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A prospective investor is considering putting $1000 into a mutual fund. Fund X has a 5% front-end load and an annual expense ratio of 1%. Fund Y is a no-load fund with an annual expense ratio of 1.5%. If the investor plans to keep the investment for 3 years and both perform at the same level - which mutual fund is more appropriate?

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A prospective investor is considering putting $1000 into a mutual fund. Fund X has a 5% front-end load and an annual expense ratio of 1%. Fund Y is a no-load fund with an annual expense ratio of 1.5%. If the investor plans to keep the investment for 3 years and both perform at the same level - which mutual fund is more appropriate?






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