NTF Funds definition

NTF Funds are those Funds (a) that do not charge a front-end or back-end (e.g., contingent deferred) sales load, or that waive such sales load; (b) from which Schwab receives an asset-based service fee from the Fund or its affiliates for providing certain recordkeeping, shareholder, and other administrative services; and (c) shares of which Schwab makes available to its own brokerage customers without a transaction fee.
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Examples of NTF Funds in a sentence

  • Clients should consider such conflict when monitoring the purchase of NTF Funds in a non- retirement account in recognition of the overall fee and other arrangements with LPL and IAR for management of the account.

  • In addition to the Fee, Fund Parties acknowledge that Schwab may impose fees on certain MFMP investor transactions in the Funds, such as a transaction fee for transacting in shares of the TF Funds, a short-term redemption fee on redemption of certain shares of NTF Funds, or fees or charges for other miscellaneous services performed by Schwab.

  • Schwab shall pay to Correspondent a fee for recordkeeping, shareholder communication and other administrative services (“Shareholder Services Fee”) rendered to Customers by Correspondent in connection with shares of NTF Funds, and Load Funds.

  • All Methods No transaction fee* Most NTF Funds will have no load.

  • In particular, the IAR has a financial incentive to select NTF Funds for non-retirement accounts to avoid paying or to lower the transaction charges.

  • While some No-Transaction-Fee (NTF) Funds would permit trading without a ticket charge, the tradeoff is often in form of a higher internal expense ratio compared to a share class that imposes a ticket charge.

  • With respect to NTF Funds, the Shareholder Services fee paid by Schwab to Correspondent, if any, will be calculated based on the asset-based fee rate applicable to the NTF Fund, as set forth in the table below, multiplied by the average daily value of the NTF Funds held in Correspondent’s Clearing Account(s) during the month (the “NTF Fee”).