[saryant]

Right, there can be fees imposed on top of the fund's price itself but that doesn't mean the fund isn't trading at NAV.

[wj]

Well, I said "purchase" rather than "trading". And you can't purchase at the NAV price if they're adding fees on top of it.

[AjithAntony]

There are a great many no-load funds. A cost-sensitive investor will naturally buy index funds, and all the major IRA custodians offer at minimum, their in-house index funds fee free.