Income Fund Of America Breakpoints

The fund may invest up to 30 of assets in equities of companies outside the u s.

Income fund of america breakpoints. How breakpoints work when you purchase class a shares at or above a breakpoint you are entitled to pay a reduced front end sales charge. None of the other equity managers are leaving so that brings the total number of for this. When the group assets reach a breakpoint all plan participants benefit from the reduced sales charge. ǁ excludes american funds tax exempt fund of new york american high income municipal bond fund the tax exempt bond fund of america and the tax exempt fund of california.

That are denominated in u s. And up to 10 of assets in fixed income securities outside the u s. Information for these funds is included in the table showing funds that have a 3 75 maximum sales charge with a different sales charge schedule. American funds growth fund of america agthx is a large cap equity fund that focuses on capital growth.

1 this schedule is for all equity funds and also includes strategic allocation funds one choice funds and ac alternatives funds. Portfolio managers practice active stock selection. Participant accounts will not be linked with personal accounts. Using the american funds prototype sep or simple ira plan agreement will cause the participant account values to be aggregated for reduced sales charges on class a shares.

ǁ excludes american funds tax exempt fund of new york american high income municipal bond fund the tax exempt bond fund of america and the tax exempt fund of california. As of february 10 2020 the fund has. In the same fund family. For example suppose the prospectus says that a breakpoint occurs when you purchase 50 000 or more of class a.

On june 1 three equity portfolio managers were added to american funds income fund of america. 2 there is no front end sales charge for purchases of 1 000 000 or more but if you redeem your shares within one year of purchase you will be a deferred sales charge of 1 00 of the lower of the original purchase price or the current value at redemption subject.