Rights of Accumulation

In loaded mutual funds, the right of a shareholder to a reduced load or sales fee when he/she purchases more than a certain a dollar amount of the mutual fund. The dollar amount is known as the breakpoint. For example, if the breakpoint for a certain mutual fund is $50,000, an investor has the right to reduce the load by, say, half when he/she invests more than $50,000 in the fund. It thus becomes advantageous for the investor to invest $50,000 instead of, say, $45,000, because this will entitle him/her to half the load for the entire investment, and not just for the amount invested past $50,000. Mutual funds that allow investors to buy at just below the breakpoint may run afoul of Financial Industry Regulatory Authority regulations. The right of accumulation is not limited to a single investment; an investor putting two tranches of $25,000 into the above mutual fund will usually find his excess load refunded.

单词	rights of accumulation
释义	Rights of Accumulation Rights of Accumulation In loaded mutual funds, the right of a shareholder to a reduced load or sales fee when he/she purchases more than a certain a dollar amount of the mutual fund. The dollar amount is known as the breakpoint. For example, if the breakpoint for a certain mutual fund is $50,000, an investor has the right to reduce the load by, say, half when he/she invests more than $50,000 in the fund. It thus becomes advantageous for the investor to invest $50,000 instead of, say, $45,000, because this will entitle him/her to half the load for the entire investment, and not just for the amount invested past $50,000. Mutual funds that allow investors to buy at just below the breakpoint may run afoul of Financial Industry Regulatory Authority regulations. The right of accumulation is not limited to a single investment; an investor putting two tranches of $25,000 into the above mutual fund will usually find his excess load refunded. AcronymsSeereturn on assets
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