How Mutual Funds are Bought and Sold

• directly through the companies that manage the funds
• through discount or full-service brokers
• through an employer-sponsored retirement plan.
• You should never be charged a transaction fee when you deal directly with a company that manages a fund.
• You should never be charged a transaction fee when you purchase shares in an employer-sponsored retirement plan.
• You may have to pay a small transaction fee if you trade through a discount broker.
• You will pay a full commission if you trade through a full-service broker.
• Mutual fund shares are purchased and redeemed at their NAV, as described above.
• Automatic investments and withdrawals are an option available with many fund companies. However, these options require establishing an account with the fund company.

Relevant Content:

• Buying Mutual Funds for Your Portfolio
• Mutual Fund Prices: How They're Determined