You should read this and then decide if your objectives agree. The prospectus will also explain the programs and policies the fund s management uses to achieve those objectives. A summary of fees and expenses is usually given near the beginning of the prospectus. Management fees are charged by all funds. These fees are for the annual administration of the fund.
Distribution fees cover marketing and advertising expenses.
Some funds do not charge distribution fees. Redemption fees are charged in an effort to discourage frequent trading. These fees apply when an investor withdraws money from the fund. Reinvestment fees are charged when distributions are reinvested in the fund. Exchange fees sometimes apply when money is transferred from one fund to another within the same mutual fund company.