Question: What is the difference between a load
What is the difference between a load fund and a no-load fund? Is the argument that load funds are more closely managed and therefore have higher returns supported by the evidence presented in Table 17–6?
Table 17–6:
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Total Assets (in millions of dollars) Total Return Initial Name of Fund Objective 12-Month 5-Year 10 year NAV Fees 15.39% 14.98 15.41 16.33% 7.23% $200.62 54.19 Vanguard 500 Index;Adm Vanguard Tot Stk Idx;Adm Vangaurd Instl Indx;Inst Vanguard Tot Stk Inx;Inv Vanguard Instl Index;InsP Vanguard Tot I Stk;Inv Fidelity Contrafund Vanguard T StMk Idx;Inst American Funds Growth;A American Funds Inc:A S&P 500 Index 0,00% $169,749 140,730 114,076 100,943 89,057 Growth/Income 16.33 7.53 0.00 S&P 500 Index Growth/Income S&P 500 Index 16.35 16.20 16.37 7.24 7.41 7.26 198,50 54.16 198.51 0.00 0.00 0,00 14.85 15.43 International 87,010 75,749 73,870 73,178 72,848 72,324 69,166 64,511 56,852 56,519 55,832 55,245 54,031 51,069 50,334 9.53 10.51 15.00 6.71 2.15 8.62 7.54 6.80 5.31 14.69 0.00 Growth Growth/Income Growth 15.41 16.34 15.20 9.46 100,29 54.20 43.77 21.26 0.00 8.43 7.34 0.00 5.75 5.75 Income Vanguard Wellington;Adm Balanced 12.03 11.60 7.23 67.28 0.00 4.67 9.70 American Funds CIB;A International/Income 7.64 4.34 56.90 5.75 Vanguard T IntIStldx;Inst Fidelity 500 Index;Pr American Funds InvCoA Dodge & Cox Stock Dodge & Cox Intl Stock American Funds Bal;A American Funds CWGI;A American Funds Wash;A International S&P 500 Index Growth/Income Growth/Income 6.84 16.33 14.38 98.27 76.41 36.64 182.21 0.00 - 15.40 10.95 14.53 7.21 5.98 5.52 2.88 0.00 5.75 17.10 0.00 International 5.62 5.64 4.62 8.57 8.17 10.80 10.22 13.23 38.79 24.94 44.63 0.00 Balanced Global Growth/Income 5.75 5.75 5.75 6.18 4.71 5.94 41.33
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