It looks like you're new here. If you want to get involved, click one of these buttons!
@dpf749
The Morningstar Peer Group for PRWCX is "Moderate Allocation No Load."
The lowest quintile fee level for this group is <0.50% while the expense ratio for PRWCX is 0.71%.
The Morningstar Peer Group for TRAIX is "Moderate Allocation Institutional."
The lowest quintile fee level for this group is <0.60% while the expense ratio for TRAIX is 0.59%.
Source: Morningstar Managed Investment Reports</blockquote>
Thank you and apologies for this tardy acknowledgement.
Q.E.D.The Justice Department sued Visa on Tuesday, accusing the company of illegally monopolizing the debit card market and therefore driving up prices for businesses and consumers.
The lawsuit, filed in the Southern District of New York, says Visa handles more than 60% of debit card transactions in the U.S. and collects more than $7 billion in annual processing fees. The company allegedly used its market power to stifle competition and keep fees artificially high, according to the suit.
"We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market," Attorney General Merrick Garland said in a statement. "Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa's unlawful conduct affects not just the price of one thing — but the price of nearly everything."
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla