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From: ekrell@ucla-cs.UUCP
Newsgroups: net.invest
Subject: Re: A comment on "no-load" mutual funds
Message-ID: <9512@ucla-cs.ARPA>
Date: Fri, 28-Feb-86 23:30:31 EST
Article-I.D.: ucla-cs.9512
Posted: Fri Feb 28 23:30:31 1986
Date-Received: Sun, 2-Mar-86 02:36:48 EST
References: <1982@jhunix.UUCP> <317@hsi.UUCP> <9492@ucla-cs.ARPA>
Reply-To: ekrell@ucla-cs.UUCP (Eduardo Krell)
Organization: UCLA Computer Science Department
Lines: 21

Brett Fleisch writes:
>
>I agree.  As a matter of fact, all Vanguard mutual fund portfolios are
>available with no sales commissions.  (I think they mean no redemption
>fees as well when they make this statement).

True except for their new Specialized Portfolio group (Energy, Health Care,
Gold, Service Economy and Technology funds) which do have a 1% redemption
fee (however, you can switch among funds in the group and to money market
funds without any penalty).

>I found knowing a whole group of funds is "no-load" is really very helpful
>as investment strategies change.  I'm not sure if Vanguard is unique
>in this respect.  Anyone know?

There are other no-load fund families like T. Rowe Price, Scudder, Stein
Roe, Value Line and a couple of others, but the variety of funds in the
Vanguard Group (over 30) makes it unique.
--
    Eduardo Krell               UCLA Computer Science Department
    ekrell@ucla-locus.arpa      ..!{sdcrdcf,ihnp4,trwspp,ucbvax}!ucla-cs!ekrell