No-Load Funds

What is a no-load fund?

A no-load fund is one that does not have a sales charge to the investor to buy or to sell. Most mutual funds charge between 2% to 6% to buy and this translates into an immediate loss to the investor. It means that on a $10,000 investment with a 5% charge, for example, the investment would be worth only $9,500 immediately.

There are, however, many very good funds that do not charge any fee to buy or sell. If any of the following fund companies are on the school district's list of investment options, a teacher would be advised to set up the 403(b) with one of them. It is suggested that the teacher choose an Index Fund if the company offers one. Some of these companies have both load and no-load funds but all have at least some no-load funds. Teachers may call them at their toll-free number to request an application to open a 403(b) account.

AARP		  800-322-2282
American Century  800-345-2021
Babson		  800-422-2766
Dreyfus		  800-373-9387
Fidelity	  800-544-8888
Goldman/Sachs	  800-526-7384
Invesco		  800-525-8085
Janus		  800-525-8983
Munder		  800-239-3334
Nations Fund	  800-321-7854
Neuberger & 
  Berman	  800-877-9700
Price, T.Rowe	  800-638-5660
Schwab		  800-266-5623
Scudder		  800-225-2470
Skyline Funds	  800-458-5222
Strong		  800-368-3863
TIAA-CREF         800-842-2776
US Global	  800-873-8637
USAA		  800-382-8722
Vanguard	  800-662-7447