Class A shares are sold with a front-end sales charge. As described in each fund’s prospectus, there are a number of ways in which these sales charges may be reduced or waived.
Read more about:
How Sales Charges are Calculated
Combining Accounts and Purchases
Previous Purchases (Right of Accumulation)
Letter of Intent (LOI)
Street Name or Omnibus Accounts
Waiving Class A Sales Charges
Reinstatement Privilege
How Sales Charges are Calculated
You may purchase Class A at the “offering price,” which is equal to the fund’s net asset value plus a front-end sales charge. The amount of that sales charge depends upon the fund you are buying, the amount of the purchase and whether the purchase qualifies for any sales charge reduction or waiver. You can qualify for a lower sales charge rate when the amount of your purchase reaches a certain level, known as a “breakpoint.”
To receive a reduction or waiver in your Class A sales charge, you must advise your financial professional or Carillon at the time of purchase.
The following table summarizes the sales charge rates:
Your Investment | Equity Funds | Bond Funds |
---|---|---|
Less than $25,000 | 4.75% | 3.75% |
$25,000-$49,999 | 4.25% | 3.25% |
$50,000-$99,999 | 3.75% | 2.75% |
$100,000-$249,999 | 3.25% | 2.25% |
$250,000-$499,999 | 2.50% | 1.50% |
$500,000-$999,999 | 1.50% | 0.50% |
$1,000,000 and over | 0.00% | 0.00% |
The sales charge shown above is a percentage of the fund’s public offering price (“POP”), or the price you pay for each share you buy. This price is rounded to the nearest penny. The actual sales charge rate will be shown on your trade confirmation or statement, which—because of rounding—could be more or less than what is shown in the table above. Rounding differences could be greater for small purchases or when a fund’s NAV is higher.
Combining Accounts and Purchases
For purposes of calculating your sales charge, you can combine purchases of Class A and C shares for all Carillon mutual funds in the following account owner relationships:
The value of any concurrent purchases will be combined for determining the sales charge.
Previous Purchases (Right of Accumulation)
You may add the value of previous Class A and C purchases in your accounts, including those eligible for combining, to calculate the sales charge for subsequent purchases of Class A shares. For this purpose, we will determine the value of your previous purchases based upon the greater of the current account value or the total of all purchases less all redemptions.
Example 1
You previously purchased $20,000 of Class A shares and are making another investment of $10,000. The entire $10,000 purchase will receive the $25,000 breakpoint.
Example 2
You previously purchased $14,000 of Class A shares which are now worth $16,000 and are making another investment of $10,000. The entire $10,000 purchase will receive the $25,000 breakpoint.
These examples are for illustrative purposes only and do not represent any real investment results.
Letter of Intent (LOI)
You must request an LOI in writing.
Example
When opening your account, you select the LOI option on your account application, stating your intention to purchase $25,000 of Class A shares over the next 13 months. Along with your application, you include an initial purchase of $15,000. You will pay the sales charge at the $25,000 breakpoint. Your subsequent purchases will also receive this breakpoint.
All prior investments in Class A and C shares can be counted toward meeting this investment requirement. Investments made up to 90 calendar days before you adopt your LOI are also eligible for this discount.
We will reserve 5% of your intended purchase amount until you purchase the amount specified in your LOI. If you don’t purchase the intended amount within the 13-month period, we will sell enough shares in your account to cover the applicable sales charge.
Street Name or Omnibus Accounts
Certain broker-dealers or other financial institutions register accounts at the fund as "street name," "omnibus" or "nominee" accounts. In such situations, Carillon receives limited shareholder information which often does not include the shareholder's identity. As a result, Carillon does not have the information to combine these accounts. For more information on whether a particular institution registers accounts in this manner, please consult your financial professional.
The Class A sales charge may be waived in certain situations, allowing qualified buyers to purchase fund shares with no initial sales charge. Class A shares may be sold at net asset value without any sales charge to:
If you sell Class A shares of a Carillon mutual fund, you may reinvest some or all of those proceeds in Class A shares of a Carillon mutual fund within 90 calendar days without a paying an additional sales charge. You must indicate that you are exercising this privilege when reinvesting your proceeds.
Please contact us at 1.800.421.4184 with any questions.
Please consider the investment objectives, risks, charges, and expenses of any fund before investing. Read the prospectus, or summary prospectus, carefully before you invest or send money.
For the Carillon Family of Funds, please call 800.421.4184 or your financial professional for a prospectus, or summary prospectus, which contains this and other important information. Prospectuses and additional information for all Funds can be found here.
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Carillon mutual funds may be offered only to persons in the United States and its territories, and by way of a prospectus. This website should not be considered a solicitation or offering of any Carillon mutual fund to investors residing outside the United States or its territories.
Carillon Fund Distributors®, Inc., Member FINRA. 880 Carillon Parkway, St. Petersburg, FL 33716