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Mutual Funds Commissions
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The fees for Mutual Funds are as follows:
|
| Class A Commissions |
|
$5,000 <
$50,000
|
3.50%
|
|
$50,000 < $100,000
|
3.00%
|
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$100,000 < $300,000
|
2.50%
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$300,000 <
$500,000
|
2.00%
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$500,000 <
$1,000,000
|
1.50%
|
|
$1,000,000 +
|
1.00%
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This type of commission can either be deducted from the principal amount at the
of time of purchase, or if you prefer, it can be paid separately.
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Applies to both Fixed Income and Variable Income Funds.
|
| Class B Commissions - Variable
Income |
| TIME |
|
|
0
- 1
|
4.00%
|
|
1 - 2
|
3.00%
|
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2 - 3
|
2.00%
|
|
3 - 4
|
1.00% |
| 4 + |
0.00% |
|
| Class B Commissions - Fixed
Income
|
| TIME |
|
|
0 -
1
|
3.00%
|
|
1 - 2
|
2.00%
|
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2 - 3
|
1.00%
|
|
3 +
|
0.00% |
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These charges will be deducted by the fund administrator according to the Clase
B Commissions charts above.
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These charges will apply only if the original investment amount and any
subsequent future investments are reduced.
-
All earnings (if any) and paid dividends (if applicable) can be withdrawn
without penalty, as long as the investment amount is not less than the original
amount and the subsequent investments.
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