You can find no-load funds
in just about any category--mid-cap funds, large-cap funds, value funds, and bond funds--so, no matter which area you have an interest in, you should be able to find one that suits your investment style.
With the preponderance of no-load funds
, along with their vast advertising and promotional budgets, one might expect that most sales would be direct.
Books on low-cost or no-load funds
, available at many bookstores, are a good resource.
The WellsTrade account provides access to over 2,000 no-load mutual funds from many well-known fund families, including more than 800 no-load funds
that are available to all customers without transaction fees.
You could buy no-load funds
from many different families through Schwab," says Chip Roame, managing principal of Tiburon Strategic Advisors, a Tiburon, California-based consulting firm specializing in the financial services industry, "even though you'd pay a discount brokerage commission.
don't charge a commission when an investor buys or sells, but all funds charge annual fees to pay the people who run the fund.
The alleged deceptive course of conduct involved, but was not limited to, (a) false and misleading statements about the volatility of no-load funds
, (b) the purpose and effect of a fifty (50) percent front load on the first twelve (12) installments under the Plan; (c) the charges associated with the periodic payments plans sold to the named plaintiffs and class members; (d) the representation that the financial planning document known as a Family Financial Plan (FFP) was an objective analysis of the clients needs and (e) the use of former officers as sales representatives.
We recommend no-load funds
, which you can purchase directly from a mutual fund company.
Indeed, if one presumed benefit of distribution services is the selection of lower-cost index funds, one would expect no-load and load funds to have lower - not higher - operating expenses than true no-load funds
We recommend purchasing no-load funds
(see "The Right Fund at the Right Price," Moneywise, July 1999).
While Scottrade will begin charging a transaction fee on funds offered by these fund families, customers can continue to buy, sell and exchange more than 875 no-load funds
online with no transaction fees.
100% no-load funds
shares are purchased at net asset value directly from the sponsoring fund organizations without marketing and sales charges, deferred sales charges, fixed redemption fees or 12b-1 fees, all of which are deducted from load fund investments solely to support sales and marketing, Straus says.