People must calculate their taxes both ways and pay the greater of the two.
The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional.
Be sure to read the prospectus carefully before deciding whether to invest.
A method of calculating income tax that disallows certain deductions, credits, and exclusions.
This was intended to ensure that individuals, trusts, and estates that benefit from tax preferences do not escape all federal income tax liability.
The process of repositioning assets in a portfolio to maximize potential return for a particular level of risk.
This process is usually done using the historical performance of the asset classes within sophisticated mathematical models.
Asset allocation does not guarantee against loss; it is a method used to help manage investment risk.
A mutual fund whose primary investment objective is substantial capital gains.
The return and principal value of mutual funds fluctuate with changes in market conditions.