This is an annual expense of the fund and is taken directly out of the fund. As a result, all performance figures reported in the papers must be reported net of these expenses. The management expense ratio is a much better reflection of annual costs to the investor because the MER includes all expenses charged to the fund including administration and marketing. Typically, institutional and proprietary financial companies offer no-load funds and provide little personalized help. Mutual fund investors choosing a load fund are typically dealing with financial advisors.
Every company has a unique loading structure that requires more detailed information.
Their primary aim is to produce an increase in the value of their investments rather than a flow of dividends. Growth funds with a more aggressive focus seek maximum capital gains as their investment objective. Growth and Income Funds invest primarily in the common stocks of companies with longer track records. These funds seek equities with a higher share value that also maintain a solid record of paying dividends. Balanced Funds invest in both stocks and bonds.