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Mutual Fund Disclosures

BrokerageSelect has compiled a list of important facts and disclosures relating to mutual funds that should be taken into consideration when investing in mutual funds. BrokerageSelect makes no recommendation to buy or sell any particular fund nor do we advise clients on the suitability or specific aspects of any mutual fund.

  • Past performance is not an indication of future performance, and mutual fund values will fluctuate with changes in market conditions. Your investment may be worth more or less than your original cost when you redeem your shares.
  • Read the prospectus carefully before you invest in any mutual fund. It contains information on a fund's investment strategies, risks, expenses and fees.
  • Fund share prices will fluctuate and are priced daily. The value of your principal investment will fluctuate accordingly and may be worth more or less that your original investment.
  • As with any investment there are risks associated with investments in mutual funds and the risks will vary for every fund. You should invest in mutual funds that meet your investment objectives.
  • Management fees charged by the mutual fund company will vary for every fund and these charges may affect the performance of the fund.
  • Fund purchases may be subject to investment minimums, and all fund transactions are subject to acceptance by BrokerageSelect, Pershing LLC and/or the fund company. By entering a mutual fund transaction at BrokerageSelect, you acknowledge that you have received, read and understand the fund prospectus and the risks associated with the investment.

SALES CHARGES
Some mutual funds may impose a sales charge on the purchase of shares of the fund. These charges are known as a "sales load". You may also be able to purchase mutual fund shares without paying a sales load, although you may be charged a "back-end load" or a "contingent deferred sales charge" upon the sale or redemption of the shares. These charges may or may not be included in the fund's performance data. BrokerageSelect may receive all or part of a sales load in connection with your investment in the fund's shares. Please consult the fund's prospectus for more information.

12b-1 FEES
Some mutual funds impose a marketing distribution fee known as a "12b-1 fee". This fee is included in the computation of the fund's overall expense ratio and is reflected in the fund's performance data. BrokerageSelect may receive all or part of the 12b-1 fees in connection with your investment in the fund's shares. Please consult the fund's prospectus for more information.

TRANSACTION FEES
For mutual funds purchased through the BrokerageSelect and held at the firm’s custodian/clearing firm (Pershing LLC.), a transaction fee may be charged in addition to any sales charges included in the funds prospectus.


SHORT-TERM REDEMPTION FEES
Short-term trading of mutual funds by investors can adversely impact investor returns due to sales charges, redemption charges and other transaction fees. There are strict rules imposed by securities regulators, mutual fund companies, Pershing LLC and BrokerageSelect that prohibit frequent trading in a fund.


SALES IN CERTAIN STATES AND COUNTRIES
Some funds may not be available for sale in all states. The ability to buy a fund through this firm is not a representation that it is available in a particular state. Additionally, some mutual funds may not be available for sale outside of the United States. BrokerageSelect does not make any representation or guarantee regarding any state or country. Please contact the fund for further information.k.