BestVest offers one of the
largest selections of mutual funds in the business. When properly
selected, mutual funds combine professional management, ease
of purchase and redemption, simple record keeping, and risk
reduction into a vehicle that is easy to buy or sell. You could
go to each mutual fund company and open an account, but at BestVest
you can hold many funds from different families in one account
and get an easy to understand central record of you holdings.
Categories of Funds at BestVest
There are three basic types of funds available to you through
your BestVest account.
-
Load Funds
- This is what the brokerage industry calls funds that have
a stated sales charge. When an amount is stated as a load,
it refers to either the maximum initial or deferred sales
charge for that fund. For front-end loads (also called initial
loads) this figure is expressed as a percentage of the initial
investment and is incurred upon purchase of fund shares.
Deferred sales charges (also called back-end loads or contingent
deferred sales charges) are amounts charged based on the
lesser of the initial or final value of the shares sold.
-
No-Load Funds
- This type of fund charges no sales or 12b-1 fees. There
is a flat rate transaction fee charged by BestVest for buying
or selling funds in this category.
-
No Transaction Fee Funds
- Funds in this category have neither a sales charge (load)
nor does BestVest charge a transaction fee for these funds.
Fees in this category typically have a 12b-1 fee assessed
that covers the fund expenses.
Important Notice:
This and other information on mutual funds is provided
for general informational purposes only. Funds are offered
by prospectus only. As with any investment, you should
always carefully read the prospectus and make sure you
understand it fully. Investigate before you invest is
always good investment practice. Also remember that
market volatility can significantly impact short-term
performance. Results of an investment made today may
differ substantially from the historical performance
shown.
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