Sentences with phrase «cost mutual fund share class»

An added complication: In all four categories we're analyzing here, Vanguard has both ETFs and so - called Admiral Shares, which is its lowest - cost mutual fund share class.

The Securities and Exchange Commission recently charged Ameriprise with selling retirement - account customers high - cost mutual fund share classes when less - expensive share classes were available.

Not exact matches

Ameriprise cooperated with the Commission and voluntarily identified the affected accounts, issued payments including interest to the affected customers, and converted eligible customers to the mutual fund share class with the lowest expenses for which they are eligible, at no cost.

They're allowed to give you self - interested advice — for example, by selling you the class of mutual - fund shares that pays the highest commissions instead of lower - cost shares in the same fund.

As for other funds offered in the plan, the complaint says that, rather than taking advantage of the plan's economies of scale, as required by its investment policy statement (IPS), to reduce the investment expenses charged to plan participants, Philips North America selected and maintained high - priced share classes of mutual funds, instead of identical lower - cost share classes of those same mutual funds which were readily available to the plan.

«Each mutual fund in the Plan charged fees far in excess of the rates Defendant could have obtained for the Plan by using these comparable products,» the complaint states, adding that the lower - cost share classes of the identical mutual funds were available to the plan many years before Philips restructured the investment lineup in 2013.

Many ETFs are lower cost as well, even for the similar mutual fund strategy with the same brand name, but this also varies a great deal and can depend upon which class of mutual fund shares in which you invest.

The majority of retail investors opt for the lower - cost Admiral share class, which charges just 0.04 % annually, making it one of the cheapest mutual funds available.