Given the recent strength in the labor market, we would expect the Fed to raise rates at least twice more, in 0.25% increments, but a third or fourth rate-hike in our view will be largely dependent on the incoming jobs and inflation data. It is our pleasure to provide you with the Edward Jones Money Market Fund (the "Fund") annual report for the fiscal year ended February 28, 2022. Edward Jones. In 2004, the firm faced allegations that it hadn't disclosed conflicts of interest. Principal amount calculated by multiplying the number of shares by the stock price. Bonds also rebounded some, with the 10-year Treasury yield falling below 4% after topping that level yesterday for the first time since November 2022. Important information regarding your accounts with Edward Jones. It scales down from there, reaching a rate of 0.50% for assets valued over $10m. Edward Jones review: 3 pluses, 3 minuses | finder.com 0000028897 00000 n Edward Jones offers fiduciary services, but you shouldn't assume that your service has a fiduciary obligation unless the plan explicitly says so. Systematic investing does not guarantee a profit or protect against loss. The current suite of brokered certificates of deposit offered through Edward Jones are, for the most part, less competitive than the current national average for their respective terms. Total commission may vary for trades executed over multiple days and is added to a $4.95 transaction fee per trade. For example, when you use a product in the Guided Solutions or Advisory Solutions category, your fee will be a percentage of the asset value in the account. Other than the current trend of rising yields, brokered CDs have some additional noteworthy features. 0000013958 00000 n First $250,000 1.35% $250,000 - $500,000 1.30% A money market account is insured by the FDIC for up to $250,000 per account holder. Edward Jones is a member of SIPC and deposit products with this firm are insured up to $250,000 per depositor. endstream endobj startxref Edward Jones Money Market Fund - Retirement Shares (CUSIP 48019P201) 03-02-2023 3 Six-Month History of Rule 2a-7 Liquidity (cont.) Edward Jones does not charge commissions or fees on the purchase or sale of money market mutual funds. Earnings revisions bottoming: We are now over 95% through fourth quarter S&P 500 earnings, which have been mixed at best, with earnings growth for the quarter tracking to about -4.6% year-over-year.

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