However, when I look at most of the Vanguard profiles, there's a 5% load on most of them. The Wellington fund, in particular, states that it's a no-load fund, yet it has the same 5% load or up-front fee. Why is this?
I was under the impression that no-load funds were just that. Like if a person put 100K into a no-load fund, and said fund advertised a 0.5% fee, then a person would pay just 0.5% of 100k every year to own the fund (not including taxes and things like that).
I'm obviously wrong on this.. but that was my understanding.
Any help is appreciated.
2006-12-23 08:58:16 · 10 answers · asked by tlc289 4 in Business & Finance ➔ Investing
Vanguard is a no load mutual fund company. If you buy direct from Vanguard, there are no loads on any of their funds. However, if you buy Vanguard funds from your broker, there may be a load charged, but it's charged by your broker and NOT Vanguard.
FYI - Janus took a major bath when the market crashed a few years back. They were way overloaded in the tech sector. Not sure I'd give them much cred since they didn't follow Rule #1 of long term investing - diversification...
2006-12-23 11:38:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The vanguard wellington fund is indeed no load. There is no fee for purchases or sales. The annual expense fee is 0.30%. If, however you are looking at purchasing this fund through another broker and not directly from vanguard, the other broker may be adding the 5% load, not vanguard. If you want to buy it, do it directly from vanguard. Attached link will take you to the information.
2006-12-23 10:14:34 · answer #2 · answered by oakhill 6 · 1⤊ 0⤋
I don't pay a load on my Vanguard funds.
2006-12-23 10:54:33 · answer #3 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
It could be the initial deposit was loaded, then additional deposits are not. I would call Vanguard and ask them to explain. Sounds like a good catch of the 'fine-print'.
2006-12-23 09:01:56 · answer #4 · answered by KC 4 · 1⤊ 0⤋
mutual money are oftentimes tremendous long term investments. learn and determine any mutual fund you go with for to take a place in has a reliable long term song record. they're diverse so which you dont could subject some single inventory failing and dropping all your money
2016-10-18 22:22:28 · answer #5 · answered by swindler 4 · 0⤊ 0⤋
Janus Funds are much better and have minimal management fees...most are under 1% a year and all are no load funds.
2006-12-23 09:38:43 · answer #6 · answered by Dick Richards 3 · 0⤊ 2⤋
Vanguard never never charges commissions. They don't have sales staff. In fact, Vanguard is owned by its customers. Yes, thanks to a unique ownership structure, Vanguard is owned by its customers.
The information you cite is simply wrong. I have been a Vanguard customer for 30 years. They do not nor have never have charged anyone a commission.
Who would they pay it to? They have no sales staff.
www.vanguard.com
2006-12-23 14:29:09 · answer #7 · answered by Ben 2 · 0⤊ 1⤋
Speaking of Janus Funds....
Yes, they were heavy in techs but most funds were that were higher risk funds......Rule #2 in investing....Dollar cost average....I have been in Janus and rode them and invested more when they were down and out and now better than ever......Janus Funds are great if you ask me.
2006-12-23 14:09:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Go to www.fool.com and read about mutual funds.
You should also read the prospectus of any fund before investing. The fund is legally required to disclose it, but you need to learn how to read it.
2006-12-23 09:01:17 · answer #9 · answered by Thomas K 6 · 1⤊ 0⤋
I think I will stick with the stocks I have,
2006-12-23 09:11:57 · answer #10 · answered by Anonymous · 1⤊ 0⤋