Is Ponax actively managed?

Management. The fund has been co-managed by Daniel Ivascyn since its inception and Alfred Murata since 2013. Both are Pimco veterans and manage a number of other funds for the company.

Does Ponax have a load?

No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund’s current prospectus.

Is Ponax a good buy?

PONAX bears a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance. PONAX is one of many Diversified Bonds funds to choose from. This fund has delivered a 5-year annualized total return of 5.61%, and it sits in the top third among its category peers.

What is breakpoint schedule?

Breakpoint schedules are levels set by the mutual fund that allows an investor to receive a sales load discount. Breakpoint discounts often begin at $25,000, with discounts increasing incrementally to a maximum level. Beyond the mutual fund’s maximum breakpoint level, investors will no longer incur sales load charges.

What does accumulation mean in a breakpoint schedule?

Most mutual funds will include accumulation privileges in their sales load and breakpoint schedules. Accumulation privileges allow an investor’s sales charge from a breakpoint schedule to be based on their total investment in the fund.

Who is responsible for breakpoint schedules for mutual funds?

Fund companies are responsible for structuring sales loads and breakpoint schedules. These fees and breakpoints are detailed in a fund’s prospectus and agreed upon by intermediaries. Most mutual funds will include accumulation privileges in their sales load and breakpoint schedules.

How are sales charges calculated on a breakpoint schedule?

Accumulation privileges allow an investor’s sales charge from a breakpoint schedule to be based on their total investment in the fund. For example, if the investor from above invests another $15,000 six months later, she would qualify for the same sales charge of 3.75% on the $15,000 transaction.

What do you need to know about a breakpoint sale?

Mutual fund companies with sales loads and breakpoint schedules typically also include provisions for a letter of intent. This documentation allows the investor to pledge a specified investment in the fund and receive the sales load fee for their comprehensive investment.