Available from Interactive Brokers, LLC
As a service to individuals and advisors, we provide a selection of no-load mutual funds. Because of our direct, low cost policy, we do not offer any funds which include a front-end load, a back-end load, or early withdrawal penalties. All funds are offered at the low flat rate of USD 14.95. To maintain our low cost structure, only dividend reinvestment and electronic delivery of prospectuses are available. An advantage to purchasing funds with us is that your funds' value will be included as equity with loan value.
Unlike other market products that have live pricing throughout the day, mutual fund orders are gathered throughout the trading day and collectively submitted to the fund company for trading at the funds’ Net Asset Value at the close of New York trading. The fund companies then collect all orders from all brokers and determine a price for the day which is communicated back to the brokers.