Hundreds of No-Load Mutual Funds
T. Rowe Price Brokerage customers can use our Mutual Fund GatewaySM to invest in hundreds of no-load funds—many available without a transaction fee—from prominent fund families such as T. Rowe Price, Fidelity, Vanguard, American Century, and Dreyfus. This is an efficient way for you to buy mutual funds—you can move money between funds in different families without waiting for checks to clear or filling out applications each time you buy a new fund.
Thousands of Load Mutual Funds
You can also speak with our registered representatives about the thousands of load funds we offer from well-known firms such as American Funds, AIM, Franklin Templeton, MFS, and Putnam.
Mutual Fund Trading Commissions and Fees
| Mutual Fund Requirements | ||
| T. Rowe Price Funds | Non-T. Rowe Price Funds | |
| Minimum Initial Investment* | ||
| Brokerage Account | N/A | $5,000 |
| Brokerage IRA Account | N/A | $1,000 |
| Brokerage Advantage Account | $2,500 | $5,000 |
| Minimum Subsequent Investments | ||
| Brokerage Account | N/A | $1,000 |
| Brokerage IRA Account | N/A | $500 |
| Brokerage Advantage Account | $100 | $1,000 |
| Systematic Investments | $50 | $100 |
| Minimum Redemptions | ||
| On Request | $0** | $1,000 (Or Entire Balance If Less) |
| Systematic Redemptions | $50 | $100 |
| Transaction Fees | |
| No-Transaction-Fee (NTF) Funds | No Charge*** |
| Transaction-Fee Funds | $35 Per Transaction |
| Load Funds | Stated Load Only**** |
T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%, not to exceed $250, for all no-load, no-transaction-fee (NTF) fund shares held less than six months. A short-term trading fee of $5 applies to shares purchased systematically and held less than six months. These fees are in addition to any short-term trading fee charged by the fund. The short-term trading fee is waived for T. Rowe Price funds; however, individual fund redemption fees still apply.
Please note that T. Rowe Price funds can only be held in Brokerage Advantage accounts. T. Rowe Price funds cannot be held in a Brokerage or Brokerage IRA account.
*A small number of funds (including T. Rowe Price Summit Funds) have higher minimum initial and subsequent investment requirements than this chart indicates. Visit our Web site or call a representative for more details.
**$100 minimum for ACH redemptions.
***T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% from these no-transaction-fee funds for providing recordkeeping and shareholder services.
****Certain Fidelity load fund transactions are also charged a $35 transaction fee.
Contact T. Rowe Price Brokerage to request a prospectus, which contains investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
To request a prospectus for an exchange-traded fund or non-T. Rowe Price fund, please call 1-800-225-7720.
T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a subsidiary of the Bank of New York Mellon Corporation, member NYSE/FINRA/SIPC.
Please note that T. Rowe Price funds can only be held in Brokerage Advantage accounts. T. Rowe Price funds cannot be held in a Brokerage or Brokerage IRA account.
*A small number of funds (including T. Rowe Price Summit Funds) have higher minimum initial and subsequent investment requirements than this chart indicates. Visit our Web site or call a representative for more details.
**$100 minimum for ACH redemptions.
***T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% from these no-transaction-fee funds for providing recordkeeping and shareholder services.
****Certain Fidelity load fund transactions are also charged a $35 transaction fee.
Contact T. Rowe Price Brokerage to request a prospectus, which contains investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
To request a prospectus for an exchange-traded fund or non-T. Rowe Price fund, please call 1-800-225-7720.
T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a subsidiary of the Bank of New York Mellon Corporation, member NYSE/FINRA/SIPC.
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