January 3, 2021
I have a concern about the bar chart.
Supposed there are 2 identical funds (Fund A and Fund B). They are both SP 500 funds.
Fund A has a 10 year old class with a 5% front end load and has a no load class that is 5 years old.
Fund B has a no load class that is 10 years old and a class with a 5% load that is 5 years old.
Suppose both funds had the same performance, why should Fund A be required to reflect a load and Fund B not be? How is that a fair comparison?
This is not an issue in the prospectus because the bar chart does not reflect loads and the table shows all classes.