Periodic Payment Plan?

Are you considering investing in a periodic payment plan? This brochure explains this kind of investment, describes the costs involved with these plans, and highlights the questions every investor should ask before investing.

What is a periodic payment plan?

A "periodic payment plan" is the legal name for an investment that might also be referred to as a "contractual plan" or "systematic investment plan." Periodic payment plans allow investors to accumulate shares of a mutual fund indirectly by contributing a fixed, often small amount of money on a regular basis. Many of these plans are sold to military personnel. Periodic payment plans, however, do not provide any special benefits to military personnel, nor are military personnel required to participate in the plans.

More info:

How do periodic payment plans work?

Source: http://www.sec.gov/investor/pubs/perpayplans.htm

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