Depending on the specific fund, fees you may encounter include -
Front-End Load Fees - charged upon purchasing a fund, and will be deducted from your initial investment.
Back-End Load Fees - charged when you sell/redeem your fund shares.
Contingent Deferred Sales Charges (CDSC) - assessed if you sell/redeem your fund shares within a specific period.
Annual expenses (expense ratio) - fees that cover a fund’s management costs - including compensation for fund managers, administration, distribution, and marketing. These fees are automatically deducted from the fund's assets on a regular basis.
Fees for a particular fund can be found on its tearsheet
- After logging in to your SoFi account, navigate to the Invest tab and select your Individual active invest account.
- Tap the magnifying glass to search for the Alternative Fund or Mutual Fund.
- This will bring you to the tearsheet, scroll down and you will see the fees associated with the particular fund.