Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i

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Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i

nvestment funds b a single individual who has an accumulated position in a fund and who is making an additional purchase c an investment club that purchases different mutual funds within the same fund family d an individual who purchases funds with different investment objectives in the same fund family review

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1 answer:

kogti [31] · Answer 1 · 2023-04-20T04:08:07+03:00

Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.

<h3>What is the investment?</h3>

Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation

In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.