Hello, I moved an account from an advisor to a self directed SIMPLE. In this portfolio there are a bunch of UITs. Some are new, some are expiring soon. I've looked through them and am not thrilled w/ the return. Some are \~1% over a year, some are in the red. I have multiple other accounts that I self manage, mostly ETF and some mutual funds. I am considering selling these UITs in order to better align w/ my investment strategy. I'm looking at the prospectus for one fund and want to try to better understand what fees I may incur. Below is what the one lists, and i'm not sure A. if they list fees anywhere else or B. what exactly this mean.
I assume transaction sales charge is charged when initially purchased correct? Is deferred the fee after it sells? If I sell early? Am I going to be paying 1.85% regardless of when I sell? This seems mighty high for such mediocre performance of these UITs. Can you help me explain what Fee/Wrap Account sale charge and under what circumstances am I charged this fee? Same w/ the Deferred Sales Charge Schedule.
Thanks much guys,
Dave
>|| || | Standard Account Sales Charges \*|
>|| || |Transactional sales charges: Initial: 0.07% Deferred: 1.30% C&D Fee: 0.48% **Maximum Sales Charge:** 1.85%|CUSIP Type Distribution 30339Q622 Cash Semi-Annual 30339Q630 Reinvest Semi-Annual|
>|| || |\*\* Based on the offer price as of 02/13/2025 4:00pm ET\*|
>|| || | Fee/Wrap Account Sales Charges \*|
>|| || |C&D Fee: 0.49% **Maximum Sales Charge:** 0.49%|CUSIP Type Distribution 30339Q648 Cash-Fee Semi-Annual 30339Q655 Reinvest-Fee Semi-Annual|
>|| || |\*\* Based on the NAV price as of 02/13/2025 4:00pm ET\*|
>*In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.*
>|| || | Deferred Sales Charge Schedule|
>|| || |Amount Date $0.04500 April 17, 2025 $0.04500 May 20, 2025 $0.04500 June 20, 2025|Standard Account Sales Charges \*