But a dirty secret is this: Average, no-load fund investors do much worse than the funds--or the market.
Discount brokers and no-load fund companies generally offer different levels of service.
Sheldon Jacobs , editor of The No-Load Fund Investor, has a ten-year risk-adjusted return that puts him among the top five fund letters, according to Hulbert.
It's rare, but sometimes a good manager at an expensive load fund can be found making a little extra money on the side by also running a cheaper, comparable no-load fund.
Front-loaded funds put less money to work right away because of a front-end commission of 8% or so, but if the fund is well managed, it is a better investment than a no-load fund that underperforms.
Veteran fund picker Sheldon Jacobs, editor of the No-Load Fund Investor, is delighted with the boost his favorite international equity fund gave his model portfolios last month: Longleaf Partners International ( LLINX) was up 14.2% in April.
Liken it to the difference between a no-load index fund and an index ETF.
Consider discount brokerage companies like Charles Schwab and TD Ameritrade and no-load mutual fund companies like Vanguard and Fidelity.
They can buy a no-load mutual fund from Nomura Asset Management Co.
You can minimize these by choosing a discount brokerage or no-load mutual fund company like Vanguard, Fidelity, Charles Schwab, TD Ameritrade, or Scottrade.
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.
Rowe, which operates one of the largest no-load mutual fund complexes in the U.S. Some 75% of its assets under management is invested in equities and 25% in target-date retirement funds.
My picks declined an average 6% by year-end and would have left you 3% poorer than a hypothetical investor putting the same money at the same dates into a no-load index fund.
His no-load Thurlow Growth Fund for U.S. investors is up a stunning 28% through Aug. 31.
Berry likes the similar Eaton Vance Floating-Rate Fund, yielding 1.9% after expenses of 1.8%, for its "steady performance and proven management" and the no-load Fidelity Floating Rate High Income Fund, which is returning 2.9% after expenses of 0.9%.
Most of the supermarkets levy a transaction fee if you sell a no-load-no- transaction-fee fund within 45 to 90 days.
The easy choice here is the Vanguard Health Care Fund, a no-load with low expenses and a superb performance record: 16% a year since inception in 1984.
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.
The AmSouth Small Cap Growth Fund, with a 5.5% load and 1.6% expense ratio, has beaten the Target Small Capitalization Growth Fund, which is a no-load and charges 1%.
Thanks to the proliferation of no-load mutual funds, exchange-traded funds and mutual fund products like Fidelity sector funds and Vanguard's VIPERs, the choices for investors are wider than the culinary options at a Las Vegas buffet.
Headquartered in San Antonio, Texas, it manages 13 no-load mutual funds in the U.S. Global Investors fund family.
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The company, headquartered in San Antonio, Texas, manages 13 no-load mutual funds in the U.S. Global Investors fund family, as well as funds for international clients.
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Contrast this with the 0.05% annualized transaction costs (with no front-end load) for our highest rated small-cap growth mutual fund, Virtus Equity Trust: Virtus Small-Cap Core Fund (PKSFX).
These fund companies almost always have higher fees and worse net performance than no-load funds.
To help make this pill palatable to working-class investors, fund families often stress at some point there will be no big, one-time front-end load, such as the 5.75% sales charge for traditional Class A fund shares.
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