Ticker aagtx

Submitted by victor hicks on Tue, 2018-12-25 01:08

I have a question I’m hoping someone could answer I have a IRA set up through my job as the employer matches up to 4% stock prices. The Yahoo never match the price the day of American fund transactions receipt I pay per stock for instance I look up ticker aagtx on 12/17/18 I got 3.11 stocks at 14.76 each and company match 3.11 stock at 14.76 each if you look up stock price on 12/17/2018 it is 14.39 but I’m paying 14.76ea. Why dose this not match that’s 1 week deposit I’ve look through out entire year I always pay more than its worth the date of purchase on there recipe?



Submitted by Alan - IRA critic on Tue, 2018-12-25 02:26

Only a guess, but aagtx is a Class A fund with a 5.75 front end load. This could be showing up in the form of an increased NAV figure rather than a load. While 14.76 is 2.6% more than 14.39 rather than 5.75% more, this could be a negotiated load between the American funds and your employer. But to know for sure, you will have to ask your employer to explain the difference in NAV.

Submitted by David Mertz on Tue, 2018-12-25 12:25

  • Alan, I think that’s a good guess.  The presumed load actually works out to:  1 – ($14.39 / $14.76) = 2.5%
  • 3.11 * 14.76 means that the elective deferral was $45.90.  2.5% of that presumably goes to the load and the remaining $44.75 buys $44.75 / $14.39 = 3.11 shares of AAGTX.

Submitted by William Tuttle on Tue, 2018-12-25 15:13

  • It is extremely unlikely that this is an IRA. Any 4% match to a payroll deduction IRA would be taxable compensation.
  • This is almost certainly a SIMPLE IRA, especially with the use of American Funds.
  • If it is a SIMPLE IRA, the maximum employer match is 3%.

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