Destiny Plan Sales Charges and BreakpointsDestiny Plans held at BFDS (contributory accounts) may be eligible for Destiny Plan breakpoints by aggregating Fidelity Advisor fund assets on DART.
To link household accounts for rights of accumulation privileges, a letter of instruction is required. For new accounts, the applications for each new Plan that an investor is purchasing must be submitted at the same time the Planholder requests the rights of accumulation. For existing accounts, the IP of record must submit written instructions to BFDS requesting that contributory Destiny assets be applied toward rights of accumulation. This letter should indicate the amounts held with the Advisor funds; this information will be verified with the FIIS Destiny product manager who approves the assets for ROA breakpoints. Current Plans for spouses and children under the age of 21 at the same address can be linked. Increasing the face amount of an existing plan may also qualify to reduce the Creation and Sales Charge a Planholder pays on future investments. If one or more of the Plans, other than a qualified retirement plan, is combined to take advantage of this privilege and subsequently stops making monthly investments and is no longer current, the remaining Creation and Sales Charges will be recalculated to reflect the charges applicable to the Plan(s) that remain current. Creation and Sales Charges: Destiny Plans I: N Rights of Accumulation: Destiny Plans I & II: N You may qualify to pay lower Creation and Sales Charges on any new Plans that you purchase, or on existing Plans where you increase the Face Amount, by aggregating their Face Amounts with the following holdings registered to you, members of your immediate family, or certain fiduciary accounts described below: (i) the Face Amounts of any current Plans, (ii) Class A, Class T, Class B, and Class C shares of any Fidelity Advisor fund, (iii) Advisor B Class shares and Advisor C Class shares of Treasury Fund, and (iv) Daily Money Class shares of Treasury Fund, Prime Fund or Tax-Exempt Fund acquired by exchange from any Fidelity Advisor fund. In addition, when you purchase a new Plan, or increase the Face Amount of an existing Plan, you may also qualify to reduce the Creation and Sales Charges you pay on future investments into any existing individual IRA Plans which are registered to you or your immediate family. 10 year and 15 year plans may not be combined for purposes of taking advantage of these rights of accumulation. To use this privilege, you or your investment professional must notify the Sponsor in writing that you wish to aggregate the Face Amounts of each of the Plans that qualify for rights of accumulation for the purpose of determining the applicable Creation and Sales Charges. A letter of instruction for each new Plan that you are purchasing must be submitted at the same time that you send your notice. Each Plan that you already own must be current at the time you send your notice. For rights of accumulation, a Plan is considered to be current if:
If one or more of the Plans, other than a qualified retirement plan, that are combined to take advantage of this privilege subsequently becomes no longer current, the remaining Creation and Sales Charges will be recalculated to reflect the charges applicable to the Plan or Plans that remain current. You may only combine Plans that are registered to you, your spouse, your children under the age of 21 or a trustee or other fiduciary of a single trust estate or single fiduciary account. For the purpose of this privilege, a single fiduciary account includes a pension, profit-sharing or other employee benefit trust created pursuant to a plan qualified under Section 401 of the Internal Revenue Code, and a trust estate or fiduciary account may have more than one beneficiary. This privilege is not available to any group of individuals whose funds are combined, directly or indirectly, for the purchase of redeemable securities of a registered investment company whether jointly or through a trustee, agent, custodian or other representative for that group of individuals. Rights of Accumulation: Destiny Plans I & II: O You may qualify to pay lower Creation and Sales Charges on existing Plans where you increase the Face Amount, by aggregating their Face Amounts with the following holdings registered to you, members of your immediate family, or certain fiduciary accounts described below: (i) the Face Amounts of any current Plans, (ii) Class A, Class T, Class B, and Class C shares of any Fidelity Advisor fund, (iii) Advisor B Class Shares and Advisor C Class shares of Treasury Fund, and (iv) Daily Money Class shares of Treasury Fund, Prime Fund or Tax-Exempt Fund acquired by exchange from any Fidelity Advisor fund. In addition, when you increase the Face Amount of an existing Plan, you may also qualify to reduce the Creation and Sales Charges you pay on future investments into any existing individual IRA Plans which are registered to you or your immediate family. 10 year and 15 year plans may not be combined for purposes of taking advantage of these rights of accumulation. To use this privilege, you or your investment professional must notify the Sponsor in writing that you wish to aggregate the Face Amounts of each of the Plans that qualify for rights of accumulation for the purpose of determining the applicable Creation and Sales Charges. A letter of instruction for each face change must be submitted at the same time that you send your notice. Each Plan that you already own must be current at the time you send your notice. For rights of accumulation, a Plan is considered to be current if:
If one or more of the Plans, other than a qualified retirement plan, that are combined to take advantage of this privilege subsequently becomes no longer current, the remaining Creation and Sales Charges will be recalculated to reflect the charges applicable to the Plan or Plans that remain current. You may only combine Plans that are registered to you, your spouse, your children under the age of 21, or a trustee or other fiduciary of a single trust estate or single fiduciary account. For the purpose of this privilege, a single fiduciary account includes a pension, profit-sharing or other employee benefit trust created pursuant to a plan qualified under Section 401 of the Internal Revenue Code, and a trust estate or fiduciary account may have more than one beneficiary. This privilege is not available to any group of individuals whose funds are combined, directly or indirectly, for the purchase of redeemable securities of a registered investment company whether jointly or through a trustee, agent, custodian or other representative for that group of individuals.
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