JPMorgan [see profile] has brought down the maximum load imposed on A share purchases of the JPMorgan Diversified Fund from 525 basis points to 450 bps. The reduction took effect yesterday. [SEC filing]

"The JPMorgan Diversified Fund is changing its asset classification from equity to asset allocation; this is why we have changed the front-end sales charge to be in line with other asset allocation funds," company spokeswoman Kristen Chambers wrote in e-mailed comments to The MFWire.com.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE