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...VANGUARD GROUP, Valley Forge, Pennsylvania; 800-433-5514. The long-standing No. 2 of the mutual-fund business and the leading practitioner of no-load investing, Vanguard is led by iconoclastic John Bogle. It is the Wal-Mart of mutual funds, dedicated to winning customers by driving costs lower and lower. Because of that strategy, Vanguard has grown like, well, Wal-Mart. The annual cost of keeping your money at Vanguard is 31' per $100 invested, vs. an average $1.11 for the industry overall. When it comes to money-market and bond funds, where every penny counts, Vanguard...

Author: /time Magazine | Title: TAKING STOCK OF FIDELITY'S FUNDS | 9/30/1996 | See Source »

...ROWE PRICE, Baltimore; 800-638-5660. This company resembles its hometown Baltimore Orioles: it always seems to field a good team. T. Rowe features a well-balanced lineup of all no-load bond, international and small-stock funds. Unfortunately T. Rowe recently lost some of its luster in the small-stock arena after it closed Small Cap Value and longtime stalwart New Horizons this year. Why? Too much money was flowing in, making the funds cumbersome to manage. Its OTC Fund, however, which also invests in small stocks, is still open for business...

Author: /time Magazine | Title: TAKING STOCK OF FIDELITY'S FUNDS | 9/30/1996 | See Source »

...LYNCH, New York; 800-637-3863. Yes, the big bull sells mutual funds as well as stocks--118 proprietary funds, including closed-end and offshore. Of course, the old caveat applies: you buy from a broker, you pay a broker a commission--or, since it's a fund, a load...

Author: /time Magazine | Title: TAKING STOCK OF FIDELITY'S FUNDS | 9/30/1996 | See Source »

CHARLES SCHWAB, San Francisco; 800-435-4000. While Schwab offers 26 of its own stock, bond and money-market funds, it also sells hundreds and hundreds of other companies' mutual funds through its ONESource Service, which offers no-load funds with no transaction fees. Schwab's Mutual Fund Marketplace sells load and no-load funds with transaction fees. Look for Schwab to become an increasingly potent force in the mutual-fund business...

Author: /time Magazine | Title: TAKING STOCK OF FIDELITY'S FUNDS | 9/30/1996 | See Source »

Although the Steelers will look to Jerome Bettis to carry most of the offensive load, Tomczak will be forced to occasionally throw the ball against what might be considered the league's best secondary. The Oilers secondary has already produced eight takeaways in just three games and I think that they may keep up that pace against Pittsburgh's feeble passing offense...

Author: By Connor Schell, | Title: Schell's Games | 9/28/1996 | See Source »

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