Mutual fund wants to get 1% upfront fee (US). Is that within acceptable ranges for a managed bonds fund?
Mutual fund wants to get 1% upfront fee (US) plus an annual fixed fee. Is that within acceptable ranges for a managed bonds fund?
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"Front loaded" (and the inverse "back loaded") Mutual funds used to be very common. They were mostly replaced in the 1980s by no-load mutual funds from places like Vanguard.
I've got a managed no-load bond fund through Vanguard, and it's management fee is 0.09%. According to its web site, the average management fee for similar funds is 0.74%.
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