2 Class A share net asset value (NAV) purchases: no annual commission breakpoint reset; become eligible for service fee payments . $50,000 to $99,999. Glossary | Terms & Condition | Privacy & Security. 6. For the brokerage firm, GDC offers a consistent measure of production across all products by totalling the GDC for the products sold. The amount eligible for this "Reinstatement Privilege" may not exceed the amount of your redemption proceeds and is only allowed once per year. 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. This publication is authorized for distribution only when preceded or accompanied by a prospectus, or summary prospectus, for the portfolio being offered. 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. In the tables below, you can look up sales charges for mutual fund purchases. Does not include Nationwide Loomis Core Bond Fund and Nationwide Loomis Short Term Bond Fund. US $584 billion. Please refer to our Risk Disclosure Statement. 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. FINRA, OGC The purpose of the outline is to ensure that registered representatives understand the specific issues that govern breakpoint eligibility. Past profits do not guarantee future profits. We have issued two Investor Alerts that discuss mutual fund breakpoints. Please see the fund prospectus for more information. This applies to all direct fund purchases (except the money market fund) into multiple accounts that you and/or your immediate family own. Please see the funds prospectuses for more information. Breakpoint discounts and eligibility requirements are located in the fund's prospectus and/or statement of additional information. Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. For example, if you simultaneously invested $25,000 in New Perspective Fund Class A shares and $25,000 in The Growth Fund of America Class C shares, you could purchase the Class A shares at the $50,000 sales charge of 4.50%. 4.50%. 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. Lower breakpoints expected to save over $20 million for investors in first year. Dealer commissions for Class 529-A and ABLE-A shares Ongoing service fees Investments made below the $1 million breakpoint are immediately eligible for ongoing service fees. 2023 BlackRock, Inc. All rights reserved. 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. You could lose money by investing in Summit. Davidson & Co. ("DAD"), will receive all of the initial sales charge for purchases of Class A shares of the Fund without a dealer of record. If the particular fund family bases its breakpoint eligibility on different classes of shares that an investor may have purchased, then you have to take into account such purchases when calculating the applicable breakpoint discounts. 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. Discuss with your clients whether breakpoint discounts are available before they buy mutual fund shares. All rights reserved. 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 Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. 6. This includes accounts held directly with American Century and those held through a financial intermediary. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in these materials because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, and /or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. 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. 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. Refer to Statement of Additional Information for a list of retirement plan types. Thus, under a fund's ROA rules, an investor may aggregate holdings that he has 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. Youll need to send a letter of instruction along with a new account application, if needed. 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. American Century Investments may permit an intermediary to waive the initial minimum per shareholder as provided in Buying and Selling Fund Shares in the statement of additional information. 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. Non-investment-grade debt securities (high yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities. 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. The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. If a mutual fund offers breakpoint discounts, the breakpoint schedule will be listed in the fund's prospectus and statement of additional information. 4The following reallowance/placement fee to dealers will apply to most Multi-Asset Funds: 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 and above; BlackRock Balanced Capital / BlackRock Multi-Asset Income / BlackRock Dynamic High Income: 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 and above; BlackRock Tactical Opportunities: 0.75% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above; BlackRock Global Allocation: 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 and above; BlackRock Managed Income: 0.50% on $250,000 to $2,999,999, 0.25% on $3,000,000 to $14,999,999, 0.15% on $15,000,000 and above. Mutual fund prospectuses and statements of additional information also may be available online at a fund company's website. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and . Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies. 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. The Joint NASD/Industry Task Force recommended two changes to mutual fund confirmations that are intended to help investors determine whether they received all the breakpoints discounts to which they were entitled on each mutual fund transaction. Asset allocation strategies do not assure profit and do not protect against loss. 04/28/23. To purchase Nationwide funds, call 1-877-245-0761to talk to a specialist, or speak with your financial professional. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker-dealer, member of FINRA, SIPC and a Registered Investment Adviser. 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. To ensure that your clients receive all the discounts to which they are entitled under a mutual fund's ROA rules, you must understand the funds' ROA rules and gather information concerning your client's own holdings and the holdings of the appropriate related parties. However, the One Choice Target Date Portfolio I Class Funds are available to group employer sponsored retirement plans, with no initial minimums. 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. The following tables show how sales charges of class A shares vary across funds based on investment levels. In order to research eligibility for a breakpoint discount, FINRA has created a Fund Analyzer. 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. for more details as well as more information about dealer payments in general. In selecting investments for the Fund's portfolio, the Adviser utilizes a bottom-up approach, focusing on fundamental qualities of individual . Excludes American Funds Tax-Exempt Fund of New York, American High-Income Municipal Bond Fund, The Tax-Exempt Bond Fund of America and The Tax-Exempt Fund of California. 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. 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; 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. See the funds' prospectuses for more information. Some investors may qualify for a reduction or waiver of sales charges on the offering price. All dates and times are based on Central time. 6. 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. Class A UnitsPurchased with varying initial sales charges, depending on the fund and investment amount, and provide up-front commissions and ongoing trails that begin immediately. This additional sales charge represents the difference between the sales charge actually paid and the higher sales charge due. Investments may not exceed $1 million. Broker-dealer commissions include the following: Nationwide Loomis Core Bond Fund and Nationwide Loomis Short Term Bond Fund Class C sharesup-front payouts, trails and CDSC. . Terms and conditions Additionally, some mutual funds allow investors to use an LOI retroactively to include the value of past purchases in the LOI period. The Fund will generally remain fully invested, and under normal market conditions, the Fund's portfolio will consist of approximately 30 to 80 companies. 1 For purchases under $500,000, the 0.25% trail is effective immediately. Understand the terms upon which the mutual funds you sell offer breakpoint discounts. *Effective May 1, 2020, the fund was renamed to BlackRock Income Fund. 12.50. No sales charge applies on investments of $250,000 or more. The fund's prospectus or summary prospectus, which can be obtained by calling 1.800.345.2021, contains this and other information about the fund, and should be read carefully before investing. Please see the statement of additional information for details. Use the training services of our company to understand the risks before you start operations. DE These risks may be heightened for investments in emerging markets. March 04, 2021 News Release FINRA Sanctions Barclays Capital, Inc. $13.75 Million for Unsuitable Mutual Fund Transactions and Related Supervisory Failures December 29, 2015 News Release FINRA Sanctions 12 Firms a Total of $6.7 Million for Failing to Apply Sales Charge Discounts to Customers' Purchases of UITs October 20, 2015 Related Links Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. The dealer concession that Morgan Stanley receives from the UIT sponsor declines with larger purchases commensurate with the break- point reduction. The minimum initial investment amount is generally $5 million ($3 million for endowments and foundations) per fund. A statement of intention lets you take immediate advantage of the maximum quantity discount*available. Registered investment products (including mutual funds and ETFs) and collective investment trusts managed by Fidelity Management Trust Company (FMTC) are offered by Fidelity Distributors Company LLC (FDC LLC), a registered broker-dealer. Aggregation of participant IRA accounts under a SEP or SIMPLE IRA plan depend on the plan agreement selected by the plan sponsor. 3. Conversions will occur on the 15th of each month (if the 15th is not a business day, then the next business day thereafter). 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. The I, Y, R5, and R6 shares earn a. $1000.0000. Individual investors were turned away, and those who bought American funds through an intermediary often paid front-end sales charges of up to 5.75%. You could lose money by investing in the American Funds U.S. Government Money Market Fund. 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. 1. Align your investment choices with your personal values. capitalization of less than $2 billion). Employer-sponsored retirement plans may not invest in I Class shares, except that plans invested in the I Class prior to April 10, 2017 may make additional purchases. File a complaint about fraud or unfair practices. The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker dealers as a collective term. 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. 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. If you choose to buy Investor A shares, generally a sales charge is paid at the time of purchase. as at 31 December 2022. Sales charge information for this fund is included in the table showing funds that have a 2.50% maximum sales charge. 3 NAV purchases on most equity and multi-asset funds will be subject to a 1.00% charge if liquidated within 18 months of purchase.4The following reallowance/placement fee to dealers will apply to mostMulti-Asset Funds: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 and above;BlackRock Balanced Capital / BlackRock Multi-Asset Income / BlackRock Dynamic High Income: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 and above;BlackRock Tactical Opportunities:0.75% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above;BlackRock Global Allocation: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 and above;BlackRock Managed Income:0.50% on $250,000 to $2,999,999, 0.25% on $3,000,000 to $14,999,999, 0.15% on $15,000,000 and above. document.write(new Date().getFullYear()) Nationwide Mutual Insurance Company and affiliated companies, Privacy 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. Invesco SteelPath MLP Alpha Plus Fund Class C. 12.32. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. You may also have heard of it if you're investing in stocks, bonds or life insurance products, for example. For retail accounts established directly at the fund company, the initial and subsequent minimums are different. Only available to clients of certain intermediaries as defined in the latest program disclosure document which can be foundhere. 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. The fund may use derivatives to hedge its investments or to seek to enhance returns. Growth, value, blend, global sector, asset allocation funds, and 529 options - class A.

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