Fund FAQs

• How can I find and request information on Turner Investments and its funds?
• What services does the Turner website offer?
• Can I update my account information online?
• Will my information be kept confidential?
• What is the minimum I can invest in your various funds?
• How does your automatic investment system work?
• What fees does Turner charge?
• When do Turner Funds pay dividends and capital gains?
• How can I open a Turner IRA?
• Where can I find year-end tax information (1099s)
• Are Turner Funds available through brokers, and what will the Fund expenses be?
• When will closed Funds be open to new investors?
• Company ABC was in the news today/I don't approve of the business of Company ABC. Does [my Turner fund] own it?
• Are Turner's stock-fund managers authorized to buy or sell options or futures contracts? Sell short? Buy on margin?

How can I find and request information on Turner Investments and its Funds?

• Our website offers links to Turner Funds. From our home page, choose “Products and Strategies” and click on the Turner Funds tab. Here you’ll find profiles on each of the Funds – performance, portfolio information, distributions, fees and expenses, and literature.
• Our Library provides Fund fact sheets, commentary, and profiles as well as links to Fund literature, prospectus, forms, applications and tax information.
• You can download a pdf version of the Prospectus, or request one to be mailed to you directly. This can be done online or by contacting Turner at 1-800-224-6312.
• Application Forms (pdf) are available for downloading in our Library.
• Search our website for additional information by entering key words in the search engine in the navigation bar at the bottom of your screen.
• The Contact Us section provides information to contact us directly through phone or e-mail.

What services does the Turner Website offer?

• You can set up a Fund account with Turner and, after establishing your PIN/password, you can view your account, buy, sell, exchange, or transfer funds online.
• You can set up additional accounts online and complete all of the transactions listed above.
• Our site offers complete information on our Funds, including investment philosophies and processes, names and backgrounds of portfolio managers, daily prices, and performance data on a daily, monthly, and quarterly basis.
• You can download Fund applications and a Prospectus.

Can I update my account information online?

Some information may be updated online, while other changes require confirmation by hard copy:

• You can change the amount and/or frequency of your Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) online.
• You can change your address on our website, but there is a redemption freeze for 30 days if you do so.
• You must inform us of changes to your account information, such as changes in your name, bank, and beneficiary(ies), in a signature-guaranteed letter. To do this, prepare an unsigned letter describing the account changes and take it to your bank. Have your bank’s designated person witness your signature and add his/her own signature as verification. Do not use a notary public for this procedure. Mail your signature-guaranteed letter to P.O. Box 219805, Kansas City, MO 64121-9805.

Will my information be kept confidential?

Turner's Privacy Policy details your rights and responsibilities. Turner does not rent, sell, or trade information about our clients. Your account information is protected by Secure Sockets Layer (SSL) 128-bit encryption, the most secure system available.
 

What is the minimum I can invest in your various funds?
The minimum initial investment is $2,500 for regular accounts and $2,000 for Individual Retirement Accounts (IRAs). If you invest through our Systematic Investment Plan (SIP), you can open an account for as little as $100.

Once you set up your account, you can do the following:
1. Add to your investments through the Systematic Investment Plan (SIP);
2. Exchange between Funds by phone or the Internet;
3. Receive regular distributions via your Systematic Withdrawal Plan (SWP); and,
4. Transmit money for investment by wire, ACH, or check.

 

How does your automatic investment system work?

• You can apply for our Systematic Investment Plan (SIP) by completing the appropriate section of the New Account Application.

• After your initial deposit ($100), you can sign up for an automatic investment of as little as $25 per month.
• You can choose to invest on the 1st or 15th of every month, quarterly, or annually.
• Your investment will automatically be deducted from your checking account. There is no fee from the Turner Funds for this service.
• You can change the amount and frequency of your monthly automatic investment.
• You have the freedom to skip a cycle or discontinue participating in the Systematic Investment Plan without incurring a fee.

What fees does Turner charge?

• Each fund has annual operating expenses. Please see individual Fund profiles or Prospectus for other fees and expenses for each Fund.

• We do not charge a fee to move money from your bank account to your mutual-fund account, although we have no control over what your bank charges.
• There is a $15 annual maintenance fee for Turner IRA accounts.

When do Turner funds pay dividends and capital gains?

• The Turner Funds pay dividends and capital gains distributions, if any, annually, in December.
• We post distributions on our website in each Fund profile under “Distributions” as well as in our Library’s Mutual Fund Documents directory under, “Tax Information.”

How can I open a Turner IRA?

• IRA applications are available on our website, or you can order an investor kit to be mailed to you.
• To transfer an IRA from another firm to Turner, you need to complete two applications: the IRA Adoption Agreement Application and the IRA Rollover/Asset Transfer Application. The first application will open an IRA account for you and the second application will allow us to transfer the assets from your current fund.
• Turner offers SEP IRAs, IRAs, ROTH IRAs and COVERDELL Education Savings accounts.

Where can I find year-end tax information (1099s)?

• 1099 forms are generally not offered on our website, although we do maintain a summary of fund distributions on the site.
• We post distributions in each Fund profile under “Distributions” as well as in our Library’s Mutual Fund Documents directory under, “Tax Information.”
• For a copy of your 1099 or any other tax information, please contact Turner.

Are Turner Funds available through brokers, and what will the fund expenses be?

Turner Funds are available directly from us or through most brokerage firms. We do not control what an individual broker may charge for its services.
 

When will closed funds be open to new investors?

The Funds that are closed are not anticipated to reopen.
 

Company ABC was in the news today/I don't approve of the business of Company ABC. Does [my Turner fund] own it?

Each Turner Fund invests according to the investment philosophy and strategy set out in the Prospectus. There are currently no Turner Funds with socially-conscious mandates. We recommend that all investors read the Prospectus carefully before investing in any mutual fund, and that they continue to review Fund information to stay updated on the Fund’s investment goals, strategy, process, and performance.

Are Turner's stock-fund managers authorized to buy or sell options or futures contracts? Sell short? Buy on margin?

Currently the Turner Funds do not use any of these strategies; however, these strategies are allowed as permitted investments, as detailed in the Funds’ Prospectus/Statement of Additional Information (SAI).