NEI drops some sales charge optionsBy The IJ Staff | June 29 2020 12:28PM
Responsible investing asset manager NEI Investments is discontinuing its deferred sales charge, low load, low load 2 and low load 3 sales charge purchase options because of falling demand from investors and as advisors seek alternate fee arrangements to meet their clients' needs.
On or about August 10, DSC and other low load sales charge purchase options across NEI's fund lineup will be closed to new investors. For investors with existing DSC and/or low load units as of that date, subsequent investments subject to DSC and/or low-load sales charges will be available until October 2020.
Soon to be closed to all investments
On or about October 5, DSC and low-load sales charge purchase options will be closed to all investments.
Investors with existing DSC and/or low load units will remain invested based on the redemption fee schedule applicable to those units.