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Strategies & Market Trends : The Internet Fund: WWWFX - Fund for the 21st Century?
WWWFX 68.29-1.5%Nov 18 4:00 PM EST
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To: Stuart C Hall who wrote (128)4/15/1999 5:57:00 AM
From: astyanax  Read Replies (1) of 213
 
I really can't remember all the exact numbers (which are in the prospectus) but Munder NetNet A shares have a 5.5% front load but lower operating expense. Class B lets you get off easy with no front-load; however, they make up for the difference by charging you a much higher operating expense. Particularly, I think they tack on an extra 1% to 12b-1 fees, which are allocated to marketing and advertising costs for the company.

Class C shares have a 1% CDSC (contingent deferred sales charge) if redeemed within one year and also have the high operating expense charges.

So it all depends on your time horizon, if you are going to be in for an extremely long time (over 5 years, at least), you might want to sacrifice for the front load (Class A) because the annual operating expenses tend to eat away at return over time. [see footnote at end of message]

There are other caveats, too - like I think Class B turns into A automatically after a few years. And I don't know if this A/B/C system is standard within the mutual fund industry - it does appear so. Anyway, you can go to netnet.munder.com and order fund literature be sent to you for more info.

- Netconductor.com
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