This analysis is particularly relevant now that mutual funds have to explain the rationale for the choice of the advisory fees in their public filings. Design/methodology/approach – The paper summarizes data on advisory fees in the NSAR filings and uses regression analysis to examine the ...
Breakpoints for load mutual funds are the dollar amounts for the purchase of the fund's shares that qualifies the investor for a reduced sales charge. While common, not all funds offer ROAs, so check before purchasing if you plan to accumulate a sizable position. ...
DTCC: Improved Breakpoints in 2004.Reports that information services provider for financial services company Depository Trust & Clearing Corp. has set deadline for the year 2004 to enhance its primary fund services to help make discounts on mutual funds. Plan of the company for expanding its ...
In the survey, the adoption and customization of breakpoints have indicated the gap among mutual funds. On the other hand, The Securities and Exchange Commission have required mutual funds to increase their transparency.SlotaManagerWillManager
A breakpoint is the level or volume of investment at which up-front commissions on mutual-fund shares are reduced. Simply put, an investor is rewarded with a monetary discount when he or she purchases a certain amount of funds. The extent of the discount is based on the size of the ...
SEC Approves New Requirements for Investment Advisers and Mutual Funds: Code of Ethics and Front-End Sales Load Breakpoints DisclosureInvestment Management Practice Group
The reason for adding breakpoints to the advisor fee structure is to lower fees while assets under management increase. A filing with the U.S. Securities and Exchange Commission (SEC) also states that breakpoints have been added to the company's five MLP mutual funds.Jardine...