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View Full Version : How to know if fund is Load, NTF or TF?



qckgicxt46
03-18-2018,
I cannot find any info for several funds, i do not want to buy load fund or with commissions fee.

For example, CRF - was trying to find in Inet and on their site but nothing.

Loanobrien
03-19-2018,
It must be on their site, its probably buried somewhere.

If not, simply call them and ask.

http://financials.morningstar.com/cefund/operations.html?t=CRF&region=usa&culture=en-US

RobertDet
03-20-2018,
The example you posted is not a load fund because it is a closed end fund which does not charge load fees to get into them. The link Gil posted above takes you to Morningstar with their info about that fund. Look on the Management and Fees section and it shows what amounts are charged to the fund. This one is not high and shareholders don't directly pay those fees, they come out of the profits before distribution. I did post an article here in the educational forum at:
http://stockaholics.net/threads/a-look-at-closed-end-funds.1291/
It is a little lengthy but gives you a method of evaluating a closed end fund. For example, I don't like this fund you mentioned here because it is selling at an 18 premium. Plus it has a caution flag on the distribution level at 20 and uses return on capital as a method to distribute which appears to me to be of the destructive type of return on capital. That would account for the high premium.

nwwytitd41
03-22-2018,
Yes, my first intention was to get some dividend stocks for long-term investment but when I knew that buying near ex-div date works too I am planning to try this strategy. And I guess I have to start with stocks first not funds.