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Question about Share Classes ... FOCKX

curtin
in Fund Discussions
Hello,
Can someone explain the reason why a fund has different "share classes"? What are the differences for the asset owners?
My 401K offers the FOCKX, I went to look them up and saw that there are several others in the same family. FOC*, FOT*
It appears to me these are the same underlying assets, with a different expense ratio/loads.
The expense ratio and loads
Symb | ER % | Load %
FOCKX | 0.66 | -
FOCPX | 0.73 | 0
FOTDX | 1.03 | 5.75 (wow)
FOTEX | 1.28 | 3.5
I thought loaded mutual funds were kind of dead ... Why would someone pay a Load and a higher expense ratio?
Cheers,
Craig

Comments

  • yogibearbullyogibearbull
    Fido K-class is typically the lowest ER class available in 401k/403b/457. Count yourself lucky for FOCKX.
    FOCPX is generally available for Fido a/c.
    FOTDX and FOTEX are through advisor channels - advisors have to be paid and there are breaks on loads for large purchases.
    Have you looked at the class-champion - American Funds with 18-20 classes?
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