Mutual Fund Total Cost Checklist
We have developed a mutual fund total cost checklist. Use the checklist to compare similar funds. Do not invest in any fund before completing the checklist.
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Many mutual fund companies will waive certain fees. To determine which fees they will waive, simply ask them to waive each fee. It cannot hurt to ask. Many times they will agree to waive some or all fees. |
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Fee/cost/expense |
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Fund 2 |
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No-load
specific but apply to loaded funds as well |
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Redemption fee |
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Exchange fee |
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Account fee |
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| Annual fee | ||
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Custodial fee (IRAs) |
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Purchase fee |
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Management fee |
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Legal expenses |
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Accounting expenses |
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Extraneous administrative expenses |
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Transfer agent expenses |
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Total expense ratio |
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Front-end sales load |
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Back-end sales load |
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Deferred sales charge (load) |
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| Contingent deferred sales load | ||
| Sales loads | ||
| 12b-1 fee | ||
| Total expense ratio | ||
One can complete the checklist using the fund's prospectus or simply by phoning the mutual fund company.
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The advantage of phoning is being able to determine which of the fees are optional. |
This concludes the mutual fund portion of this training module. The remainder of the module will teach you how to create and maintain your own high-yield portfolio.
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This would be a good place to take a break if your eyes look like mine. |
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Next |
| (page 17 of 34) | |
