Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
From inside the book
Results 1-5 of 100
Page 27
... sales loads charged by most of the load funds . With few exceptions , they range from 7.5 percent to 8.9 percent of ... sales load was 7.5 percent . Thus , during the 15 years from 1950 to 1965 the typical mutual fund sales load rose by ...
... sales loads charged by most of the load funds . With few exceptions , they range from 7.5 percent to 8.9 percent of ... sales load was 7.5 percent . Thus , during the 15 years from 1950 to 1965 the typical mutual fund sales load rose by ...
Page 28
... sales load . At the $ 1,120 level - the net amount invested by the median mutual fund purchaser after deducting the sales load - the exchange com- mission rate is 1.8 percent , less than one - fifth the typical mutual fund sales load ...
... sales load . At the $ 1,120 level - the net amount invested by the median mutual fund purchaser after deducting the sales load - the exchange com- mission rate is 1.8 percent , less than one - fifth the typical mutual fund sales load ...
Page 29
... sales load , although substantial , is only part of the sales - related expenses that mutual fund investors pay . In addition to the sales load , mutual fund shareholders bear the burden of the brokerage commissions that the funds pay ...
... sales load , although substantial , is only part of the sales - related expenses that mutual fund investors pay . In addition to the sales load , mutual fund shareholders bear the burden of the brokerage commissions that the funds pay ...
Page 34
... sales load problem is true in a most exaggerated form when we examine a situation that now exists in the sale of ... sales load , whether or not there is any sales activity involved or required . In many cases there is no sales activity ...
... sales load problem is true in a most exaggerated form when we examine a situation that now exists in the sale of ... sales load , whether or not there is any sales activity involved or required . In many cases there is no sales activity ...
Page 35
... sales load on shares he never bought so that the sales load on the amount he has actually invested is so high that in any other context it would be , in the words of section 22 of the act , " unconsionable or grossly excessive ...
... sales load on shares he never bought so that the sales load on the amount he has actually invested is so high that in any other context it would be , in the words of section 22 of the act , " unconsionable or grossly excessive ...
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Common terms and phrases
advisory fees amendment amount average banks broker-dealers brokerage capital gains Chairman COHEN Commission's committee common stock compensation competition Congress contractual plan corporate costs court dealers distribution dividends economic effect equity Exchange Commission fact fee rates fiduciary firms front-end load Fund Plan Sponsors fund sales fund's gross growth holders income investment adviser Investment Company Act Investment Company Institute legislation load funds management fees Massachusetts Investors Trust ment million mutual fund industry mutual fund investors Mutual Fund Plan mutual fund shares NASD net asset value paid payments percent performance period persons planholders portfolio president profits proposal purchase question reasonable reduced reinvestment sales charges sales load salesmen sample Section 22(d securities business selling Senator BENNETT Senator MCINTYRE Senator PROXMIRE Senator WILLIAMS statement Stock Exchange substantial survey tion transactions unaffiliated directors voluntary plan Wellington Fund York Stock Exchange