A short-term gain in a mutual fund is generally identified and taxed as an income distribution. View the prospectuses on-line or download it from our Web site. Or, you can call the fund provider directly to request a copy. You should always read the prospectus before you invest in a fund. That mostly depends on your investment time horizon and your risk tolerance level.
Management fees are annual charges to administer the fund.
About half of all funds charge them. Exchange fees can apply when money is shifted from one fund to another within the same mutual fund company. A load fund is a mutual fund whose shares are sold by stockbrokers, financial planners, investment advisors, and financial institutions for a commission. Shares in most no-load mutual funds are sold directly by the fund through advertising. Money market mutual funds are almost all no-load.