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Traditional IRA / Roth IRA Account
You may be eligible to set up an account under a tax-sheltered retirement plan.
These types of accounts enable you to accumulate savings faster than a conventional
savings plan, because the earnings generated in IRAs grow free from federal income tax.
Traditional IRA contributions may even be tax-deductible. For visit
our Traditional and Roth IRAs
information page.
Coverdell Education Savings
Account
Education
Savings Accounts were established to help individuals and families save for
future education expenses. Unlike conventional investment plans, earnings on
contributions up to the $2,000 per year limit in an Education Savings
Account grow free from federal income tax. Contributions sheltered from
taxes allow all of the money to remain in the Education Savings Account and
to compound year-after-year leaving the student, for whom the account is
established, with a larger asset pool than could be saved through equal
investments in a regular taxable account. For more information, visit our Investing
for a Child's Education information page.
- UGMA/UTMA (Uniform Gift/Transfer to Minors Act Account)
These types of accounts allow adults to contribute to a custodial account in a minor's
name without having to establish a trust or name a legal guardian. Only one minor and one
custodian may be registered on a single account. To open an account, the custodian must be
18 years of age or older, and the account application and all subsequent instructions must
be signed by the custodian. The minor’s Social Security number and date of birth must
be included on the application. Proceeds of the account may not be transferred to any
account held beneficially by any person other than the minor. Once the money has been
gifted to the minor in this way, it is the property of the minor, who then receives the
funds at the age of majority. For more information, visit our Investing for a Child's
Education information page.
- Trust Account
Established trusts may open an account. The names of the trustees and the date of
the trust agreement are required on the account application.
- Corporation, Partnership, or other entity Account
A corporate account may be established. Corporations are required to furnish a
Corporate Resolution to open an account and to authorize redemptions. Partnerships and
other business entities are also required to furnish other documentation to open an
account or authorize redemptions. For more information and to obtain a Corporate Resolution form,
contact us or call a Westcore Investor
Service Representative at 1-800-392-CORE (2673).
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Account Minimums |
| Westcore Funds requires a low minimum amount to open
an account, relative to many other fund companies. We also offer flexibility with the
Westcore Automatic Investment Plan. |
| To open a new
account |
$2,500 |
| To open a new
retirement account or UGMA/UTMA Account |
$1,000 |
| To open a new
account with the Westcore Automatic Investment Plan |
$1,000 |
| Automatic
Investments |
Equivalent to
$100 per month |
| To add to any
type of account |
$100 |
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| By
Mail |
Purchases,
exchanges, and redemptions may be mailed to Westcore Funds,
P.O. Box 44323, Denver, CO 80201-4323. |
| In Person |
A
Westcore Investor Service Representative will be happy
to assist you at 1290 Broadway, Suite 1100, Denver, CO
80203, weekdays from 7 a.m. to 6 p.m. Mountain Time. |
| By Telephone |
Call 1-800-392-CORE
(2673) to place transactions with a Westcore Investor Service Representative
during normal business hours, weekdays from 7 a.m. to 6 p.m. Mountain Time, or by using
the Westcore Automated Service Line 24
hours a day. |
| By Computer |
Visit the
Westcore Trans@ction Center to place
transactions, day or night. |
| By Wire |
To place purchases by
wire, please call 1-800-392-CORE (2673) to receive wiring instructions.
To place redemptions by wire, you must have bank information set up on your account. Go to
Account Changes for instructions on how to
add bank information on your account. |
Purchasing
Shares
Opening a New Account:
To open a new Westcore Funds account, please carefully read the prospectus, complete the new
account application, and mail it with your check to:
Westcore Funds
P.O. Box 44323
Denver, CO 80201-4323Existing Westcore Shareholders:
If you are an existing Westcore shareholder, you may open a new account in another
Westcore Fund with identical registration and account options as your existing account by
any of the methods listed above.
Please make checks payable to Westcore Funds in U.S. dollars and drawn on a bank located
in the U.S. You may not purchase shares by cash, credit card, third-party checks, or checks
drawn on foreign banks. If you are purchasing shares in a retirement account, please
indicate whether the purchase is a rollover or a current or prior year contribution. |
Exchanging Shares
Existing Westcore Shareholders:
If you are an existing Westcore shareholder, you may exchange from your existing account
into a new account with identical registration and account options by any of the methods
listed above.You may exchange your Fund shares for shares of the other Westcore
Funds
or the BlackRock Money Market Portfolio. Exchanges must meet the Minimum Investments requirement. Exchanges between
accounts will be accepted only if the registrations are identical. You should read the prospectus for the Fund into
which you are exchanging.
IMPORTANT: Please remember an exchange
represents the sale of shares from one fund and the purchase of shares of another fund,
which may produce a taxable gain or loss in a non-retirement account. For further
information on the exchange privilege, please contact us or call a Westcore Investor
Service Representative at 1-800-392-CORE (2673). |
Redeeming Shares
Redemption proceeds generally will be sent by check to the shareholder(s) of record at the
address of record within seven business days after receipt of a valid redemption request.
If you have authorized the wire redemption service, your redemption proceeds will be wired
directly into your designated bank account, normally on the next business day after receipt
of a valid redemption request. If you have authorized the electronic funds transfer
service, your redemption proceeds will be transferred directly into your designated bank
account, normally on the second business day after receipt of a valid redemption request.
If the shares being redeemed are held in certificate form, the certificate must be
returned with or before your redemption request. If the shares being redeemed were
purchased by check, telephone, computer, or through the Automatic Investment Plan, Westcore
may delay the mailing of your redemption check for up to 15 days from the day of purchase
to allow the purchase to clear. |
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Effective December 1,
2001, Westcore Funds began imposing a 2.00% redemption fee on Fund
shares redeemed (including in connection with an exchange) within 3
months or less from their date of purchase.
The fee is paid directly to the Funds rather than the
Adviser and is intended to encourage long-term investment
in the Funds and to the extent that short-term trading
persists, to offset brokerage commissions, market impact,
transaction costs and other expenses associated with
short-term trading. For purposes of determining whether
the redemption fee applies, the shares that were held
the longest will be redeemed first.
The redemption fee will not be charged on transactions
involving the following:
1. redemption of shares purchased through reinvested
dividends or distributions.
2. redemption of shares purchased through certain qualified
plans, including retirement and deferred compensation
plans maintained pursuant to Sections 401, 403 and 457
of the Internal Revenue Code and "rabbi trusts".
3. certain investment programs administered by financial
intermediaries that represent to management at least
annually that they too discourage short-term trading
activity and the primary extent of their short-term
trading activity is expected to be limited to periodic
rebalancing programs to meet asset allocation targets.
4. redemption of shares purchased through "omnibus
accounts" maintained by Service Organizations that
have represented to management at least annually that
for administrative reasons they are unable to apply
the redemption fee to underlying shareholders. The Funds
will implement the redemption fee in a timely manner
(at least 90 days) once the Service Organization provides
written notice to the Funds of its ability to apply
the redemption fee.
5. redemption of shares initiated by a fund (i.e. liquidation
or merger of a fund).
6. redemption resulting from the IRS required minimum
distribution rules.
7. redemption in the event of death.
Westcore Funds reserves the right to impose the redemption
fee on exempted transactions, qualified plans or investment
programs described above if management believes that
disruptive short-term trading is present and it or a
third party has the necessary account information to
impose the redemption fee. In addition, Westcore Funds
reserves the right to waive the redemption fee in other
circumstances at its discretion if such waiver is approved
by both the Fund's President and Treasurer and disclosed
at the next scheduled Board of Trustees Meeting. Under
no circumstances will any waiver involve any compensation
or other consideration received by the Funds, the Adviser,
or any other party pursuant to such arrangements.
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The Westcore Automatic Investment Plan* is an
excellent way to establish a regular investment plan – monthly, quarterly or
annually. The Westcore Automatic Investment Plan lets you invest directly from your bank
checking or savings account for as little as $100 a month.
Additionally, there is a low minimum initial investment of $1,000 when opening a new account with the
Westcore Automatic Investment Plan.
*There can be no assurance that dollar-cost
averaging with the Westcore Automatic Investment Plan will ensure a profit or protect for
a loss. |
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How
to Start Investing with Westcore |
Everything you need to start investing with Westcore is
right here:
Get the facts about Westcore with a Westcore Funds Prospectus.
Open a new account with a Westcore Account Application.
Learn more about Westcore IRAs with a Westcore IRA Brochure.
Open an IRA account with a Westcore IRA Application and
Transfer Form.
Find out about Westcore Coverdell Education
Savings Accounts in this brochure.
Open a Coverdell Education Savings Account
with Westcore.
An investor should
consider investment objectives, risks, charges and expenses of the
Fund(s) carefully before investing. Click here for a prospectus,
which contains this and other important information. Please read the
prospectus carefully before investing.
Westcore Funds are
distributed by ALPS Distributors, Inc. |
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