Utopia funds liquidating
Class A shares typically impose a front-end sales load, which is a charge the fund uses to compensate brokers.Class B shares do not have a front-end sales load, but they may impose a deferred sales load charge when the shares are sold.It is important that investors read a fund's prospectus to understand all of the financial implications before buying, selling or exchanging mutual fund shares.Many mutual funds offer several classes of shares such as "Class A" and "Class B" shares.You can choose to liquidate your limited company (also called ‘winding up’ a company).The company will stop doing business and employing people.Examples of these consequences include fees, charges, commissions and expenses that reduce an investor's anticipated return.All of these charges are described in a fund's prospectus.
The cash proceeds would then be used to make a down payment for a home.
When investors redeem mutual fund shares, the process is very simple. Instead, the shares are priced at the close of the market at 4 p.m., when their net asset value (NAV) is calculated.
Mutual funds typically keep cash reserves to cover investor redemptions so that they will not be forced to liquidate portfolio securities at inopportune times.
The front-end load percentage may decrease, as the size of the investor's purchase increases.
Back-end sales load charges cannot exceed 8.5%, and this percentage will decrease over time until it reaches zero.