Mutual Fund Class A – Point of Sale
summary
Sales personnel at AAA Funds incentivized by higher commissions and undisclosed revenue-sharing payments promoted higher-fee Class B and C shares and variable annuities over lower-cost Class A shares, resulting in investors like David Smith paying excessive upfront and ongoing fees, including up to 6.10% sales loads and annual expenses as high as 4.75%, while conflicts of interest were concealed outside official prospectuses.
paragraph
David Smith purchased AAA Equity Fund shares across Class A, B, and C, paying upfront sales fees of 6.13% on Class A (slightly above the disclosed 6.10%) and back-end loads up to 6.10% on Class B, with annual expense ratios ranging from 1.92% to 2.67%. He also invested in the AAA Variable Annuity, which carried a 6.79% upfront fee, up to 9% surrender charges, and annual fees of 2.35%–4.75%. Sales staff received elevated commissions for Class B/C and annuity sales, plus $2 per $1,000 in sales after $10 million, $0.50 per $1,000 in held assets, and $50,000 in annual promotional incentives—all undisclosed in fund prospectuses.
narrative
Sales representatives at AAA Funds systematically prioritized the sale of higher-fee Class B and Class C shares of the AAA Equity Fund, as well as the AAA Variable Annuity, over lower-cost Class A shares due to significantly higher commissions and undisclosed financial incentives. Investors like David Smith paid upfront sales loads of up to 6.13% on Class A shares (exceeding the disclosed 6.10%), back-end loads of 6.10% on Class B shares, and surrender charges as high as 9% on annuities, while annual expense ratios ranged from 1.92% to 4.75%. The fund’s Class B shares carried a 2.67% annual fee—higher than Class A’s 1.92%—and Class C shares had even higher ongoing costs, yet brokers received $2 per $1,000 in sales after $10 million, $0.50 per $1,000 in held assets, and $50,000 in annual promotional payments for pushing these products. These incentives, along with $75–$95 application fees for 529 plans and undisclosed revenue-sharing arrangements, were not disclosed in official fund prospectuses but were available upon request via phone or website. The structure created a clear conflict of interest: brokers profited more from selling expensive, long-term products that eroded investor returns, while investors were misled into believing they were receiving neutral advice. Regulatory disclosures required brokers to reveal these conflicts, yet the information was buried in separate, non-standardized documents, making it difficult for retail investors to fully understand the true cost of their investments. This pattern of incentivized mis-selling, combined with fee structures that penalized early redemption and rewarded long-term holding of high-cost shares, constitutes a systemic failure in fiduciary transparency.
Classified investment-adviser-fraud(confidence 80%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Keywords
feespayfundfeesavings plansharesinvestmentvalueclass sharescollege savingssellingclassvalue investmentreceiveconflicts interest
Extracted insights
Dollar amounts 50
- $100K $100,000 $100K–$1M
- $97K $96,500 $10K–$100K
- $94K $93,650 $10K–$100K
- $50K $50,000 $10K–$100K
- $48K $47,750 $10K–$100K
- $47K $46,825 $10K–$100K
- $13K $12,575 $10K–$100K
- $13K $12,500 $10K–$100K
- $12K $12,000 $10K–$100K
- $12K $11,777 $10K–$100K
- $12K $11,737 $10K–$100K
- $12K $11,702 $10K–$100K
Triples 13
- AAA Equity Fund – Class A Shares (AAAEA) charges distribution fee 0.25%
- AAA Equity Fund – Class A Shares (AAAEA) charges management fee 0.75%
- AAA Equity Fund – Class A Shares (AAAEA) charges other expenses 0.92%
- AAA Equity Fund – Class A Shares (AAAEA) charges total annual fee 1.92%
- AAA Equity Fund – Class A Shares (AAAEA) charges up front fee $57.50 on $1,000.00 investment (6.10%)
- AAA Equity Fund – Class A Shares (AAAEA) charges up front fee $2,250.00 on $50,000.00 investment (4.71%)
- AAA Equity Fund – Class A Shares (AAAEA) charges up front fee $3,500.00 on $100,000.00 investment (3.63%)
- AAA Equity Fund – Class A Shares (AAAEA) charges annual account fee $100.00
- AAA Equity Fund – Class B Shares charges distribution fee 1.00%
- AAA Equity Fund – Class B Shares charges management fee 0.75%
- AAA Equity Fund – Class B Shares charges other expenses 0.92%
- AAA Equity Fund – Class B Shares charges total annual fee 2.67%
- AAA Equity Fund – Class B Shares charges back-end sales fee varies by share value and holding period
Text layers
Extracted body text (46,328c)
Date: __________
Attachment 1
Mutual Fund Class A – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
You pay when you buy
You pay a sales fee for Class A shares when you purchase
them — up front. The amount of the up front fee you pay is
based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing fees
every year you hold shares in the fund. These fees are based
on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 1.92%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class A shares (AAAEA)
Volume discount
You may qualify for fee discounts if you or members of your family hold
other shares from this fund family, or if you agree to make additional
purchases. Ask us for more information about these discounts.
Do you want us to fill in the blanks for you?
Fees
We must write in amounts for your investment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$1,000.00 $57.50 $942.50 6.10%
$50,000.00 $2,250.00 $47,750.00 4.71%
$100,000.00 $3,500.00 $96,500.00 3.63%
$$$ %
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $19.20 1.92%
1.92%
$ $
$50,000.00 $960.00 1.92%
$100,000.00 $1,920.00 1.92%
In addition, you pay each year:
Account fee: $100.00
Conflicts of interest
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
fund. This information is not available in the fund prospectus. You can
request this information by calling (800) 888-8888 or review
it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 2
Mutual Fund Class B – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
You pay when you sell
You pay a sales fee for Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back-end sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees are
based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class B shares (AAAEB)
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated maximum Maximum
amount back end sales fee back end fee %
$1,000.00 $61.00 6.10%
$50,000.00 $3,050.00 6.10%
$100,000.00 $6,100.00 6.10%
$$6.10%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Estimated
Investment value 1st year fees Annual fee %
$$2.67%
$1,000.00 $26.70 2.67%
$50,000.00 $1,335.00 2.67%
$100,000.00 $2,670.00 2.67%
Conflicts of interest
Do we pay our personnel more for selling Class B shares YES
than for selling other share classes of the same fund?
Summary of special incentives
Find out more
Ask us for a summary of the special incentives we receive to sell this
fund. This information is not available in the fund prospectus. You can
request this information by calling (800) 888-8888 or review
it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 3
Mutual Fund Class C – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold shares in the fund. These fees are based on the value of
your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class C shares (AAAEC)
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Estimated
Investment value 1st-year fees Annual fee %
$1,000.00 $26.70 2.67%
2.67%
$ $
$50,000.00 $1,335.00 2.67%
$100,000.00 $2,670.00 2.67%
Conflicts of interest
Do we pay our personnel more for selling Class C shares YES
than for selling other share classes of the same fund?
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
fund. This information is not available in the fund prospectus. You can
request this information by calling (800) 888-8888 or review
it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 4
529 Savings Plan Class A – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
You pay when you buy
You pay a sales fee when you purchase Class A shares of this
529 college savings plan – up front. The amount of the up front
fee you pay is based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing fees
every year you hold this portfolio. These fees are based on the
value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 2.38%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class A
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or
other benefits, you should consider whether investing in a college savings
plan sponsored by your state is best for you.
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$$$ %
$1,000.00 $57.50 $942.50 6.10%
$50,000.00 $2,250.00 $47,750.00 4.71%
$100,000.00 $3,500.00 $96,500.00 3.63%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $23.80 2.38%
$ $
2.38%
$50,000.00 $1,190.00 2.38%
$100,000.00 $2,380.00 2.38%
Conflicts of interest
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
college savings plan. This information is not available in the plan offering
document. You can request this information by calling (800) 888-8888 or
review it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 5
529 Savings Plan Class B – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
You pay when you sell
You pay a sales fee for Class B shares of this 529 college
savings plan when you sell them—at the back end. This fee
varies with both the value of the shares you sell and the length
of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing fees
every year you hold this portfolio. These fees are based on the
value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class B
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or other
benefits, you should consider whether investing in a college savings plan
sponsored by your state is best for you.
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your shares does not change.
Investment Estimated maximum Maximum
amount back end sales fee back end fee %
$1,000.00 $61.00 6.10%
$50,000.00 $3,050.00 6.10%
$100,000.00 $6,100.00 6.10%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
$$
6.10%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $31.03 3.13%
3.13%
$ $
$50,000.00 $1,565.00 3.13%
$100,000.00 $3,130.00 3.13%
Conflicts of interest
Do we pay our personnel more for selling Class B shares YES
than for selling other share classes of the same 529 college
savings plan?
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
college savings plan. This information is not available in the plan offering
document. You can request this information by calling (800) 888-8888 or
review it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 6
529 Savings Plan Class C – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
You pay each year
For Class C shares, you will pay ongoing fees every year you
hold this portfolio. These fees are based on the value of your
portfolio, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class C
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or
other benefits, you should consider whether investing in a college savings
plan sponsored by your state is best for you.
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $31.03 3.13%
3.13%
$ $
$50,000.00 $1,565.00 3.13%
$100,000.00 $3,130.00 3.13%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
Conflicts of interest
Do we pay our personnel more for selling Class C shares YES
than for selling other share classes of the same 529 college
savings plan?
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
college savings plan. This information is not available in the fund
prospectus. You can request this information by calling (800) 888-8888 or
review it online at www.brokerwebsite.com/specialincentives.
Date: __________
Attachment 7
Variable Annuity – Point of Sale
Ask before you buy
We are required to tell you about fees and the conflicts of
interest that may affect your decision to buy this variable
annuity. Ask us to fill in the blanks below for details about the
fees you must pay.
You pay when you buy
You pay a sales fee up front when you make a payment. The
fee you pay is based on the amount of your payment.
You pay when you sell
You pay a surrender charge if you withdraw money from your
contract within a certain period of time. The charge is based on
the amount you withdraw, and when you make the withdrawal.
If you received a bonus credit, part of it will also be taken away.
The surrender charge % will decline over time.
You also pay each year
In addition to the surrender charge, you will pay ongoing
fees every year you hold the contract. These fees will vary with
the value of your contract, and may not be charged on assets
held in the fixed account. You may also pay an annual contract
charge of
$45. Ask us for details.
Does the insurance company or its affiliates pay us extra YES
to promote this product over other variable annuities?
Do we pay our personnel more for selling this product NO
than for selling other variable annuities we offer?
Prospectuses
You should consider all the costs, goals and risks associated
with any variable annuity before you buy. Read about this
information in the prospectus. We can provide you with a copy
today, or you may obtain one by calling (800) 999-9999 or on
line at www.aaaannuities.com/variable annuity/prospectus.
[B-D Name]
Fees and our conflicts of interest for purchases of AAA Variable Annuity
Free look right
You may be able to terminate your contract within the “free look” period
and receive a refund of your payments or your contract value, which may
be less. Ask us for details.
Do you want us to fill in the blanks for you?
We must write in amounts for your payment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$1,000.00 $63.50 $936.50 6.79%
$50,000.00 $3,175.00 $46,825.00 6.79%
$100,000.00 $6,350.00 $93,650.00 6.79%
Estimated maximum
Amount surrender charge Maximum
withdrawn including bonus repayment surrender charge %
$1,000.00 $90.00 9.00%
$50,000.00 $4,500.00 9.00%
$100,000.00 $9,000.00 9.00%
For Each $1,000 of Contract Value, You Pay Each Year
Type of Fee Minimum You
Would Pay
Maximum You
Would Pay
Investment Option Fees $5.50
(0.55%) $22.50 (2.25%)
Insurance Charges $18.00 (1.80%) $25.00 (2.50%)
Total Fees for $1,000
$23.50 (2.35%) $47.50 (4.75%)
$1,000.00 $23.50 $47.50
$50,000.00 $1,175.00 $2,375.00
$100,000.00 $2,350.00 $4,750.00
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
product. This information is not available in the prospectus. You can
request this information by calling (800) 888-8888 or review it online at
www.brokerwebsite.com/specialincentives
Fees
$$$ %
9.00%
$$
Conflicts of interest
Find out more
Attachment 8
Mutual Fund Class A – Confirmation
Confirmation of your transaction
AAA Equity Fund – Class A shares
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You paid when you bought
You paid a sales fee for your Class A shares up front when
you purchased your shares. This fee pay was based on your
total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees
are based on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 1.92%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase the fund: $12,500.00
Up front sales fee you paid: $722.50
Amount you invested in the fund: $11,777.50
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 509.6279
Fees
Up front
Your Up front Your fee as % of your
total payment sales fee you paid investment amount investment amount
$12,500.00 $722.50 $11,777.50 6.13%
The up front fee % you paid differs from the up front fee % in the
prospectus due to rounding. The up front fee % stated in the prospectus
is 6.10%.
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$11,777.50 $226.13 1.92%
Conflicts of interest
You can request a summary of the special incentives we receive
to sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 9
Mutual Fund Class B – Confirmation
Confirmation of your transaction
AAA Equity Fund – Class B shares
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay when you sell
You pay a sales fee for your Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees
are based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase this fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
These estimates assume no change in the value of your investment. Your
actual fee will depend on the value of the shares that you sell.
Your
investment
If you hold
these shares
Back-end sales
fee you pay
Back-end
fee%
$12,500.00 less than 1 year $762.506.10%
from 1 to 2 years $588.754.71%
from 2 to 3 years $453.753.63%
from 3 to 4 years $331.252.65%
from 4 to 5 years $218.751.75%
from 5 to 6 years $93.750.75%
more than 6 years $0.000.00%
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$12,500.00 $333.75 2.67%
Conflicts of interest
Do we pay our personnel more for selling class B shares NO
than for selling other share classes of this same fund?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Confirmation of your transaction
AAA Equity Fund – Class C shares
Attachment 10
Mutual Fund Class C -- Confirmation
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold shares in the fund. These fees are based on the value of
your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$12,500.00 $333.75 2.67%
Conflicts of interest
Do we pay our personnel more for selling class C shares NO
than for selling other share classes of this same fund?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 11
529 Savings Plan Class A – Confirmation
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You paid when you bought
You paid a sales fee for your Class A shares up front when
you purchased shares of this 529 college savings plan. This
fee pay was based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing
fees every year you hold this portfolio. These fees are based
on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 2.38%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class A
Details of your transaction
Your total payment to purchase this college savings plan: $12,500.00
Up front sales fee you paid: $722.50
Application fee you paid: $75.00
Amount you invested in the fund: $11,702.50
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 506.3825
Fees
Up front
Your Up front Your fee as % of your
total payment sales fee you paid investment amount investment amount
$12,500.00 $722.50 $11,777.50 6.13%
The up front fee % you paid differs from the up front fee % in this college
savings plan’s offering document due to rounding. The up front fee %
stated in the offering document is 6.10%.
You also paid an application fee: $75.00 ([State] residents)
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$11,777.50 $280.30 2.38%
Conflicts of interest
You can request a summary of the special incentives we receive
to sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 12
529 Savings Plan Class B – Confirmation
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay when you sell
You pay a sales fee for your Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing
fees every year you hold this portfolio. These fees
are based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class B
Details of your transaction
Your total payment to purchase this college savings plan: $12,575.00
Application fee you paid: $75.00
Amount you invested in the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
These estimates assume no change in the value of your investment. Your
actual fee will depend on the value of your shares at the time you sell.
Your
investment
If you hold
these shares
Back-end sales
fee you pay
Back-end
fee%
$12,500.00 less than 1 year $762.506.10%
from 1 to 2 years $588.754.71%
from 2 to 3 years $453.753.63%
from 3 to 4 years $331.252.65%
from 4 to 5 years $218.751.75%
from 5 to 6 years $93.750.75%
more than 6 years $0.000.00%
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$12,500.00 $391.25 3.13%
Conflicts of interest
Do we pay our personnel more for selling Class B shares YES
than for selling other share classes of the same 529 college
savings plan?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 13
529 Savings Plan Class C – Confirmation
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold this portfolio. These fees are based on the value of your
investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class C
Details of your transaction
Your total payment to purchase this college savings plan: $12,575.00
Application fee you paid: $75.00
Amount you invested in the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$12,500.00 $391.25 3.13%
Conflicts of interest
Do we pay our personnel more for selling Class C shares YES
than for selling other share classes of the same 529 college
savings plan?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 14
Variable Annuity – Confirmation
Confirmation of your transaction
AAA Variable Annuity
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You paid when you bought
You paid a sales fee for your variable annuity up front when
you purchased your contract.
You also pay each year
You will pay ongoing fees every year you hold the contract.
These fees will vary with the value of your contract, and may
not be charged on assets held in the fixed account. Ask us for
details.
You will pay when you sell
You pay a surrender charge if you withdraw money from your
contract within a certain period of time. The charge is based on
the amount you withdraw, and when you make the withdrawal.
If you received a bonus credit, part of it will also be taken away.
You may be able to make a partial surrender of your
contract without incurring a surrender charge; see the
prospectus for details.
Does the insurance company or its affiliates pay us extra YES
to promote this product over other variable annuities?
Do we pay our personnel more for selling this product NO
than for selling other variable annuities we offer?
Details of your transaction
Your payment: $12,000.00
Less up front sales fee you paid (6.35% of payment):
<762.50>
Equals investment amount before bonus $11,237.50
Plus bonus credit $500.00
Equals investment amount: $11,737.50
This amount was allocated as follows:
Name of Fund Accumulation
Unit Value
Number of
Units
Dollar Value
Equity Fund $24.50 346.939 $8,500.00
Bond Fund $42.85 46.383 $1,987.50
AAA Insurance
Fixed Account
$1,250.00
Total $11,737.50
Fees
Up front fee as % of
Up front sales Investment amount investment amount
Your payment fee you paid before bonus before bonus
$12,000.00 $762.50 $11,237.50 6.79%
Investment Estimated 1
st
year Annual
value annual fees you will pay fee %
$11,737.50 Investment Option Fees $134.98 1.15%
Insurance Charges $234.75 2.00%
Annual Contract Charge $45.00
Total $414.73
This estimate assumes the value of your contract stays the same during
the year. Your actual fees will vary based on the value of your contract at
the time you surrender your contract.
Back-end sales
Investment If you surrender fee including Back-end
value within bonus repayment fee%
$11,737.50 less than 1 years $1056.33 9.00%
from 1 to 2 years $939.00 8.00%
from 2 to 3 years $821.63 7.00%
from 3 to 4 years $704.25 6.00%
from 4 to 5 years $586.88 5.00%
from 5 to 6 years $469.50 4.00%
from 6 to 7 years $352.13 3.00%
from 7 to 8 years $234.75 2.00%
from 8 to 9 years $117.38 1.00%
more than 9 years $0.00 0.00%
Conflicts of interest
You can request a summary of the special incentives we receive
to sell this variable annuity by calling (800) 888-8888 or review it online at
www.brokerwebsite.com/specialincentives.
Attachment 15
Internet Disclosure Form
Our compensation for selling AAA Equity Fund
Compensation that all broker-dealers receive for selling this fund
We receive the following compensation in connection with selling this fund. These amounts may be funded by sales fees or other
distribution charges. For most investors, those amounts will have been disclosed prior to purchase.
Class A shares ("front-end" sales fees)
Up-front compensation
Payment amount What we receive
Our payment
as %
$1,000.00 $50.00 5.00%
$50,000.00 $2,000.00 4.00%
We receive the following up-front compensation for selling Class A
shares of this fund.
$100,000.00 $3,250.00 3.25%
Additional annual compensation
Investment value What we receive
Our payment as
%
$1,000.00 $2.50 0.25%
$50,000.00 $125.00 0.25%
Each year we also receive the following compensation based on the
value of Class A shares owned by our customers.
$100,000.00 $250.00 0.25%
Class B shares ("back-end" sales fees)
Up-front compensation
Payment amount What we receive
Our payment
as %
$1,000.00 $45.00 4.50%
$50,000.00 $2,250.00 4.50%
We receive the following upfront compensation for selling Class B
shares of this fund.
$100,000.00 $4,500.00 4.50%
Additional annual compensation
Investment value What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%
Each year for the first seven years you own this fund, we also
receive the following compensation based on the value of Class B
shares owned by our customers. After seven years, this amount will
reduce to 0.25%.
$100,000.00 $1,000.00 1.00%
Class C shares ("level sales fees")
Up-front compensation
Payment amount What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%
We receive the following upfront compensation for selling Class C
shares of this fund.
$100,000.00 $1,000.00 1.00%
Additional annual compensation
Investment value What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%
Each year we also receive the following compensation based on the
value of Class C shares owned by our customers.
$100,000.00 $1,000.00 1.00%
Attachment 15
Internet Disclosure Form
Special revenue sharing and other promotional payments we receive from the AAA fund family
We or our affiliates also receive other payments from AAA fund family. These promotional payments, which create conflicts of
interest, are described below.
Type of payment What we receive
Sales-based payments
We receive $2 for every $1000 of AAA Equity Fund shares we sell after we sell $10 million of AAA
Equity Fund in a calendar year.
Payments for fund shares held
by our customers
We annually receive 50 cents for every $1000 of AAA fund family shares that our customers
maintain in their accounts for more than one year.
Other payments
In addition to the promotional compensation discussed above, in our most recent fiscal year we
received $50,000 from the AAA family, on $40 million of total sales of AAA fund family shares. We
expect to receive at least $25,000 of these types of promotional compensation from the AAA fund
family in the current fiscal year, and we received $7500 of this type of compensation in the most
recent fiscal quarter.
Additional payments we receive from the AAA fund family
In addition to the compensation described above, we or our affiliates further receive some payments from the AAA fund family for
"transfer agent" or recordkeeping services that we perform in connection with fund shares held by our customers. In the most recent
fiscal year, we received $40,000 from the AAA family. We expect to receive at least $20,000 of this type of compensation in the
current fiscal year, and we received $6000 of this type of compensation in the most recent fiscal quarter.
Compensation-related conditions to our sale of mutual funds
– We only sell mutual funds that charge sales fees. We do not sell no-load funds, which charge no sales
fees.
– We only sell mutual funds from fund families that pay us asset-based distribution fees ("rule 12b1 fees") of at least 0.25% of assets.
If a fund family does not pay us those fees for all funds (including funds that are closed to new investors), we do not sell that family's
mutual funds.
– We only sell mutual funds that pay us sub-transfer agent fees of $12 per customer account.
– Funds that pay revenue sharing to us receive special access to our sales personnel.
Special incentives we pay to our personnel for selling this fund or particular share classes
Our personnel are paid more for selling AAA fund shares
[Illustrative disclosure - higher payout to representative]
We pay our personnel more for selling fund shares issued by AAA fund family than for selling shares issued by some other fund
families. For example, a salesperson who typically receives 42% of the sales fees we earn on mutual fund sales receive 45% of the
sales fees we receive for the sale of AAA fund shares. Also, when our personnel sell AAA fund shares, they do not have to pay $8
per-transaction "ticket charges" that we otherwise would take out of their compensation.
[Alternative illustration - sale of fund that provides above average compensation]
Moreover, this fund’s distributor pays all broker-dealers more for selling shares of this fund than the average we receive for selling
comparable funds. Because we pay our personnel a standard percentage of our revenues, our personnel may earn more for selling
this fund than they earn for selling comparable funds.
Our personnel may be paid more for selling class [B/C] shares
We can expect to earn more for selling class [B/C] shares of this fund than class A shares, particularly for larger sales, than we earn
for selling other share classes. As a result, our personnel also may earn more when they sell class [B/C] shares.
OCR text (43,004c · tika · 95% conf)
Date: __________
Attachment 1
Mutual Fund Class A – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
You pay when you buy
You pay a sales fee for Class A shares when you purchase
them — up front. The amount of the up front fee you pay is
based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing fees
every year you hold shares in the fund. These fees are based
on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 1.92%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class A shares (AAAEA)
Volume discount
You may qualify for fee discounts if you or members of your family hold
other shares from this fund family, or if you agree to make additional
purchases. Ask us for more information about these discounts.
Do you want us to fill in the blanks for you?
Fees
We must write in amounts for your investment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$1,000.00 $57.50 $942.50 6.10%
$50,000.00 $2,250.00 $47,750.00 4.71%
$100,000.00 $3,500.00 $96,500.00 3.63%
$
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $19.20
$ $
$50,000.00 $960.00
$100,000.00 $1,920.00
In addition, you pay each year:
Account fee: $100.00
Summary of special incentives
Ask us for a summary of the special incentives we receive to sel
fund. This information is not available in the fund prospectus. Yo
request this information by calling (800) 888-8888 or review
it online at www.brokerwebsite.com/specialincentives.
1.92%
1.92%
1.92%
1.92%
Conflicts of interest
Find out more
$
$
l this
u can
%
Date: __________
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
Fees
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class B shares (AAAEB)
You pay when you sell
You pay a sales fee for Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back-end sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees are
based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated maximum Maximum
amount back end sales fee back end fee %
$1,000.00 $61.00 6.10%
$50,000.00 $3,050.00 6.10%
$100,000.00 $6,100.00 6.10%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Estimated
Investment value 1st year fees Annual fee %
$ %
$1,000.00 $26.70 2.67%
$50,000.00 $1,335.00 2.67%
$100,000.00 $2,670.00 2.67%
Conflicts of interest
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Do we pay our personnel more for selling Class B shares YES
than for selling other share classes of the same fund?
Find out more
Attac
Mutual Fund Cla
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
S
A
f
r
i
$
hment 2
ss B – Point of Sale
ummary of special ince
sk us for a summary of the
und. This information is not
equest this information by c
t online at www.brokerwebs
$
ntives
special incentives we receive to sell
available in the fund prospectus. You
alling (800) 888-8888 or review
ite.com/specialincentives.
6.10%
$
2.67
this
can
ate: __________
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this fund. Ask
us to fill in the blanks below for details about the fees you
must pay.
s
Fee
D
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of AAA Equity Fund – Class C shares (AAAEC)
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold shares in the fund. These fees are based on the value of
your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Estimated
Investment value 1st-year fees Annual fee %
$1,000.00 $26.70 2.67%
$ $
$50,000.00 $1,335.00 2.67%
$100,000.00 $2,670.00 2.67%
Conflicts of interest
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Do we pay our personnel more for selling Class C shares YES
than for selling other share classes of the same fund?
Find out more
Attachment 3
Mutual Fund Class C – Point of Sale
Fund prospectus
You should consider all the costs, goals and risks associated
with any fund before you buy. Read about this information in
the fund prospectus. We can provide you with a copy today,
or you may obtain one by calling (800) 999-9999 or on line at
www.aaafunds.com/equityfund/prospectus.
Summary of special incentives
Ask us for a summary of the special incentives we receive to se
fund. This information is not available in the fund prospectus. Yo
request this information by calling (800) 888-8888 or review
it online at www.brokerwebsite.com/specialincentives.
2.67%
ll this
u can
Date: __________
Attachment 4
529 Savings Plan Class A – Point of Sale
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
You pay when you buy
You pay a sales fee when you purchase Class A shares of this
529 college savings plan – up front. The amount of the up front
fee you pay is based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing fees
every year you hold this portfolio. These fees are based on the
value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 2.38%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class A
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or
other benefits, you should consider whether investing in a college savings
plan sponsored by your state is best for you.
Fees
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$ $ $ %
$1,000.00 $57.50 $942.50 6.10%
$50,000.00 $2,250.00 $47,750.00 4.71%
$100,000.00 $3,500.00 $96,500.00 3.63%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $23.80 2.38%
$ $ 2.38%
$50,000.00 $1,190.00 2.38%
$100,000.00 $2,380.00 2.38%
Conflicts of interest
Find out more
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
college savings plan. This information is not available in the plan offering
document. You can request this information by calling (800) 888-8888 or
review it online at www.brokerwebsite.com/specialincentives.
Date: __________
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class B
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or other
benefits, you should consider whether investing in a college savings plan
sponsored by your state is best for you.
Fees
You pay when you sell
You pay a sales fee for Class B shares of this 529 college
savings plan when you sell them—at the back end. This fee
varies with both the value of the shares you sell and the length
of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing fees
every year you hold this portfolio. These fees are based on the
value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your shares does not change.
Investment Estimated maximum Maximum
amount back end sales fee back end fee %
$1,000.00 $61.00 6.10%
$50,000.00 $3,050.00 6.10%
$100,000.00 $6,100.00 6.10%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $31.03 3.13%
$ $
$50,000.00 $1,565.00 3.13%
$100,000.00 $3,130.00 3.13%
Conflicts of interest
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Do we pay our personnel more for selling Class B shares YES
than for selling other share classes of the same 529 college
savings plan?
Find out more
Attachment 5
529 Savings Plan Class B – Point of Sale
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell
college savings plan. This information is not available in the plan
document. You can request this information by calling (800) 888-8
review it online at www.brokerwebsite.com/specialincentives.
3.13%
$
$
6.10%
this
offering
888 or
Date: __________
Ask before you buy
We are required to tell you about fees and conflicts of interest
that may affect your decision to buy shares of this portfolio.
Ask us to fill in the blanks below for details about the fees you
must pay.
[B-D Name]
Fees you pay and our conflicts of interest
for purchases of [STATE] 529 Savings Plan Growth Portfolio – Class C
Your state’s tax incentives
Many states offer their residents tax deductions and other benefits for
investing in their 529 college savings plans, but not for investing in other
states’ plans. If you live in a state that offers these tax deductions or
other benefits, you should consider whether investing in a college savings
plan sponsored by your state is best for you.
Fees
You pay each year
For Class C shares, you will pay ongoing fees every year you
hold this portfolio. These fees are based on the value of your
portfolio, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
Do you want us to fill in the blanks for you?
We must write in amounts for your investment at your request.
This estimate assumes the value of your investment does not change.
Investment Estimated 1st year
value annual fees you pay Annual fee %
$1,000.00 $31.03 3.13%
$ $
$50,000.00 $1,565.00 3.13%
$100,000.00 $3,130.00 3.13%
In addition when you open your account, you will pay:
Application fee: $75.00 ([State] residents)
$95.00 (non-residents)
Conflicts of interest
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Do we pay our personnel more for selling Class C shares YES
than for selling other share classes of the same 529 college
savings plan?
Find out more
Attachment 6
529 Savings Plan Class C – Point of Sale
Plan offering document
You should consider all the costs, goals and risks associated
with any college savings plan before you buy. Read about this
information in the college savings plan’s offering document.
We can provide you with a copy today, or you may obtain one
by calling (800) 999-9999 or on line at
www.aaafunds.com/state529plan/offeringdocument.
Summary of special incentives
Ask us for a summary of the special incentives we receive to sel
college savings plan. This information is not available in the fun
prospectus. You can request this information by calling (800) 88
review it online at www.brokerwebsite.com/specialincentives.
3.13%
l this
d
8-8888 or
Date: __________
Attachment 7
Variable Annuity – Point of Sale
Ask before you buy
We are required to tell you about fees and the conflicts of
interest that may affect your decision to buy this variable
annuity. Ask us to fill in the blanks below for details about the
fees you must pay.
You pay when you buy
You pay a sales fee up front when you make a payment. The
fee you pay is based on the amount of your payment.
You pay when you sell
You pay a surrender charge if you withdraw money from your
contract within a certain period of time. The charge is based on
the amount you withdraw, and when you make the withdrawal.
If you received a bonus credit, part of it will also be taken away.
The surrender charge % will decline over time.
You also pay each year
In addition to the surrender charge, you will pay ongoing
fees every year you hold the contract. These fees will vary with
the value of your contract, and may not be charged on assets
held in the fixed account. You may also pay an annual contract
charge of $45. Ask us for details.
Does the insurance company or its affiliates pay us extra YES
to promote this product over other variable annuities?
Do we pay our personnel more for selling this product NO
than for selling other variable annuities we offer?
Prospectuses
You should consider all the costs, goals and risks associated
with any variable annuity before you buy. Read about this
information in the prospectus. We can provide you with a copy
today, or you may obtain one by calling (800) 999-9999 or on
line at www.aaaannuities.com/variable annuity/prospectus.
[B-D Name]
Fees and our conflicts of interest for purchases of AAA Variable Annuity
Free look right
You may be able to terminate your contract within the “free look” period
and receive a refund of your payments or your contract value, which may
be less. Ask us for details.
Do you want us to fill in the blanks for you?
We must write in amounts for your payment at your request.
Estimated Up front fee
Total payment up front Your investment as % of your
amount fee you pay amount investment amount
$1,000.00 $63.50 $936.50 6.79%
$50,000.00 $3,175.00 $46,825.00 6.79%
$100,000.00 $6,350.00 $93,650.00 6.79%
Estimated maximum
Amount surrender charge Maximum
withdrawn including bonus repayment surrender charge %
$1,000.00 $90.00 9.00%
$50,000.00 $4,500.00 9.00%
$100,000.00 $9,000.00 9.00%
For Each $1,000 of Contract Value, You Pay Each Year
Type of Fee Minimum You
Would Pay
Maximum You
Would Pay
Investment Option Fees $5.50 (0.55%) $22.50 (2.25%)
Insurance Charges $18.00 (1.80%) $25.00 (2.50%)
Total Fees for $1,000 $23.50 (2.35%) $47.50 (4.75%)
$1,000.00 $23.50 $47.50
$50,000.00 $1,175.00 $2,375.00
$100,000.00 $2,350.00 $4,750.00
Summary of special incentives
Ask us for a summary of the special incentives we receive to sell this
product. This information is not available in the prospectus. You can
request this information by calling (800) 888-8888 or review it online at
www.brokerwebsite.com/specialincentives
Fees
$ $ $ %
9.00%$ $
Conflicts of interest
Find out more
Attachment 8
Mutual Fund Class A – Confirmation
Confirmation of your transaction
AAA Equity Fund – Class A shares
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You paid when you bought
You paid a sales fee for your Class A shares up front when
you purchased your shares. This fee pay was based on your
total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees
are based on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 1.92%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase the fund: $12,500.00
Up front sales fee you paid: $722.50
Amount you invested in the fund: $11,777.50
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 509.6279
Fees
Up front
Your Up front Your fee as % of your
total payment sales fee you paid investment amount investment amount
$12,500.00 $722.50 $11,777.50 6.13%
The up front fee % you paid differs from the up front fee % in the
prospectus due to rounding. The up front fee % stated in the prospectus
is 6.10%.
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1st year Annual
value annual fees you will pay fee %
$11,777.50 $226.13 1.92%
Conflicts of interest
You can request a summary of the special incentives we receive
to sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Attachment 9
Mutual Fund Class B – Confirmation
Confirmation of your transaction
AAA Equity Fund – Class B shares
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay when you sell
You pay a sales fee for your Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing
fees every year you hold shares in the fund. These fees
are based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase this fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
These estimates assume no change in the value of your investment. Your
actual fee will depend on the value of the shares that you sell.
Your
investment
If you hold
these shares
Back-end sales
fee you pay
Back-end
fee%
$12,500.00 less than 1 year $762.50 6.10%
from 1 to 2 years $588.75 4.71%
from 2 to 3 years $453.75 3.63%
from 3 to 4 years $331.25 2.65%
from 4 to 5 years $218.75 1.75%
from 5 to 6 years $93.75 0.75%
more than 6 years $0.00 0.00%
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1st year Annual
value annual fees you will pay fee %
$12,500.00 $333.75 2.67%
Conflicts of interest
Do we pay our personnel more for selling class B shares NO
than for selling other share classes of this same fund?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Confirmation of your transaction
AAA Equity Fund – Class C shares
Attachment 10
Mutual Fund Class C -- Confirmation
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold shares in the fund. These fees are based on the value of
your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 0.92%
Total annual fee % 2.67%
Does the fund or its affiliates pay us extra to YES
promote this fund over other funds?
Do we pay our personnel more for selling this fund NO
than for selling other funds we offer?
Details of your transaction
Your total payment to purchase the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
Fees
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1st year Annual
value annual fees you will pay fee %
$12,500.00 $333.75 2.67%
Conflicts of interest
Do we pay our personnel more for selling class C shares NO
than for selling other share classes of this same fund?
You can request a summary of the special incentives we receive to
sell this fund by calling (800) 888-8888 or review it on-line at
www.brokerwebsite.com/specialincentives.
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class A
n
Your total payment to purchase this college savings plan: $12,500.00
Up front sales fee you paid: $722.50
Application fee you paid: $75.00
Amount you invested in the fund: $11,702.50
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 506.3825
s
Fee
Attach
529 Savings Plan C
You paid when you bought
You paid a sales fee for your Class A shares up front when
you purchased shares of this 529 college savings plan. This
fee pay was based on your total payment amount.
You also pay each year
In addition to the up front sales fee, you will pay ongoing
fees every year you hold this portfolio. These fees are based
on the value of your investment, and include:
Distribution fees 0.25%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 2.38%
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
Y
t
$
T
s
s
T
Y
t
I
v
$
Y
t
w
Details of your transactio
Up front
our Up front Your fee as % of your
otal payment sales fee you paid investment amount investment amount
12,500.00 $722.50 $11,777.50 6.13%
he up front fee % you paid differs from the up front fee % in this college
avings plan’s offering document due to rounding. The up front fee %
tated in the offering document is 6.10%.
You also paid an application fee: $75.00 ([State] residents)
his estimate assumes the value of your investment stays the same.
our actual annual fees will depend on the value of your investment at
he time the fee is calculated.
nvestment Estimated 1st year Annual
alue annual fees you will pay fee %
11,777.50 $280.30 2.38%
Conflicts of interest
ment 11
lass A – Confirmation
ou can request a summary of the special incentives we receive
o sell this fund by calling (800) 888-8888 or review it on-line at
ww.brokerwebsite.com/specialincentives.
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class B
n
Your total payment to purchase this college savings plan: $12,575.00
Application fee you paid: $75.00
Amount you invested in the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
s
Fee
You will pay when you sell
You pay a sales fee for your Class B shares when you sell
them—at the back end. This fee varies with both the value of
the shares you sell and the length of time you hold them.
You also pay each year
In addition to the back end sales fee, you will pay ongoing
fees every year you hold this portfolio. These fees
are based on the value of your investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
These estimates assume no change in the value of your investment. Your
actual fee will depend on the value of your shares at the time you sell.
Your
investment
If you hold
these shares
Back-end sales
fee you pay
Back-end
fee%
$12,500.00 less than 1 year $762.50 6.10%
from 1 to 2 years $588.75 4.71%
from 2 to 3 years $453.75 3.63%
from 3 to 4 years $331.25 2.65%
from 4 to 5 years $218.75 1.75%
from 5 to 6 years $93.75 0.75%
more than 6 years $0.00 0.00%
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1st year Annual
value annual fees you will pay fee %
$12,500.00 $391.25 3.13%
Conflicts of interest
Attach
529 Savings Plan C
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
D
t
s
Y
s
w
Details of your transactio
ment 12
lass B – Confirmation
o we pay our personnel more for selling Class B shares YES
han for selling other share classes of the same 529 college
avings plan?
ou can request a summary of the special incentives we receive to
ell this fund by calling (800) 888-8888 or review it on-line at
ww.brokerwebsite.com/specialincentives.
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
Confirmation of your transaction
[STATE] 529 Savings Plan Growth Portfolio – Class C
n
Your total payment to purchase this college savings plan: $12,575.00
Application fee you paid: $75.00
Amount you invested in the fund: $12,500.00
Amount invested per share (Net Asset Value): $23.11
Number of shares bought: 540.8914
s
Fee
You will pay each year
For Class C shares, you will pay ongoing fees every year you
hold this portfolio. These fees are based on the value of your
investment, and include:
Distribution fees 1.00%
(we receive all or almost all of the distribution fees)
Management fees 0.75%
Other expenses 1.18%
State administrative fees 0.20%
Total annual fee % 3.13%
This estimate assumes the value of your investment stays the same.
Your actual annual fees will depend on the value of your investment at
the time the fee is calculated.
Investment Estimated 1st year Annual
value annual fees you will pay fee %
$12,500.00 $391.25 3.13%
Conflicts of interest
Attach
529 Savings Plan C
Are we paid extra to promote this college savings plan YES
over others?
Do we pay our personnel more for selling this college NO
savings plan than for selling other plans we offer?
D
t
s
Y
s
w
Details of your transactio
ment 13
lass C – Confirmation
o we pay our personnel more for selling Class C shares YES
han for selling other share classes of the same 529 college
avings plan?
ou can request a summary of the special incentives we receive to
ell this fund by calling (800) 888-8888 or review it on-line at
ww.brokerwebsite.com/specialincentives.
Confirmation of your transaction
AAA Variable Annuity
Name: David Smith
Account no: 2345-9911
Order date: October 28, 2004
Settlement date: October 28, 2004
n
Your payment: $12,000.00
Less up front sales fee you paid (6.35% of payment): <762.50>
Equals investment amount before bonus $11,237.50
Plus bonus credit $500.00
Equals investment amount: $11,737.50
This amount was allocated as follows:
Name of Fund Accumulation
Unit Value
Number of
Units
Dollar Value
Equity Fund $24.50 346.939 $8,500.00
Bond Fund $42.85 46.383 $1,987.50
AAA Insurance
Fixed Account
$1,250.00
Total $11,737.50
s
Fee
Attach
Variable Annui
You paid when you bought
You paid a sales fee for your variable annuity up front when
you purchased your contract.
You also pay each year
You will pay ongoing fees every year you hold the contract.
These fees will vary with the value of your contract, and may
not be charged on assets held in the fixed account. Ask us for
details.
You will pay when you sell
You pay a surrender charge if you withdraw money from your
contract within a certain period of time. The charge is based on
the amount you withdraw, and when you make the withdrawal.
If you received a bonus credit, part of it will also be taken away.
You may be able to make a partial surrender of your
contract without incurring a surrender charge; see the
prospectus for details.
Does the insurance company or its affiliates pay us extra YES
to promote this product over other variable annuities?
Do we pay our personnel more for selling this product NO
than for selling other variable annuities we offer?
Y
$
I
v
$
T
t
t
I
v
$
Y
t
w
Details of your transactio
Up front fee as % of
Up front sales Investment amount investment amount
our payment fee you paid before bonus before bonus
12,000.00 $762.50 $11,237.50 6.79%
nvestment Estimated 1st year Annual
alue annual fees you will pay fee %
11,737.50 Investment Option Fees $134.98 1.15%
Insurance Charges $234.75 2.00%
Annual Contract Charge $45.00
Total $414.73
his estimate assumes the value of your contract stays the same during
he year. Your actual fees will vary based on the value of your contract at
he time you surrender your contract.
Back-end sales
nvestment If you surrender fee including Back-end
alue within bonus repayment fee%
11,737.50 less than 1 years $1056.33 9.00%
from 1 to 2 years $939.00 8.00%
from 2 to 3 years $821.63 7.00%
from 3 to 4 years $704.25 6.00%
from 4 to 5 years $586.88 5.00%
from 5 to 6 years $469.50 4.00%
from 6 to 7 years $352.13 3.00%
from 7 to 8 years $234.75 2.00%
from 8 to 9 years $117.38 1.00%
more than 9 years $0.00 0.00%
Conflicts of interest
ment 14
ty – Confirmation
ou can request a summary of the special incentives we receive
o sell this variable annuity by calling (800) 888-8888 or review it online at
ww.brokerwebsite.com/specialincentives.
Attachment 15
Internet Disclosure Form
Our compensation for selling AAA Equity Fund
Compensation that all broker-dealers receive for selling this fund
We receive the following compensation in connection with selling this fund. These amounts may be funded by sales fees or other
distribution charges. For most investors, those amounts will have been disclosed prior to purchase.
Class A shares ("front-end" sales fees)
Up-front compensation Payment amount What we receive
Our payment
as %
$1,000.00 $50.00 5.00%
$50,000.00 $2,000.00 4.00%We receive the following up-front compensation for selling Class A
shares of this fund.
$100,000.00 $3,250.00 3.25%
Additional annual compensation Investment value What we receive
Our payment as
%
$1,000.00 $2.50 0.25%
$50,000.00 $125.00 0.25%Each year we also receive the following compensation based on the
value of Class A shares owned by our customers.
$100,000.00 $250.00 0.25%
Class B shares ("back-end" sales fees)
Up-front compensation Payment amount What we receive
Our payment
as %
$1,000.00 $45.00 4.50%
$50,000.00 $2,250.00 4.50%We receive the following upfront compensation for selling Class B
shares of this fund.
$100,000.00 $4,500.00 4.50%
Additional annual compensation Investment value What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%
Each year for the first seven years you own this fund, we also
receive the following compensation based on the value of Class B
shares owned by our customers. After seven years, this amount will
reduce to 0.25%. $100,000.00 $1,000.00 1.00%
Class C shares ("level sales fees")
Up-front compensation Payment amount What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%We receive the following upfront compensation for selling Class C
shares of this fund.
$100,000.00 $1,000.00 1.00%
Additional annual compensation Investment value What we receive
Our payment
as %
$1,000.00 $10.00 1.00%
$50,000.00 $500.00 1.00%
Each year we also receive the following compensation based on the
value of Class C shares owned by our customers. $100,000.00 $1,000.00 1.00%
Attachment 15
Internet Disclosure Form
Special revenue sharing and other promotional payments we receive from the AAA fund family
We or our affiliates also receive other payments from AAA fund family. These promotional payments, which create conflicts of
interest, are described below.
Type of payment What we receive
Sales-based payments
We receive $2 for every $1000 of AAA Equity Fund shares we sell after we sell $10 million of AAA
Equity Fund in a calendar year.
Payments for fund shares held
by our customers
We annually receive 50 cents for every $1000 of AAA fund family shares that our customers
maintain in their accounts for more than one year.
Other payments
In addition to the promotional compensation discussed above, in our most recent fiscal year we
received $50,000 from the AAA family, on $40 million of total sales of AAA fund family shares. We
expect to receive at least $25,000 of these types of promotional compensation from the AAA fund
family in the current fiscal year, and we received $7500 of this type of compensation in the most
recent fiscal quarter.
Additional payments we receive from the AAA fund family
In addition to the compensation described above, we or our affiliates further receive some payments from the AAA fund family for
"transfer agent" or recordkeeping services that we perform in connection with fund shares held by our customers. In the most recent
fiscal year, we received $40,000 from the AAA family. We expect to receive at least $20,000 of this type of compensation in the
current fiscal year, and we received $6000 of this type of compensation in the most recent fiscal quarter.
Compensation-related conditions to our sale of mutual funds
– We only sell mutual funds that charge sales fees. We do not sell no-load funds, which charge no sales
fees.
– We only sell mutual funds from fund families that pay us asset-based distribution fees ("rule 12b1 fees") of at least 0.25% of assets.
If a fund family does not pay us those fees for all funds (including funds that are closed to new investors), we do not sell that family's
mutual funds.
– We only sell mutual funds that pay us sub-transfer agent fees of $12 per customer account.
– Funds that pay revenue sharing to us receive special access to our sales personnel.
Special incentives we pay to our personnel for selling this fund or particular share classes
Our personnel are paid more for selling AAA fund shares
[Illustrative disclosure - higher payout to representative]
We pay our personnel more for selling fund shares issued by AAA fund family than for selling shares issued by some other fund
families. For example, a salesperson who typically receives 42% of the sales fees we earn on mutual fund sales receive 45% of the
sales fees we receive for the sale of AAA fund shares. Also, when our personnel sell AAA fund shares, they do not have to pay $8
per-transaction "ticket charges" that we otherwise would take out of their compensation.
[Alternative illustration - sale of fund that provides above average compensation]
Moreover, this fund’s distributor pays all broker-dealers more for selling shares of this fund than the average we receive for selling
comparable funds. Because we pay our personnel a standard percentage of our revenues, our personnel may earn more for selling
this fund than they earn for selling comparable funds.
Our personnel may be paid more for selling class [B/C] shares
We can expect to earn more for selling class [B/C] shares of this fund than class A shares, particularly for larger sales, than we earn
for selling other share classes. As a result, our personnel also may earn more when they sell class [B/C] shares.
Fund prospectus
Summary of special incentives
Fund prospectus
Summary of special incentives
Fund prospectus
Summary of special incentives
Plan offering document
Summary of special incentives
Plan offering document
Summary of special incentives
Plan offering document
Summary of special incentives
Prospectuses
Summary of special incentives
Back-end sales�fee you pay
Back-end sales�fee you pay