|A Share||I Share|
|Maximum sales charge (load) imposed on purchases||4.50%||None|
|Maximum deferred sales charge (load)||None||None|
|Redemption fee (as a percentage of amount redeemed) 1||2.00%||2.00%|
Annual Fund Operating Expenses
|A Share||I Share|
|Management fees Distribution (Rule 12b-1) Fee||0.85%||0.85%|
|Distribution (Rule 12b-1) Fee||0.25%||None|
|Total annual fund operating expenses||2.06%||1.81%|
|Fee waiver and/or expense reimbursements 2||(0.56%)||(0.56%)|
|Total annual fund operating expenses after fee waiver and/or expense reimbursements||1.50%||1.25%|
1 The Fund charges a 2% fee if you redeem shares of the Fund within 30 days of purchase
2 The Fund’s advisor has contractually agreed to waive its fees and/or absorb expenses of the Fund to ensure that total annual fund operating expenses (excluding acquired fund fees and expenses) do not exceed 1.50% and 1.25% of the average daily net assets of the Fund, for the A share and I share, respectively. This agreement is in effect until March 1, 2017, and it may be terminated before that date only by the Trust’s Board of Trustees. The Fund’s advisor is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid for three years from the date of any such waiver or payment.
The Fund is sold at the public offering price, which is the NAV plus an initial maximum sales charge which varies with the amounts you invest as shown in the following chart. This means that part of the funds you contribute to the Fund to purchase Fund shares will be used to pay the sales charge.
|Your Investment||Front-End Sales
Charge As a % Of
Charge As a % Of
As a % Of
|Up to $49,999||4.50%||4.71%||4.00%|
|$1 million or more||1.00%||1.01%||1.00%|
* The offering price includes the sales charge.
Because of rounding in the calculation of front-end sales charges, the actual front-end sales charge paid by an investor may be higher or lower than the percentages noted above. No sales charge is imposed on shares received from reinvestment of dividends or capital gain distributions. Additional information regarding these breakpoints can be found in the SAI.
Eligible purchasers of Class A shares also may be entitled to reduced or waived sales charges through certain purchase programs offered by the Fund.
Quantity Discounts. You may be able to lower your sales charges if:
• you assure the Fund in writing that you intend to invest at least $50,000 in the Fund over the next 13 months in exchange for a reduced sales charge ("Letter of Intent") (see below); or
• the amount of shares you already own in the Fund plus the amount you intend to invest is at least $50,000 ("Cumulative Discount").
By signing a Letter of Intent you can purchase shares of the Fund at a lower sales charge level. Your individual purchases will be made at the reduced sales charge based on the amount you intend to invest over a 13-month period as stated in the Letter of Intent. Any shares purchased within 90 days prior to the date you sign the Letter of Intent may be used as credit toward completion of the stated amount, but the reduced sales charge will only apply to new purchases made on or after the date of the Letter of Intent. Purchases resulting from the reinvestment of dividends and capital gains do not apply toward fulfillment of the Letter of Intent. Shares equal to 4.50% of the amount stated in the Letter of Intent will be held in escrow during the 13-month period. If, at the end of the period, the total net amount invested is less than the amount stated in the Letter of Intent, you will be required to pay the difference between the reduced sales charge and the sales charge applicable to the individual net amounts invested had the Letter of Intent not been in effect. Such amount will be obtained from redemption of the escrow shares. Any remaining escrow shares after payment to the Fund of the difference in applicable sales charges will be released to you. If you establish a Letter of Intent with the Fund, you can aggregate your accounts as well as the accounts of your immediate family members. You will need to provide written instructions with respect to the other accounts whose purchases should be considered in fulfillment of the Letter of Intent.
The Letter of Intent and Cumulative Discount are intended to let you combine investments made at other times for purposes of calculating your present sales charge. Any time you can use any of these quantity discounts to "move" your investment into a lower sales charge level, it is generally beneficial for you to do so.
For purposes of determining whether you are eligible for a reduced sales charge, you and your immediate family members (i.e., your spouse or life partner and your children or stepchildren age 21 or younger) may aggregate your investments in the Fund. This includes, for example, investments held in a retirement account, an employee benefit plan, or through a financial advisor other than the one handling your current purchase. These combined investments will be valued at their current offering price to determine whether your current investment amount qualifies for a reduced sales charge.
nvestors must notify the Fund or an approved financial intermediary at the time of purchase whenever a quantity discount is applicable to purchases and may be required to provide the Fund or an approved financial intermediary with certain information or records to verify your eligibility for a quantity discount. Such information or records may include account statements or other records regarding the shares of the Fund held in all accounts (e.g., retirement accounts) of the investor and other eligible persons which may include accounts held at the Fund or at other approved financial intermediaries. Upon such notification, an investor will pay the sales charge at the lowest applicable sales charge level. Shareholders should retain any records necessary to substantiate the purchase price of the Fund’s shares, as the Fund and approved financial intermediary may not retain this information.
Information about sales charges can be found on the Fund’s website www.euroapacificfunds.com or you can consult with your financial representative.
Net Asset Value Purchases. You may be able to buy shares without a sales charge when you are:
• reinvesting dividends or distributions;
• participating in an investment advisory or agency commission program under which you pay a fee to an investment advisor or other firm for portfolio management or brokerage services;
• a current Trustee of the Trust; or
• an employee (including the employee’s spouse, domestic partner, children, grandchildren, parents, grandparents, siblings and any dependent of the employee, as defined in Section 152 of the Internal Revenue Code) of the Advisor or of a broker-dealer authorized to sell shares of the Fund.
Your financial advisor or the Transfer Agent can answer your questions and help you determine if you are eligible.
Risks of Investment: Please read about the Risks of investing in the Fund.
You should carefully consider the Fund’s investment objectives, risk, charges, and expenses before investing.
To obtain a prospectus that contains this and other information about the Fund, please click here or call +1 (888) 558-5851. Please read the prospectus carefully before investing.
Euro Pacific Funds are distributed by IMST Distributors, LLC.