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Disclaimer
Members |
Fund-Track is best utilized for those
that have accounts with one of the many discount brokers that
incorporate mutual fund marketplaces. With these brokers you can
buy and sell mutual funds of different families and avoid having to
establish accounts at multiple mutual fund companies to trade to
different funds. Accounts with these brokers are
easy to open and offer, easy on-line trading, consolidated monthly
statements and tax reporting. Specific broker recommendations can
not be made but the charts below will hopefully help you decide
which one might be best for you.
The table below list some of the popular discount
brokerages with Mutual fund supermarkets. There are many more. The
information is current as of November, 2003, and is believed to be
accurate but is subject to change, so check with the broker before making any
decisions based on the information below. If errors or changes are seen
please let me know so that I make the needed corrections.
For a more detailed guide to
discount brokers link here to the
American
Association of Individual Investors (AAII) Guide to Discount Brokers.
Business Week also has a good
reference article they usually put out annually
"Choosing An Online Broker" published May 17, 2004: check
it out. Be sure to select the table listed (on the right hand
column) for a comparison of all brokers)
| puts out aBrokerage / Link |
Phone # |
# of No Transaction Fee (NTF) Funds |
Min NTF Holding time (days) |
Short Term Redemption Fee |
Transaction fees (for non NTF funds) |
ETF
Online Transaction Fees |
|
|
|
|
|
|
|
|
AmeriTrade |
800-669-3900 |
None |
None |
None |
$18 |
$10.99 |
|
|
|
|
|
|
|
|
Brown & Company |
800-822-2021 |
4,500 |
None |
None |
$19 |
$5 |
|
|
|
|
|
|
|
|
E*trade |
800-786-2575 |
1,250 |
30 |
$25 |
$25 |
$14.99 |
|
|
|
|
|
|
|
|
Fidelity |
800-343-3548 |
1,100 |
|
$75 |
$75 |
$8 - $29.95* |
|
|
|
|
|
|
|
|
Harris Direct |
800-825-5723 |
850 |
180 |
$35 |
$35 |
$9.99 - $19.99** |
|
|
|
|
|
|
|
|
Quick &
Reilly |
800-837-7220 |
600 |
90 |
0.7%, Min $25, Max $149 |
0.7% Min $25, Max $149 |
$21.95 - $23.95* |
|
|
|
|
|
|
|
|
Charles Schwab |
866-855-6770 |
1,300 |
180 |
0.75%, Max $199 |
$39, Min $39, Max$149 |
$29.95 |
|
|
|
|
|
|
|
|
Scottrade |
800-619-7283 |
5,000 |
90 |
$17 |
$17 |
$7 |
|
|
|
|
|
|
|
|
TD waterhouse |
800-934-4448 |
2,500 |
90 |
0.5%, Min $25, Max $75 |
$25 |
$17.95 |
 | The "Short Term Redemption Fee"
column shows the fee assessed when an NTF fund is not held the
minimum time specified in the previous column (i.e. for Quick
& Reilly redemption fee = 0.7% or a minimum or $25 and maximum of
$149) |
| The "Transaction Fee" column shows the transaction fees for non NTF funds |
| * Fee depends upon asset
level broker, the more the assets the less the fee... |
| ** depends upon the frequency of
trading per quarter (60+ = $10.99, 18-59 = $14.99, 0-17 =
$19.99 |
Broker Notes:
| Ameritrade - All funds can be traded for $18 fee (No NTF funds), I
have heard complaints about of amount of time taken to close some
trades and not notifying customers for days |
| Brown & Co. - Account holders that have: at least five years
investment experience; net income of at least $40,000 per year, and
a net worth of at least $50,000 can trade for as low as $5 per trade
(online) |
| E*Trade - Contains a low % of Fund-Track funds (65 - 70%)
|
| Fidelity - Best for those wanting to trade Fidelity Select Funds |
| Quick & Reilly - Will flag you if multiple trades are made in under
90 day limit and start charging you transaction fees
|
The table below lists all funds within Fund-Track
for 2003 (198 funds) alphabetically and where they can be found as of December
2002. Morningstar was used to determine the brokers, (Purchase
Information tab) and it is not known how up-to-date that source information was.
Note the summary lines at the top which lists the total number of Fund-Track
funds available with that broker. There are still many brokers with a wide
selection of mutual funds that are not listed here, and some of these will be
added in the future. This information will be updated annually.
(TO BE UPDATED FOR 2004 SHORTLY)
| |
|
Amer- |
|
Fidel |
Quick & |
|
Scott |
TD |
| Fund Name |
Symbol |
Trade |
E*Trade |
|
Reilly |
Schwab |
Trade |
Water |
| Fund Count |
|
183 |
125 |
182 |
153 |
197 |
171 |
197 |
| % of Total
|
|
92% |
63% |
92% |
77% |
99% |
87% |
99% |
| |
|
|
|
|
|
|
|
|
| ABN AMRO Chicago
Capital Balanced N |
CHTAX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| ABN AMRO Chicago
Trust Grth & Inc |
CHTIX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| ABN AMRO/Talon Mid
Cap |
CHTTX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| ABN AMRO/Veredus
Aggr Grth |
VERDX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Aegis Value |
AVALX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Amer Cent Small Cap
Quant |
ASQIX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Intl Bond |
BEGBX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Intl Growth |
TWIEX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Real Estate |
REACX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Utilities |
BULIX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Vista |
TWCVX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Target Mat 2010 |
BTTNX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Target Mat 2020 |
BTTTX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| American Century
Target Mat 2025 |
BTTRX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Ameristock |
AMSTX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Ariel Appreciation |
CAAPX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Artisian
International |
ARTIX |
Yes |
No |
Yes |
No |
Yes |
No |
Yes |
| AXA Rosenberg US
Small Cap |
BRSCX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| AXA Rosenberg Intl
Small Co. |
RSISX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Babson Shadow Stock |
SHSTX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Baron Growth |
BGRFX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Berger Mid Cap
Value |
BEMVX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Bjurman All Cap
Growth |
BACFX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Boston Partners
Large Cap Value |
BPLIX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Boston Partners
Small Cap Value II |
BPSCX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Bridgeway
Ultra-Small Tax Advant |
BRSIX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Brown Capital Small
Company |
BCSIX |
Yes |
No |
Yes |
No |
Yes |
Yes |
Yes |
| Buffalo Equity |
BUFEX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Buffalo Small Cap |
BUFSX |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
| Buffalo USA Global |
BUFGX |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
| C&B Mid Cap Value |
CBMDX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Calif Investment
S&P Mid Cap |
SPMIX |
Yes |
No |
Yes |
No |
Yes |
Yes |
Yes |
| Century Shares
Trust |
CENSX |
Yes |
No |
Yes |
No |
Yes |
Yes |
Yes |
| CGM Focus |
CGMFX |
Yes |
No |
No |
No |
Yes |
No |
Yes |
| Citizens Emerging
Growth Stnd |
WAEGX |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Citizens Global
Equity Stnd |
WAGEX |
Yes |
Yes |
| | |
