A mutual fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. For a current prospectus, visit etrade.com/mutualfunds.
Mutual funds are subject to risks similar to those of other diversified investments. Investing in mutual funds involves risk, including the possible loss of principal. Mutual funds are designed to pool money from multiple investors and invest those proceeds in different securities, such as stocks, bonds, or a combination of asset classes. Mutual funds have different share classes that charge investors different fees. A mutual fund’s expense ratio is the annual operating expense charged to investors.
You can invest in the mutual funds available through E*TRADE’s no-load, no-transaction-fee program without paying loads, transaction fees, or commissions. To discourage short-term trading, E*TRADE will charge an Early Redemption Fee of $49.99 on redemptions or exchanges of certain no-load, no-transaction-fee funds that are held for less than 90 days. Direxion (other than the Indexed Commodity Strategy Fund DXCTX), ProFunds, and Rydex mutual funds, and all money market funds, are not subject to the Early Redemption Fee.
E*TRADE Securities LLC ("E*TRADE Securities") or its affiliates receive compensation in connection with the purchase and holding of mutual fund shares by its customers. Such compensation includes, but is not limited to, Rule 12b-1 fees, shareholder service fees, sub-accounting fees, and payments for marketing support and access to the E*TRADE Securities platform. E*TRADE Securities may also receive payments from affiliates of a mutual fund, such as the adviser or distributor, out of their own resources. Some of these payments are sometimes referred to as "revenue sharing." For information regarding a particular mutual fund's payment and compensation practices, please see the fund's prospectus and statement of additional information. E*TRADE also coordinates with mutual fund and exchange-traded fund companies to host educational events for its customers and such fund companies typically pay E*TRADE an administrative sponsorship fee for these events. If you have any questions, please contact E*TRADE at 800-ETRADE1 (800-387-2331).