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The short answer is - No, (VFINX) or Vanguard, has not started charging anything for the purchase of their funds. However, ScotTrade has started charging "Transaction Fees" ($17.00 - buy/sell/transfer) for several fund companies beginning the first of this year (2005) and Vanguard is one of the companies they are charging this fee for. They publish a list of the fund companies that they "DO NOT" charge a fee for (NTF), however, either they do not publish a similar list of those they charge for or they have hidden well within their site.

Actually all three lists, those NTF, TF and Load are listed on the web site. However, to be accurate, the reason Vanguard is on the transaction fee list is because the fund family would not pay Scottrade for the costs of making the funds available to investors. As I understand it, changes in laws over mutual fund/broker accountability require transaction costs be clearly covered to avoid the appearance of any backhanded impropriety.

Who guesses this is just the price of financial accountability in the wake of all the accounting scandals...
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