Mutual Fund #1

Mutual Fund #1 From Essence Magazine's "Five Mutual Funds You Can Afford" will be Van Kampen Comstock (ACSTX).


According to the it's Morningstar report there are actually three of the funds: Class A, Class B, and Class C. The mutual fund mentioned in the magazine article is Class A. What does it mean to have a Class A, Class B, Class C mutual fund.

Right now the Class A fund is priced at $19.43. The 1 year Annual total return is 18.85% without sales charge and 12.02% with the sales charge. According the the Morningstar report the Class A stock has a maximum of 5.75% sales charge.

On the otherhand, the Class C fund (ACSYX) priced at $19.44, has a 1 year Annual total return of 17.94% without sales charge and 16.94% with the sales charge.

Hmm, so what is the the difference between the Class A, Class B, and Class C fund, I don't know. I'll save that for another day.

FYI, you can not invest in mutual funds over at Sharebuilder, and Zecco has a $10 charge for investing in Mutual Funds. E*Trade, Scottrade, and TD Ameritrade have no charge for mutual funds. I'm sure theres some other trade off, though. I'll have to figure this out too before I start up the Roth IRA.