Mutual Fund Share Classes. Many funds impose a sales charge at the time of purchase that is paid from and reduces the amount invested, while many others charge a fee at the time the shares are redeemed (sold). These charges are sometimes referred to as “loads.” The load will vary from fund company to fund company, and sometimes will vary within the same fund company. When purchasing mutual funds, choosing a share class is an important investment decision. The information below may help you decide which mutual fund share class is appropri- ate for you based upon your individual financial situation and investment time horizon. Generally, mutual funds are purchased in A and C share classes, although other classes may also be appropriate.
Mutual Fund Share Classes. A single mutual fund may offer more than one "class" of its shares to investors and you should discuss with your Financial Professional what share class may be appropriate for you. Each class represents a similar interest in the mutual fund's portfolio. The principal difference between the classes is that the mutual fund will charge you different fees and expenses depending upon the class that you 111111111111111 IIII11111111111111111 IIIIIIIII I Ill 446_07072020 recommendation is in your best interest, You agree to indemnify and hold us harmless from and against any loss, claim, damages or fees, including legal fees, we may incur as a result of our reliance on the information you have provided.
Mutual Fund Share Classes. Many funds impose a sales charge at the time of purchase that is paid from and reduces the amount invested, while many others charge a fee at the
Mutual Fund Share Classes. Before purchasing mutual funds, either directly with the fund company or through PSEC or another recordkeeper, you should review FINRA’S Understanding Mutual Fund Share Classes document. A link to this document is available at xxxxxxxxxx.xxx/xxxxxxxxxxx. Depending on the share class you select, you may be eligible for reduced sales charges under a Letter of Intent or Rights of Accumulation. If applicable, you must complete a PSEC Sales Charge Reduction Request Form. In accounts where you purchase mutual funds through a recordkeeper, including through PSEC, it may be possible to purchase funds from multiple fund companies within the account. However, it may not be in your best interest to do so. If purchasing Class A shares, purchasing funds from multiple fund companies may result in you paying a higher sales charge than you would have paid if funds had been purchased from a single company. Also, when transferring assets across fund companies, you may incur additional sales charges, regardless of the share class chosen. You must recognize that while it is possible to purchase funds from multiple fund companies within the account, it may not be in your best interest to do so. If purchasing Class A shares, purchasing funds from multiple fund companies may result in a you paying a higher sales charge than would have been paid if funds had been purchased from a single company. Also, when transferring assets across fund companies, you may incur additional sales charges, regardless of the share class chosen. You should review the hypothetical share class comparison in the Share Class Disclosure document, understand the choice of share classes, and make the choice that you feel is most appropriate; You may be eligible for reduced sales charges under a Letter of Intent or Rights of Accumulation. If applicable, you should complete a Sales Charge Reduction Request Form.
