Our list consists of no-load diversified U.S. equity funds with the best records since March 2000.
The Schwab no-load has a slightly lower expense ratio (35 basis points) and a higher turnover (27%).
These fund companies almost always have higher fees and worse net performance than no-load funds.
His no-load Thurlow Growth Fund for U.S. investors is up a stunning 28% through Aug. 31.
Liken it to the difference between a no-load index fund and an index ETF.
But a dirty secret is this: Average, no-load fund investors do much worse than the funds--or the market.
To keep costs low, Vanguard -- and many other no-load families -- refuses to pay the required fees.
Consider discount brokerage companies like Charles Schwab and TD Ameritrade and no-load mutual fund companies like Vanguard and Fidelity.
The efficient way to do this is through cheap exchange-traded and no-load funds.
Not all supermarkets are created equal, especially when it comes to the number of praiseworthy no-load-no-transaction-fee funds they offer.
To some degree, the supermarket concept, with its bargain-basement no-load-no-transaction-fee lure, is misleading.
Headquartered in San Antonio, Texas, it manages 13 no-load mutual funds in the U.S. Global Investors fund family.
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Most of the supermarkets levy a transaction fee if you sell a no-load-no- transaction-fee fund within 45 to 90 days.
These programs allow no-load funds from different families to be bought without transaction fees while consolidating holdings in one statement.
Brown's investing strategy is momentum-based: She owns no-load funds outperforming their peers based on one-, three-, six- and 12-month performance.
Without a sales commission to deter trading, no-load investors hold their positions for an average of a year and a half.
One reason the numbers vary is that a given fund can be bought no-load-no-transaction-fee in one supermarket but not in another.
Morningstar tracks just a handful of Japan mutual funds, and some, including the two no-load Hennessy funds, have comparatively high fees.
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To smaller investors we recommend buying no-load funds with reasonable expense ratios.
They can buy a no-load mutual fund from Nomura Asset Management Co.
Discount brokers and no-load fund companies generally offer different levels of service.
He emphasized domestic and foreign equity funds, both load and no-load, which are four times more profitable for Federated than money market funds.
Fidelity is among the leading supermarkets, and many of its popular funds can be bought for no-load- no-transaction-fee only at Fidelity and Siebert.
But Price, with 19 of its own top-rated no- load-no-transaction-fee funds in its supermarket, rounds that out with 20 similar products from others.
You can minimize these by choosing a discount brokerage or no-load mutual fund company like Vanguard, Fidelity, Charles Schwab, TD Ameritrade, or Scottrade.
Well-regarded Fidelity manager Karen Firestone's Advisor Large Cap Fund (3.5% load, 1.4% expense) and Fidelity Destiny I (no-load, 0.46%) are a lot alike.
If your unrealized capital losses are in no-load mutual funds, the first and third points would not apply (unless you are subject to a redemption fee).
Dull but highly tax-efficient and extremely low cost: This no-load index fund attempts to mimic the Wilshire 5000 by investing in large, mid and small caps.
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