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Below is an example of the potential savings an InvestForLess member would have experienced versus some traditional mutual fund share classes / investment platforms. Please keep in mind that the savings may vary widely by fund. You should always consult the prospectus of the particular fund you own or are considering for more detail. Usually you can find a clear description of fees and operating expenses in the first few pages of a mutual fund prospectus. Keep in mind when you are looking at a mutual fund prospectus, you need to consider the additional $250 annual InvestForLess membership. As always, we strongly suggest you consult with your financial professional for specific advice. If you would like to calculate the savings on your own mutual funds, we recommend you try FINRA's Mutual Fund Expense Analyzer.
Example: Marty & Beth Save
Marty and Beth invested $100,000 in a popular mutual fund, on January 31, 2005 and held it for 5 years. The funds are the same, but the expenses on each share class are not. As InvestForLess members, they can buy the least expensive share, (advisor class share). Which one would you rather purchase and own?
This example is for illustrative purposes only and does not represent the return of any particular investment. All returns are net of fees. The IFL/Advisor share class includes the $250 annual fee and an expense ratio of 0.68%. The A-share assumes a 3.5% upfront fee and an expense ratio of 0.75%. The C-share class assumes an expense ratio of 1.49%. The fee-based account assumes a 1.5% asset based annual fee charged quarterly, and uses the advisor share class with an expense ratio of 0.68%. All investments are subject to risk. The actual return and cost of any investment will fluctuate so an investor’s realized savings may be more or less than shown. Please read the prospectus for any fund you are considering purchasing for a description of all fund fees and expenses and the fund’s investment objectives. Data source Morningstar® as of 2/18/2010.