Replies to post #8687 on A.I.M. Users Bulletin Board (AIMUSERS)

[bernieg]

Hi Pete,
According to American Funds and Morningstar it is a front end load. Here is their schedule:


Less than $25,000-------------- 5.75% 3.75%
$25,000 but less than $50,000 5.00 3.75
$50,000 but less than $100,000 4.50 3.75
$100,000 but less than $250,000 3.50 3.50
$250,000 but less than $500,000 2.50 2.50
$500,000 but less than $750,000 2.00 2.00
$750,000 but less than $1 million 1.50 1.50
$1 million and above 0.00* 0.00*
The first column is for growth funds and the second column is for bond funds.
The only funds that don't have a front load are the reinvested dividends.
The dividend is about 2%. They take 5.75% of every dollar you put in there on day one as their "fee". After that they are pretty reasonable, the expense ratio is only 0.65%
Bernie