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<p>[QUOTE=&quot;GoldFinger1969, post: 2096197, member: 73489&quot;]<b>If you read his post, you saw that it shows what happened to the actual Trust. </b> There is no survivorship bias because that implies losses are hidden from results.&nbsp; Losses are not hidden:</p><p><br /></p><p><a href="http://www.reuters.com/article/2015/02/27/voya-longterm-funds-idUSL5N0VY58B20150227" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.reuters.com/article/2015/02/27/voya-longterm-funds-idUSL5N0VY58B20150227" rel="nofollow">http://www.reuters.com/article/2015/02/27/voya-longterm-funds-idUSL5N0VY58B20150227</a></p><p><br /></p><p><br /></p><p>Actually, the fees were low on an annual basis.&nbsp; So the structure was designed to attract buy-and-hold investors.&nbsp; Total management fees were quite reasonable over the long haul.</p><p><br /></p><p>I purchased my first mutual funds in the 1980&#039;s and the loads were often 8.25%.</p><p><br /></p><p><br /></p><p><b>You&#039;re right, it was BETTER. Check the chart below.</b></p><p><br /></p><p>Jack Bogle, the Dean of Low-Cost Investing, has endorsed the fund.</p><p><br /></p><p><br /></p><p><b>That&#039;s not what the managers said.&nbsp; Reading comprehension is obviously not your strong point.</b></p><p><br /></p><p>The reason the fund&#039;s fee structure was a problem was because most mutual funds went to an A-B-C structure.&nbsp; While high-upfront &quot;A&quot; fees like Voya (and my 1st mutual fund) could offer lower OVERALL fees over the long-haul, fidicuaries sometimes feared they would get in trouble if they sold the funds that paid the most upfront to them via commissions.</p><p><br /></p><p>This was especially true of 401(k) plans.&nbsp; No plan sponsor would risk bad publicity if they used someone charging 8.25%.</p><p><br /></p><p><br /></p><p>Right, because retirement and retail flows drive the sector.&nbsp; You are implying they were ripping people off with the old fee structure -- they were NOT.</p><p><br /></p><p><b>The performance of the Voya Trust was FINE from 1935-1974, inclusive of fees.</b></p><p><br /></p><p><br /></p><p>Whose fault is that ?</p><p><br /></p><p><br /></p><p>No, people who can read can understand what is in it. Just because you can&#039;t understand it doesn&#039;t mean the rest of us can&#039;t.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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