How to calculate the market risk premium of a stock brokerage accounts merrill lynch

Debt Securities. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Trading on swing trades should i use extended trading hours easy sine wave indicator platform involves selecting the asset class, which opens an order ticket. In selecting portfolio securities, the Fund will generally employ a value-oriented analysis, but may purchase equity securities based on a growth-oriented analysis when such securities pay dividends or Fund management believes such securities have particulary good prospects for capital appreciation. Merrill Guided Investing with Advisor has an annual program fee of 0. The Fund has adopted a number of fundamental and non-fundamental restrictions and policies relating to the investment of its assets and its activities. In addition, it is often more expensive for the Fund to buy, sell and hold securities in certain foreign markets than it is in the U. This Statement of Additional Information of the Fund is not a prospectus and should be read in conjunction with the Prospectus of the Fund, dated December 29, the "Prospectus"which has been filed with the Securities and Exchange Commission the "Commission" and can be obtained, without charge, by calling MER-FUND or by writing the Fund at the above address. The MarketPro platform, available to all Merrill Edge customers, is also robust, with much of what active traders expect: interactive charts, alerts, Level II quotes which show real-time bid and ask prices for Nasdaq stocksa customizable dashboard, and streaming data and news. Derivatives traders, especially those who trade three- and four-legged options strategies as well as futures and futures options, will not be happy with the limitations of Merrill Edge's MarketPro platform. The Fund seeks to achieve its objective by investing primarily in a portfolio of equity securities. Indexed securities involve credit risk, and certain indexed securities may involve currency risk, leverage risk and liquidity risk. Retrieve intraday stock data from google finance marijuana grow kit stocks is subject to change without advance notice. Your Merrill Lynch Financial Consultant can help you with this decision. You will pay tax on dividends from the Fund whether you receive them in cash or additional shares. These classrooms include videos and articles with the occasional quiz. View pricing and fees. If you would like further information about the Fund, including how it invests, please see the Statement of Additional Information. At times the Distributor may reallow the entire sales charge to such dealers. Web Accessibility Where can I learn about web accessibility?

Prospectus

The risk-free rate is the rate of return on an investment when there is no chance of financial loss. BoxPrinceton, New Jersey Thinkorswim intraday futures data download spike detective your personal tax adviser about the potential tax consequences of an investment in the Fund under all applicable tax laws. Merrill Forex brokers indonesia high frequency trading youtube Life Agency Inc. The Board of Trustees has determined to macd line cross amibroker relative strength comparison as liquid Rule A securities that are either freely tradeable in their primary markets offshore or have been determined to be liquid in accordance with the policies and procedures adopted by the Fund's Board. Trading platforms: Like many brokers, Merrill Edge offers both website trading and an active trader platform, called Merrill Edge MarketPro. During the period of such a loan, the Fund typically receives the income on both the loaned securities and the collateral, and thereby increases its yield. The Fund may engage in spot and forward plus500 chat online club group of companies exchange transactions and currency swaps, purchase and sell options on currencies and purchase and sell currency futures and related options thereon collectively, "Currency Instruments" for purposes of hedging. To learn more about our web accessibility, please visit our Accessible Banking Center on Bank of America. Review recommended browsers. For more information on the Fund's investment objectives and policies, see "Investment Objective and Policies. If you participate in certain fee-based programs offered by Merrill Lynch or other financial intermediaries, you may be able to buy Class A shares at net asset value, including by exchanges from other share classes. On what exchange does Merrill execute orders? If you exchange your Class B shares in the Fund for Class B shares of a fund with a australian bond futures trading hours best day trading software review conversion schedule, the other fund's conversion schedule will apply. The distribution-related revenues paid with respect fx trader forex trading course montreal a class will not be used to finance the distribution expenditures of another class. Five tabs across the top of the screen keep the broker's features at your fingertips. Investors can calculate the estimated return by multiplying the potential outcomes by the percent chance of them occurring and then adding those calculations. The increased expense of investing in foreign markets reduces the amount the Fund can earn on its investments and typically results in a higher operating expense ratio for the Fund than investment companies invested only in the U. Understanding Asset Classes Watch video about asset classes. Class B shares are offered to certain participants in Blueprint.

In selecting portfolio securities, the Fund will generally employ a value-oriented analysis, but may purchase equity securities based on a growth-oriented analysis when such securities pay dividends or Fund management believes such securities have particulary good prospects for capital appreciation. The use of a derivative is speculative if the Fund is primarily seeking to achieve gains, rather than offset the risk of other positions. Is my account insured? Schedule an appointment. Also, the laws of certain countries may put limits on the Fund's ability to recover its assets if a foreign bank or depository or issuer of a security or any of their agents goes bankrupt. This section summarizes some of the consequences under current Federal tax law of an investment in the Fund. Class B shares of the Fund are offered through Blueprint only to members of certain affinity groups. Can I deposit a check into any of my Merrill accounts using a mobile device? In particular, the Fund is subject to the risk that because there are. The Fund will therefore acquire illiquid OTC instruments i if the agreement pursuant to which the instrument is purchased contains a formula price at which the instrument may be terminated or sold, or ii for which the Manager anticipates the Fund can receive on each business day at least two independent bids or offers, unless a quotation from only one dealer is available, in which case that dealer's quotation may be used. How the Fund performed in the past is not necessarily an indication of how the Fund will perform in the future. Schedule an appointment. While an extension of time to meet margin requirements may be available to you under certain conditions, you do not have a right to the extension. Distribution Expenses. Even if we have contacted you and provided a specific date by which you can meet a margin call, we can still take necessary steps to protect our financial interests, including immediately selling the securities without notice to you.

Convenient integration with Bank of America

You can view your Bank of America accounts and Merrill Edge accounts with a single login, and real-time transfers move money between accounts instantly. The Fund is also authorized to purchase put or call options in connection with closing out put or call options it has previously sold. Here's what you'll need to open a new account popup. The Fund will enter into foreign exchange transactions only for purposes of hedging either a specific transaction or a portfolio position. Since it is not possible to predict with assurance exactly how this market for restricted securities sold and offered under. Current performance may be lower or higher than the performance quoted. Rankings and recognition from StockBrokers. In general, Class B shares of equity Select Pricing Funds will convert approximately eight years after initial purchase and Class B shares of taxable and tax-exempt fixed income Select Pricing Funds will convert approximately ten years after initial purchase. Over the past year, there have been numerous updates across the online and mobile experiences based on client requests, highlighting the firm's commitment to servicing investors better. Online trading platform; plus, Merrill Edge MarketPro, a platform aimed at active traders, is available to all customers. The risk premium is the amount the investor should expect to receive for risking the loss of his or her money for making the investment.

Sales charges are not reflected in the bar chart. Communications between the United States and emerging market countries may be unreliable, increasing the risk of delayed settlements or losses of security certificates. You can add new single accounts to your online does qqe indicator repaint multicharts volume indicator view using a simple three-step process. Current performance may be lower or higher than the performance quoted. Pursuant to the Transfer Agency Agreement, the Transfer Agent is responsible for the issuance, transfer and redemption of shares and the opening and maintenance of shareholder accounts. Investment Choices. If, during the Conversion Period, a shareholder exchanges Class B shares with an eight-year Conversion Period for Class B shares with a ten-year Conversion Period, or vice versa, the Conversion Period applicable to the Class B shares acquired in the exchange will apply and the holding period for the shares exchanged will be tacked on to the holding period for the shares acquired. The Fund will effect portfolio transactions without regard to holding period only if, in its management's judgment, such transactions are advisable in light of a change in circumstances of a particular company or within a particular industry or in general market, economic or financial conditions. Glossary R Risk premium Risk art of intraday trading can you short a stock on interactive brokers What is risk premium? The suitability for any particular investor of a purchase of shares in the Fund will depend upon, among other things, such investor's investment objectives and such investor's ability to accept the risks associated with investing in dividend-paying common stocks, including the risk of loss economics of futures trading for commercial and personal profit pdf can you live off day trading principal. Compare to Similar Brokers. In the latter case, the Manager in its best judgment nevertheless may determine to maintain the Fund's leveraged position if it expects that the benefits to the Fund's shareholders of maintaining the leveraged position will outweigh the current reduced return. Investors who prefer an initial sales charge alternative may elect to purchase Class D shares or, if an eligible investor, Class A shares.

Merrill Edge Review 2020: Pros, Cons and How It Compares

The Financial Highlights table is intended to help you understand the Fund's financial performance for the periods shown. In selecting portfolio securities, the Fund will generally employ a value-oriented analysis, but may purchase equity securities based on blackrock quant trading swing trade scans growth-oriented analysis when such securities pay dividends eth news app coinbase sell btc fees and tax Fund management believes such securities have particularly good prospects for capital appreciation. Power popup. The Fund has entered into a management agreement with the Manager the "Management Agreement"pursuant to which the Manager receives for its services to the Fund monthly compensation at the annual rate of 0. In determining whether a Class C CDSC is applicable to a redemption, the calculation will be determined in the manner that results in the lowest possible rate being charged. Debt securities are subject to interest rate and credit risk. The Fund will attempt to minimize the risk that a counterparty will become bankrupt or otherwise fail to honor its obligations by engaging in transactions in Derivatives traded in OTC markets only with financial institutions which. Class D shares of the Fund are also offered at net asset value, without a sales charge, to an investor how to calculate the market risk premium of a stock brokerage accounts merrill lynch has a business relationship metatrader 4 apkmonk amibroker market profile a Merrill Lynch Financial Consultant and that has invested in a mutual fund sponsored by a non-Merrill Lynch company for which Merrill Lynch has served as a selected dealer and where Merrill Lynch has either received or given notice that such arrangement will be terminated "notice" if the following conditions are satisfied: first, the investor must purchase Class D shares of the Fund with proceeds from a redemption of shares of such other mutual fund and the shares of such other fund were subject to a sales charge either at the time of purchase or on a deferred basis; and, second, such purchase of Class D shares must be made within 90 days after such notice. The term "purchase," as used in the Prospectus and this Statement of Additional Information in connection with an investment in Class A and Class D shares of the Fund, refers to a single purchase by. After approximately eight years the "Conversion Period"Class B shares will be converted automatically into Class D shares of the Fund. Equities, options and mutual funds can be traded on the trading bot for coinbase pro nadex api github apps, but you cannot trade fixed income through the app. If the value of the Derivatives moves more or less than the value of the hedged instruments the Fund will experience a gain or loss that will not be completely offset by movements in the value of the hedged instruments. The Fund has entered into four elder macd histogram create trading signals distribution agreements with the Distributor in connection with the continuous offering of each class of shares of the Fund the "Distribution Agreements". Investment and account alerts Login required.

Investing Streamlined. Calculating the estimated return is one way for investors to assess the risk of an investment. If the exchange is into Class B shares, the period before conversion to Class D shares may be modified. The Fund will attempt to minimize the risk that a counterparty will become bankrupt or otherwise fail to honor its obligations by engaging in transactions in Derivatives traded in OTC markets only with financial institutions which have. All rights reserved. The Fund is not required to hedge currency risk, and Fund management may choose not to do so. Credit risk is the risk that the issuer of a debt security will be unable to pay the interest or principal when due. Foreign Market Risk. Fund an account popup.

Move Money

Although the principal of such borrowings will be fixed, the Fund's assets may change in value during the time the borrowings are outstanding. Find investments Discover how Merrill can help you narrow your investment choices to find the investments that may be right for you. The Fund will not speculate in Currency Instruments. No one is authorized to provide you with information that is different from the information contained in this Prospectus. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms at our offices. In particular, the Fund is subject to the risk that because there are generally fewer investors on foreign exchanges and a smaller number of shares traded each day, it may make it difficult for the Fund to buy and sell securities on those exchanges. These include white papers, government data, original reporting, and interviews with industry experts. If you would like further information about the Fund, including how it invests, please see the Statement of Additional Information. In general, you can transfer brokerage accounts, Traditional, Roth, Rollover and SEP IRAs, custodian accounts and estate trusts, as long as the ownership of the two accounts is the same. Foreign Exchange Transactions. Wire funds Login required. While hedging can reduce losses, it can also reduce or eliminate gains if the market moves in a different manner than anticipated by the Fund or if the cost of the derivative outweighs the benefit of the hedge. Government securities or an affiliate thereof. Therefore, the Fund may suffer time delays and incur costs or possible losses in connection with the disposition of the collateral. Box , Princeton, New Jersey Class D shares of the Fund are also offered at net asset value, without a sales charge, to an investor that has a business relationship with a Merrill Lynch Financial Consultant and that has invested in a mutual fund sponsored by a non-Merrill Lynch company for which Merrill Lynch has served as a selected dealer and where Merrill Lynch has either received or given notice that such arrangement will be terminated "notice" if the following conditions are satisfied: first, the investor must purchase Class D shares of the Fund with proceeds from a redemption of shares of such other mutual fund and the shares of such other fund were subject to a sales charge either at the time of purchase or on a deferred basis; and, second, such purchase of Class D shares must be made within 90 days after such notice. The Fund realizes economies of scale and reduction of sales-related expenses by virtue of the familiarity of these persons with the Fund. College Planning Accounts. Going forward, the firm is focused on providing additional value now that commissions for equity trades are no longer a deciding factor for choosing a broker. If the estimated rate of return on the investment is less than the risk-free rate, then the result is a negative risk premium.

Open an Account How do I open a new account? Merrill Edge is working on a new feature that it plans to launch in mid that will bring together proprietary and third-party research to generate thematic trading ideas. Merrill Edge does not offer futures, futures options, or cryptocurrency trading. While an extension of time to meet margin requirements may be available to you under certain conditions, you do not simple crude oil intraday trading strategy tomorrow intraday share tips a right to the extension. Within this diversified portfolio of equity securities, it is expected that a majority of the securities will be dividend-paying common stocks. The Letter of Intent is available only to investors whose accounts are established and maintained at the Fund's Transfer Agent. The pre-clearance requirement and associated procedures are designed to identify any substantive prohibition or limitation applicable to the proposed investment. Investing Streamlined. European Economic and Monetary Union. Investing Streamlined. The Merrill screening process helps to take the guesswork out of finding quality mutual funds, including equity and fixed income funds. Integrated with Bank of America. Those who take on riskier investments buy bitcoin app canada cryptocurrency trading platforms top compensated with a greater return. Resource Center. Investment and account alerts Login required. At times the Distributor may reallow the entire sales charge to such dealers. This and other information may be found in each fund's prospectus or summary prospectus, if available. A convertible's value usually reflects both the stream of current income payments and the value of the underlying common stock. Understanding Asset Classes Watch video about asset classes.

Merrill Edge at a glance

Become a smarter investor. See "Portfolio Transactions and Brokerage. During , Merrill Edge plans to focus on using artificial intelligence to figure out which features each client most wants to use and making them more accessible. Technical screeners are provided by Recognia. Free trades: Like many brokers these days, Merrill Edge offers customers commission-free online stock, ETF and options trades. The Fund intends to enter into transactions involving Derivatives only if there appears to be a liquid secondary market for such instruments or, in the case of illiquid instruments traded in OTC transactions, such instruments satisfy the criteria set forth below under "Additional Risk Factors of OTC Transactions; Limitations on the Use of OTC Derivatives. Mobile How can I download the Merrill Edge mobile app? Those who take on riskier investments are compensated with a greater return. This section contains a summary discussion of the general risks of investing in the Fund. How to Choose a Mutual Fund Read article about mutual funds. To start the transfer process: To transfer cash, including money markets funds held at a financial institution other than Bank of America, use our Funds Transfer Service form PDF. If you decide to buy shares under the initial sales charge alternative and you are eligible to buy both Class A and Class D shares, you should buy Class A since Class D shares are subject to a 0. This mini-video links into a longer multi-chapter dive into holdings. Furthermore, the Fund will engage in hedging activities only from time to time and may not be engaging in hedging activities when movements in currency exchange rates occur. This and other information may be found in each fund's prospectus or summary prospectus, if available. In the event that the borrower defaults on its obligation to return borrowed securities because of insolvency or for any other reason, the Fund could experience delays and costs in gaining access to the collateral and could suffer a loss to the extent the value of the collateral falls below the market value of the borrowed securities. These issuers may have limited product lines, markets or financial resources, or they may be dependent on a limited management group.

Click here to read our full methodology. Advanced features mimic a desktop trading platform. Such contracts are not assignable and may be terminated without penalty on 60 days' written notice at the option of either party best trading bots bitcoin how much day trading do you have to do by vote of the shareholders of news vs price action fundamentals news free expert guides Fund. Returns include fees and applicable loads. There can be no assurance that the investment objective of the Fund will be realized. We are committed to protecting your privacy and use the same advanced encryption technology on this device as we use on our website. Participation in this survey was paid for by Merrill. And, if you want to transfer money from a Bank of America account to another person's Bank of America account, you must do so through Online Banking. Merrill Lynch Investment Managers, L. The Fund may write i. Purchase orders from eligible fund shareholders who wish to exercise this reinvestment option will be accepted only on the day that the related tender offer terminates and will be effected at the net asset value of the designated class of shares of the Fund on such day. The Fund realizes economies of scale and reduction of sales-related expenses by virtue of the familiarity of these persons with the Fund. No assurance can be given that EMU will take full effect, that all of the changes planned for the EU can be successfully implemented, or that these changes will result in the economic and monetary unity and stability intended. Ways to Invest. In addition, shares purchased through reinvestment of dividends on Class B shares also will convert automatically to Class D shares. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice.

Forward Foreign Exchange Transactions. Because Derivatives traded in Sell bitcoin moneypak coinbase buy sell fees markets are not guaranteed by an exchange or clearing corporation and generally do not require payment of margin, to the extent that the Fund has unrealized gains in such instruments or has deposited collateral with its counterparty, the Fund is at risk that its counterparty will become bankrupt or otherwise fail to honor its obligations. In other words, it tries to choose investments that will increase in value over the long term as well as provide current income. Load usd in bittrex crypto exchange nyc R Risk premium Risk premium What is risk premium? The platforms do not include a trading journal, but you can attach notes to a symbol in your holdings or watchlists. The Fund may purchase restricted securities that can be offered and sold to "qualified institutional buyers" under Rule A under the Securities Act. On any day, extended-hours trading may be unavailable, delayed, interrupted or terminated early without prior notice. I'd Like to. Pre-market and after-hours trading is available Monday through Friday on days when the market is open. As a result eldorado gold stock chart td ameritrade payment for order flow the conversion feature, however, the interest rate or dividend preference on a convertible security is generally less than would be the case if the securities were issued in nonconvertible form. In selecting portfolio securities, the Fund will generally employ easy indicators thinkorswim quantconnect regression channel properties value-oriented analysis, but may purchase equity securities based on a growth-oriented analysis when such securities pay dividends or Fund management believes such securities have particulary good prospects for capital appreciation. What are the current offers for opening an account?

The deferred sales charge alternatives may be particularly appealing to investors that do not qualify for the reduction in initial sales charges. Please note that you can only transfer money between your brokerage accounts on the Merrill Edge website. Insider trading occurs when a person buys or sells a company's securities based on non-public information about that company. Settlement and clearance procedures in certain foreign markets differ significantly from those in the United States. Certain transactions in Derivatives such as futures transactions or sales of put options involve substantial leverage risk and may expose the Fund to potential losses that exceed the amount originally invested by the Fund. Number of commission-free ETFs. The investment objective of Merrill Lynch Equity Income Fund the "Fund" is to seek long-term total return and current income. Like other investment companies and business organizations, including the companies in which the Fund invests, the Fund could be adversely affected if the transition to euro, or EMU as a whole, does not proceed as planned or if a participating country withdraws from EMU. If you redeem Class A or Class D shares and within 30 days buy new shares of the same class, you will not pay a sales charge on the new purchase amount. No transfers will be processed for CDs that mature beyond 21 days. Some foreign banks and securities depositories may be recently organized or new to the foreign custody business. A transfer of shares from a shareholder's account to another account will be assumed to be made in the same order as a redemption. Small Business Accounts. In addition, the governments of certain countries may prohibit or impose substantial restrictions on foreign investing in their capital markets or in certain industries. Five tabs across the top of the screen keep the broker's features at your fingertips. See fee details for bonds. Schedule an appointment. Portfolio X-Ray from Morningstar is also available on the website, while MarketPro has its own customizable portfolio analysis tool. Acquisition of Certain Investment Companies.

Merrill Edge

Click here to read our full methodology. The Exchange generally closes at p. The Fund may write call options on securities to earn income, through the receipt of option premiums; the Fund may write call options on securities indices for hedging purposes. The Fund's portfolio, in the aggregate, will be structured in a manner designed to seek long-term capital appreciation as well as net portfolio yield in excess of the average yield of mutual funds invested primarily in U. The use of leverage by the Fund creates an opportunity for greater total return, but, at the same time, creates special risks. Small Business Accounts. Best index funds in July Investing. No initial sales charge applies to Class A or Class D shares that you buy through reinvestment of dividends. Class B shares are offered to certain participants in Blueprint. If you would like further information about the Fund, including how it invests, please see the Statement of Additional Information. Limited, an affiliate, under which the Manager may pay a fee for services it receives. Street, N. Not everyone is eligible to buy every class. The Preferred Rewards program can offer great value for loans or for discounts on the management fee assessed by the robo-advisor, Merrill Edge Guided Investing. Because the selection of a mutual fund involves many considerations, your Merrill Lynch Financial Consultant may help you with this decision. Our Take 5. Currency Options. Certain financial intermediaries may charge additional fees in connection with transactions in Fund shares.

The value of a convertible security viewed without regard to its conversion feature i. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of equity securities. A call option will also be considered covered if the Fund owns the ninjatrader 8 how to replay historical data short term trading strategies pdf it would be required to deliver upon exercise of the option or, in the case of option on a securities index, securities which substantially correlate with the performance of such index or owns a call option, warrant or convertible instrument that is immediately exercisable for, or convertible into, such security. Reinvested Dividends. The Fund's audited financial statements are incorporated in this Statement of Additional Information by reference to its annual report to shareholders. Since it is convertible into common stock, the convertible also has the same types of market and issuer risk as the underlying common stock. The Fund seeks to achieve its objective by investing can you open a hsa with etrade islamic usa stock online broker in a portfolio of equity securities. The Fund may engage in various portfolio strategies involving options and futures to seek to increase its return and to hedge its portfolio against movements in the equity markets, interest rates and exchange rates between currencies. Tradable securities.

If you select Class B or Class C shares, you do not pay an initial sales charge at the time of purchase. Settlement Risk. The risk premium is the amount the investor should expect to receive for risking the loss of his or her money for making the investment. The Distributor will pay certain promotional expenses of the Fund incurred in connection price action macd indicator finviz cron the offering of shares of the Fund. Such waiver is subject to the requirement that the investors have held the tendered shares for a minimum of one year and to such other conditions as are set forth in the what penny stocks to buy in cant open a brokerage account for the related closed-end fund. Letter of Intent. Merrill Edge added a searchable database of the past six months' worth of analyst reports for approximately 1, equities to the website. Debt Securities. If you exchange your Class B shares in the Fund for Class B shares of a fund with a longer conversion schedule, the other fund's conversion schedule will apply. Free and extensive.

Though quotes do not stream on mobile, you can update price data or news feeds by dragging the page down and letting go. Government securities recognized as a "primary dealer" by the Federal Reserve Bank of New York and the Fund has the unconditional contractual right to repurchase such OTC option at a predetermined price, then the Fund will treat as illiquid such amount of the underlying securities as is equal to the repurchase price less the amount by which the option is "in-the-money" i. For performance information current to the most recent month end, please contact us. Any Class B shares received through reinvestment of dividends paid on converting shares will also convert at that time. See: How do I deposit money into my Merrill account? Full Review Merrill Edge appeals to casual traders with a powerful combination of robust research and competitive pricing, including unlimited free trades on stocks and ETFs. This is because securities traded on foreign markets have often though not always performed differently than securities in the United States. Foreign Exchange Transactions. It may not be possible for the Fund to hedge against currency exchange rate movements, even if correctly anticipated, in the event that i the currency exchange rate is so generally anticipated that the. Department of State, from to You can make an immediate, one-time transfer between accounts, schedule transfers in the future and set up recurring transfers. After approximately eight years the "Conversion Period" , Class B shares will be converted automatically into Class D shares of the Fund. However, such investments involve special risks not present in U. Such loans are terminable at any time and the borrower, after notice, is required to return borrowed securities within five business days.

Account Options

In order to exercise this investment option, a shareholder of one of the above-referenced continuously offered closed-end funds an "eligible fund" must sell his or her shares of common stock of the eligible fund the "eligible shares" back to the eligible fund in connection with a tender offer conducted by the eligible fund and reinvest the proceeds. European Economic and Monetary Union. This and other information may be found in each fund's prospectus or summary prospectus, if available. About 2, Accordingly, no CDSC will be imposed on increases in net asset value above the initial purchase price. To receive separate shareholder reports for each account, call your Merrill Lynch Financial Consultant or write to the Transfer Agent at its mailing address. The Fund's audited financial statements are incorporated in this Statement of Additional Information by reference to its annual report to shareholders. When the Fund purchases a put option, in consideration for an upfront payment the "option premium" the Fund acquires a right to sell to another party specified securities owned by the Fund at a specified price the "exercise price" on or before a specified date the "expiration date" , in the case of an option on securities, or to receive from another party a payment based on the amount a specified securities index declines below a specified level on or before the expiration date, in the case of an option on a securities index. As to purchase orders received by securities dealers or other financial intermediaries prior to the close of business on the New York Stock Exchange the "NYSE" generally p. Merrill Edge added a searchable database of the past six months' worth of analyst reports for approximately 1, equities to the website. Investopedia requires writers to use primary sources to support their work. Your Financial Consultant can help you determine whether you are eligible to buy Class A shares or to participate in any of these programs. Eastern Time which includes orders received after the determination of net asset value on the previous day, the applicable offering price will be based on the net asset value on the day the order is placed with the Distributor, provided that the orders are received by the Distributor prior to 30 minutes after the close of business on the NYSE on that day. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than shorter term securities.

Identity Theft Resource Center. The Fund may invest in debt securities of any maturity that are rated in the four highest quality ratings as determined by either Moody's Investors Service, Inc. Step-by-Step Guidance. The risk-free rate is the rate of return on an investment when there is no chance of financial loss. Merrill Lynch Investment Managers, L. When the Fund writes a call option, in return for an option premium the Fund gives another party the right to buy specified securities owned by the Fund at the exercise price on or before the expiration date, in the case of an option on securities, or agrees to pay to another party an amount based on any gain in a specified securities index beyond a specified level on or before the expiration date, in the case of an option on a securities index. The Fund may engage in spot and forward foreign exchange transactions and currency swaps, purchase and sell options on currencies and purchase and sell currency futures and related options thereon collectively, "Currency Instruments" for purposes of hedging. As a result, the Fund may lose money and there may be a cme bitcoin futures expiration date bitcoin for us dollar in recovering the loaned securities. However, because the risk is low, the rate of return is also lower than other types of investments.