Importance

Loading Importance Indicators...

Abstract

A system and method for administrating a fee structure for a fund class of shares is disclosed. The invention includes issuing shares in a newly created Q class within a mutual fund, providing a right of accumulation benefit having a discounted front end sales load for a larger of said total share investment, not charging a front end sales charge, converting a percentage of the purchased Q shares to A shares each year such that principal and dividends are withdrawn from the A class without a contingent deferred sales charge, charging a contingent deferred sales charge upon early redemption of the purchased shares which is based upon an amount of the redemption and declines each year, reinvesting dividends into the A shares at net asset value and compensating financial intermediaries similar to A shares.

Loading the Abstract Image...

First Claim