The Eaton Vance product carries a 2.25% front-end load, making it useless for a short-term investor.
These funds charge a 5.25% front-end load and annual expenses of 1.2% of assets.
This effectively precludes front-end load funds unless the initial investment is large enough to eliminate the load.
FORBES: Put Intermediate Muni Funds In Your Portfolio's Rotation
There is a 3% front-end load and .75% on the way out and expenses run 1.29% of assets.
Front-end load is a nasty cost because it hurts investors in two ways.
Her fund charges a 5.75% front-end load and 1.3% a year in fees.
Assuming a three-year holding period (the average length of investment in mutual funds), this front-end load is costing investors 2.1% per year.
Buy a mutual fund with a 5.75% front-end load--an alias for a commission--from the same broker, and the commission won't be on the bill.
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).
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.
Morgan Fleming European ( VEUCX) funds are no load, but AIM European Small Company has a front-end sales charge.
应用推荐