25%.9 The following dealer reallowance will apply to most taxable fixed income funds (see below for exceptions). Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. MainGate MLP Fund Class I. 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. The purpose of the outline is to ensure that registered representatives understand the specific issues that govern breakpoint eligibility. 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) Past profits do not guarantee future profits. 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. Clients can be anxious, have productive conversations. The 12b-1 fees can be used to pay for advertising, for sales literature and can be used to compensate broker . Investors should carefully consider investment objectives, risks, charges and expenses. Source: Columbia Threadneedle Investments. Current performance may be higher or lower than the performance shown. A contingent deferred sales charge of .50% may be imposed, however, on redemptions made . However, every firm that sells or anticipates selling mutual funds, no matter its business model, should cover the topics listed in parts I and II of the outline. 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. Ask your clients for the information necessary to determine their eligibility to receive breakpoint discounts. Purchased with no initial sales charge to your clients but have higher ongoing fees. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. call +44 2030978888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Capital appreciation and reinvested dividends/capital gains do not apply toward your combined purchases. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. Please see the funds prospectuses for more information. It also includes trust programs and trust services offered by Nationwide Trust Company, FSB. Growth, value, blend, global sector, asset allocation funds, and 529 options - class A. Depending on the amount of the purchase, you may qualify for a reduction in the sales charge. 1735 K Street, NW In selecting investments for the Fund's portfolio, the Adviser utilizes a bottom-up approach, focusing on fundamental qualities of individual . File a complaint about fraud or unfair practices. 2Listed 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. When considering their obligations to provide all available breakpoint discounts on sales of Class A shares of front-end load mutual funds, member firms may review the following Breakpoint Checklist and Breakpoint Worksheet, which may help member firms evaluate their breakpoint compliance programs and confirm whether they are capturing all relevant categories of information to provide customers all available breakpoint discounts. Since American Funds Service Company has little or no access to certain nominee or street name account information, we are generally unable to aggregate those accounts. American Century Investment Services, Inc. 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. To reach a different BlackRock site directly, please update your user type. 2023 BlackRock, Inc. All rights reserved. Additionally, some mutual funds allow investors to use an LOI retroactively to include the value of past purchases in the LOI period. The referenced initial and subsequent minimums are for accounts established through a financial intermediary. If you have additional questions, please call 800-847-0200 to speak with a shareholder representative. Youll need to send a letter of instruction along with a new account application, if needed. Sales charge. 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. The I, Y, R5, and R6 shares earn a. 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. Tax-exempt bond funds are not available through the CollegeAmerica 529 plan or ABLEAmerica. This simply means that the investment firm has sole access, or that we have limited access, to their clients account information. 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). In addition to the underwriter concession retained by the Distributor, the Distributor retains the entire initial sales charge on accounts with no authorized dealer of record. 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. Bonds are an important asset class in financial markets that are often used in a diversified A share is a unit of ownership of a company. 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. What can I do to ensure that my clients receive breakpoint discounts? The products and services listed on this website are not available to IN residents. 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. This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice. Aggregation of participant IRA accounts under a SEP or SIMPLE IRA plan depend on the plan agreement selected by the plan sponsor. To access and download mutual funds prospectuses, go to the Securities and Exchange Commission's (SEC) EDGAR Database on the SEC website. When a plan sponsor signs an American Funds prototype agreement, all plan contributions are required to come to American Funds. The outline serves as a model of the critical breakpoint topics firms should address in training. 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. 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? No sales charge applies on investments of $250,000 or more. Share price and return will vary, so you may lose money. FR. American Funds Distributors, Inc., member FINRA. Use of this website is intended for U.S. residents only. 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. 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. Mutual fund prospectuses and statements of additional information also may be available online at a fund company's website. Consider the fund's investment objectives, risks, charges and . $100,000 to $249,999. What is a Letter of Intent (LOI) and how can it help my clients qualify for breakpoint discounts? There is no initial sales charge on purchases of $500,000 or more. 6. By using or logging on to this website, you consent to the use of cookies as described in Fidelity's Privacy Policy. Understand how tax rules and concepts affect your investments. Washington, DC 20006 Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal. Investor C SharesPurchased with no initial sales charge to your clients but have higher ongoing fees. To determine whether an LOI is appropriate for a particular client, you should discuss your client's investing plans for the coming 13-month period and examine his or her recent purchases. 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. The amount eligible for this "Reinstatement Privilege" may not exceed the amount of your redemption proceeds and is only allowed once per year.See the funds' prospectuses for more information. Find company research, competitor information, contact details & financial data for ALEF TRADE SP Z O O of Gdask, pomorskie. 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. 4.50%. Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks. Copyright 2023 Capital Group. DE All rights reserved. If the person(s) who established the trust is deceased, the primary beneficiary can combine accounts. Supplemental information containing changes to the original prospectus may have been added to the beginning of the document. American Century Investments also may waive the minimum initial investment in other situations it deems appropriate. 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. Some investment firms request accounts to be set up as street name or nominee accounts. 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. 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. 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. Ask your clients for the information necessary to determine their eligibility for breakpoint discounts, such as their fund holdings and the holdings of their spouse or children, among other relatives. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. Refer to Statement of Additional Information for a list of retirement plan types. An LOI allows investors to receive breakpoint discounts based on a commitment to buy a specified number of shares over a period of time, usually 13 months. The extent of the discount depends on the amount invested in a particular family of funds. You may also qualify for a complete waiver of the sales charge on Investor A shares or of the contingent deferred sales charge on Investor C shares under certain circumstances.