Mutual Funds FAQ
Minimum investment requirements differ based on the type of account held by the investor. For retirement accounts, such as Traditional, Roth, SEP amd SIMPLE IRAs, the minimum investment for most funds is $1,000.00. For non-retirement accounts, the minimum investment for most funds is $2,000.00.
The initial investment minimum is reduced to $100 when establishing a monthly Systematic Investment Plan for both non-retirement accounts and retirement accounts. This option requires a $100 initial investment and authorizes electronic drafts from the investor’s bank checking or savings account on a monthly basis.
It is important to note that certain funds may have a different investment minimum. Please review the Fund Overview for more specific information. To view the fund prospectus, go to our Fund Literature section and select Filter Literature. Under Literature Type, select Prospectus.
Mutual funds that carry front-end sales charges may offer discounts on those fees, depending on the size of the investment. The investment level at which the fund offers a discount is known as a breakpoint.
Each fund may offer several breakpoints, but generally, the bigger the investment, the bigger the discount. Breakpoints vary from fund company to fund company, and they are offered at each company's discretion.
View breakpoint schedule details in our Sales Charge/Commission Schedule.
The fees and expenses that an investor pays for buying and holding shares of a fund vary due to a variety of factors. To determine the fees and expenses associated with purchase and ownership of a fund, review its prospectus carefully. To view and print the prospectus, go to our Fund Literature section and select Filter Literature. Under Literature Type, select Prospectus. You can also elect to have it emailed or mailed to you.
It is important to note that there may be additional fees and expenses associated with having an IRA account that will not be included in a fund prospectus. For more information regarding these fees and expenses, please review the Traditional/Roth IRA Disclosure Statement and Custodial Account Agreement.
Since each individual’s investment goals are unique, there are no stock answers when considering the purchase of a Mutual Fund. For more information, please visit our Investor Goals page.
It may also be helpful to view our mutual fund literature. From our Fund Literature section, select Filter Literature. Under Fund Type, select Mutual Funds. You may also want to try some of our hypothetical tools to conduct additional research.
Unfortunately, portfolio managers are not available to respond to inquiries regarding specific securities. Instead, please contact us for further assistance.
A fund merger occurs when the assets of two mutual funds within the same family combine or merge. In such cases, the assets of one fund increase and the other fund is eliminated.
For example, if Fund A merges (or combines) with Fund B, the result of the merger is that Fund B includes more assets and Fund A is eliminated.
Fund mergers are usually not taxable events to the shareholder.