Citi Self Invest (Pershing) MF Max Load and Expenses

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netrammgc
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Citi Self Invest (Pershing) MF Max Load and Expenses

Post by netrammgc »

Mutual Funds available in Citi Self Invest by Pershing state a Max Load (e.g. .25%), but then also state at the bottom of the page:

"Purchases of XXXXX in your Citi® Self Invest and managed accounts do not incur any load fees or sales charges".

So will I incur that Max Load? A bit confused. For example, on thier website:

PMTXX
Expense Ratio (very confused with this): 0.04%
Total Net Expenses: 0.39%
Max Load: 0.15%
*Purchases of PMTXX in your Citi® Self Invest and managed accounts do not incur any load fees or sales charges.

Thanks! Any insight would be greatly appreciated.
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