FUND |
ASSETS |
MINIMUM INITIAL INVESTMENT (Regular Accounts) |
IF ACCOUNT FALLS BELOW MINIMUM |
Vanguard 500 Index/Inv* (VFINX) |
$77.7 billion (3/31/2004) |
$3,000 |
Imposes a $10 annual fee on accounts falling below $2,500, regardless of whether due to market weakness or redemptions. Fees are waived for shareholders with at least $50,000 in Vanguard accounts |
Investment Company of America Fund/A (AIVSX) |
$60.5 billion (2/27/2004) |
$250 |
No fees, no penalties. |
Washington Mutual Investors Fund/A (AWSHX |
$58.1 billion (2/27/2004) |
$250 |
No fees, no penalties. |
Growth Fund of America/A (AGTHX) |
$52.0 billion (2/27/2004) |
$250 |
No fees, no penalties. |
Fidelity Contrafund (FCNTX) |
$52.0 billion (2/27/2004) |
$250 |
No fees, no penalties. |
Fidelity Growth & Income (FGRIX) |
$37.7 billion (3/31/2004) |
$2,500 |
Imposes a $12 annual fee on accounts falling below $2,000 due to redemptions or market declines. Fees are waived for shareholders with $30,000 in other Fidelity accounts or during the first year the account is held. |
Vanguard Total Stock Market Index/Inv* (VTSMX) |
$26.5 billion (3/31/2004) |
$3,000 |
Imposes a $10 annual fee on accounts falling below $2,500, regardless of whether due to market weakness or redemptions. Fees are waived for shareholders with at least $50,000 in Vanguard accounts |
Vanguard Windsor II/Inv* (VWNFX) |
$24.3 billion (3/31/2004) |
$3,000 |
Imposes a $10 annual fee on accounts falling below $2,500, regardless of whether due to market weakness or redemptions. Fees are waived for shareholders with at least $50,000 in Vanguard accounts |
Fidelity Equity Income (FEQIX) |
$24.0 billion (3/31/2004) |
$2,500 |
Imposes a $12 annual fee on accounts falling below $2,000 due to redemptions or market declines. Fees are waived for shareholders with $30,000 in other Fidelity accounts or during the first year the account is held. |
Fidelity Growth Company (FDGRX) |
$23.7 billion (3/31/2004) |
$2,500 |
Imposes a $12 annual fee on accounts falling below $2,000 due to redemptions or market declines. Fees are waived for shareholders with $30,000 in other Fidelity accounts or during the first year the account is held. |
Fidelity Blue Chip Growth (FBGRX) |
$22.8 billion (3/31/2004) |
$2,500 |
Imposes a $12 annual fee on accounts falling below $2,000 due to redemptions or market declines. Fees are waived for shareholders with $30,000 in other Fidelity accounts or during the first year the account is held. |
American Century Ultra/Inv (TWCUX) |
$22.1 billion (3/31/2004) |
$2,500 |
Shareholders have 90 days to restore accounts to $2,500 if they fall below that amount due soley to redemptions. Otherwise, accounts are cashed in and closed. |
Fundamental Investors Fund/A (ANCFX) |
$19.9 billion (2/27/2004) |
$250 |
No penalties, no fees. |
Fidelity Dividend Growth (FDGFX) |
$18.8 billion (3/31/2004) |
$2,500 |
Imposes a $12 annual fee on accounts falling below $2,000 due to redemptions or market declines. Fees are waived for shareholders with $30,000 in other Fidelity accounts or during the first year the account is held. |
Janus Fund (JANSX) |
$16.4 billion (2/27/2004) |
$2,500 |
Does not currently impose any fees nor penalties on account balances falling below $2,500. Since 2000, Janus suspended a $10 annual fee on accounts that fell below $2,500 because of redemptions. |
Vanguard Windsor/Inv* (VWNDX) |
$15.1 billion (3/31/2004) |
$3,000 |
Imposes a $10 annual fee on accounts falling below $2,500, regardless of whether due to market weakness or redemptions. Fees are waived for shareholders with at least $50,000 in Vanguard accounts. |
Putnam Fund for Growth and Income/A (PGRWX) |
$13.4 billion (3/31/2004) |
$500 |
No fees, no penalties. |
Lord Abbett Affiliated Fund/A (LAFFX) |
$13.3 billion (2/27/2004) |
$250 |
No fees, no penalties. |
T Rowe Price Equity Income Fund (PRFDX) |
$12.9 billion (2/27/2004) |
$2,500 |
Imposes a $10 fee on balances falling below $2,000, unless the decline is due to market weakness. Balances falling below $500 are subject to closure. |
Davis New York Venture/A (NYVTX) |
$12.7 billion (3/31/2004) |
$1,000 |
Accounts falling below $500 are subject to closure unless the decline is due to falling market. Davis will send out a letter to shareholders, giving 30 to 60 days to bring the balance back up to $1,000. |