Dont Get Loaded Down By Your Mutual Fund!

[Bill Lussenheide]

With mutual funds and their prospectuses, there is constant reference to "A"
shares, "B" shares etc.
Although most often you will see references to A, B, and C classes of
shares , Fidelity also has T shares, Putnam M shares, and Fortis also has H
shares. You can even find Y and Z shares!

Until 1986, all mutual funds were either sold with a sales charge called a
front-end load, or purchased directly from the fund company without a
salesman's commission, and called of course a no-load fund. Basically that
was the limit of things, two classes of funds - No Load or Load.

In the late 1980's different mutual fund companies began adding other fees
beyond the usual overhead charges and management fees. No-load giants such
as Janus, Fidelity, and T. Rowe Price created "advisor class" shares in
addition to offering their straight up No Load offerings. This was an
attempt to have the best of all worlds, offering no load funds to more
sophisticated investors, yet offering the same funds under different class
designations with higher fee structures in order to pay salesman to promote
the funds.

Learn more about mutual fund fees and how to avoid "Getting Loaded Down By
Your Mutual Fund" in my free article at:

http://www.InvestmentWarrior.com

(CLICK ON THE NEWSLETTER ICON & THEN "MONTHLY ARTICLE")

Bill Lussenheide