What are breakpoints in mutual funds?
A breakpoint is the dollar amount for the purchase of a load mutual fund’s shares that qualifies the investor for a reduced sales charge. Breakpoints allow for reduced fees for large purchases, which often benefit institutional investors.
Who allowed breakpoints?
Investors can qualify for breakpoints through a single purchase of Class A mutual fund shares, with a letter of intent (LOI) or through rights of accumulation (ROA).
Is breakpoint selling illegal?
Unfortunately, some brokers take advantage of investors and will try to intentionally push them away from available discounts. This is a direct violation of FINRA rule 2342 which prohibits a practice known as a ‘breakpoint’ sale.
What is Hartford mutual funds?
Hartford is a company that sells mutual funds with $138,509M in assets… Hartford is a company that sells mutual funds with $138,509M in assets under management. The average expense ratio from all mutual funds is 0.91%. 78.32% of all the mutual funds are no load funds. The oldest fund launched was in 1977.
What best describes a breakpoint?
A breakpoint sale is a violation of the Conduct Rules. It occurs when a broker permits a client to purchase shares in an amount immediately below the amount that would qualify the client for a discounted sales charge, without informing him of the breakpoint. Reference: 10.7. 5.1.
Which of the following customers is not allowed a breakpoint on mutual fund purchases?
Which of the following customers is NOT allowed a breakpoint on mutual fund purchases? Investment clubs cannot group purchases for a breakpoint, nor can investment advisers group their customers’ purchases.
What is a breakpoint sale violation?
A breakpoint sales violation occurs when a registered rep sells mutual fund shares to a customer in an amount just below the level at which the investor would qualify for the reduced sales change.
How many types of breakpoints are there?
There are two types of breakpoints: hardware breakpoints based on the processor hardware capabilities and software breakpoints. For both types of breakpoints, the debugger apparently takes similar actions. When a breakpoint is added, the debugger needs to know the address in which to insert the breakpoint.
How many Hartford Mutual funds outperform Morningstar?
SEE ALL RESULTS Source: Hartford Funds and Morningstar. As of 1/31/22. For the 1, 5, and 10-year periods, 30 out of 59, 34 out of 49, and 32 out of 40 products outperformed their respective Morningstar category averages. Based on Mutual Fund I-shares and Exchange Traded Funds (“ETFs”).
How long do Hartford Mutual fund managers stay at Hartford?
The oldest fund launched was in 1977. The average manager tenure for all managers at Hartford is 8.75 years. The company offers investors 77 mutual funds, in terms of the number of individual fund symbols. Get the lastest fund and ETF news in your inbox each week.
What is the average expense ratio of Hartford Mutual Funds?
Hartford is a company that sells mutual funds with $154,489M in assets under management. The average expense ratio from all mutual funds is 0.93%. 78.48% of all the mutual funds are no load funds. The oldest fund launched was in 1977.
Did the Hartford multifactor US equity ETF change its principal investment strategy?
See the Fund’s prospectus, as supplemented, for more information. Effective 9/11/19, the Hartford Multifactor US Equity ETF changed its principal investment strategy, custom underlying index and reference index. See the Fund’s prospectus, as supplemented, for more information.