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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
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Wednesday, May 14, 2008
Cubic Wins U.S. Marine Corps MAGTF Training Systems Support Contract
Comtex
SAN DIEGO, May 14, 2008 (BUSINESS WIRE) ----The U.S. Marine Corps has awarded Cubic Applications, Inc., a wholly owned subsidiary of San Diego-based Cubic Corporation (AMEX: CUB), a new and expanded training support contract with a potential value of $166 million over five years. Cubic's employees, teammates, and leadership team continue to focus on the fact that their ultimate customer is the warfighter in the field. This new contract award allows Cubic to continue to deliver training that is both meaningful and relevant to the Marine Corps. To date, Cubic has executed over 6,000 training events over the course of the current contract.
Cubic's new MAGTF Training Systems Support (MTSS) contract has an initial seven-month base of approximately $19 million with multiyear options through May 31, 2013. The contract is a follow-on to an existing five-year Cubic MTSS contract that will expire on May 31, 2008. Cubic has been supporting the Marine Corps operating forces through the original MAGTF Staff Training Program (MSTP) and its successor, the MAGTF Training Systems Support (MTSS) contract, since 1998.
Under Cubic's current MTSS contract, Cubic provides realistic computer-based simulation training, C4ISR sustainment training, Combined Arms Staff training, and a Deployable Virtual Training Environment capability for individual Marines through senior-level Marine Corps commanders and their battle staffs at Camp Pendleton and Twentynine Palms in California; Quantico, Va.; Camp Lejeune, N.C.; Marine Corps Air Station, Yuma, Ariz.; Camp Courtney, Okinawa, Japan; Camp Smith, Hawaii; and Marine Forces Europe, Stuttgart, Germany.
The new contract will support the current training base and add Seabee training support for the 1st Naval Construction Division at Little Creek, Va.
Cubic Applications, Inc. is part of the defense segment of Cubic Corporation, a world leader in realistic combat training systems, mission support services and defense electronics. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. For more information about Cubic, see the company's website at www.cubic.com.
SOURCE: Cubic Corporation
Cubic Corporation Jan Stevens, 858-505-2174 jan.stevens@cubic.com or David Liddle, 858-505-2642
Copyright Business Wire 2008
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