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Can I Buy American Funds Mutual Funds on TD Ameritrade? Does TD Ameritrade Offer T. Rowe Price Mutual Funds/ETFs (Bond, Stock, and Index Funds)?



Investing in American (T. Rowe Price) Mutual Funds on TD Ameritrade


Our readers are sometimes asking us the following questions:

- Are American Funds and T. Rowe Price mutual funds and ETFs offered on TD Ameritrade account?
- Can I buy and sell American Funds and T. Rowe Price funds and ETFs through TD Ameritrade?
- What is the cost to invest in American Funds or T. Rowe Price mutual funds and ETFs on TD Ameritrade account?

In this article we will provide answers to all these questions.


Overview


TD Ameritrade has a large selection of mutual funds and commission-free ETF's. Some of these products are T. Rowe Price and American funds. Here's a rundown on what these funds will cost to trade at TD Ameritrade.


Can You Buy American Funds on TD Ameritrade Account?


There are currently 167 American Funds mutual funds available to trade on TD Ameritrade, 55 of which do not have any transaction fees. Some of these funds carry loads while others do not.

Before choosing to invest in one of these mutual funds, investors should pay close attention to these costs and the gross expense ratios, which range anywhere from 0.50% to more than 2.0% for American Funds. TD Ameritrade charges a fixed commission of $49.99 for buying and selling transaction-fee mutual funds.


Can I Buy American Funds on TD Ameritrade


American Funds’ mutual fund offerings on TD Ameritrade cover a wide variety of asset classes and well-diversified strategies, including global large cap equities, government bonds, emerging markets debt and equity, and many multi-asset class allocation mutual funds.

For example, one of their more popular funds is the American Balanced Fund, which is a multi-asset class mutual fund that has $130 billion in assets. It seeks to provide investors with a combination of current income (it’s currently yielding just under 2%) while also generating long-term capital appreciation by investing in combination of investment grade debt and the equities of mostly large, domestic corporations. The fund is available in three different share classes (which represent different fee structures) and currently has four stars on Morningstar.


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Can You Buy T. Rowe Price Funds on TD Ameritrade Account?


TD Ameritrade’s platform currently offers 124 mutual funds managed by T. Rowe Price, none of which have any transaction fees or carry any loads. What makes these funds even more attractive is their relatively low expense ratios, which range from just 0.2% to 1.5%.

Perhaps the tradeoff for the low fee structure is the minimum investment requirements, which are a bit higher than average. The required investment for most T. Rowe Price mutual funds is $2,500; however they also have a handful of funds with requirements of $25,000 or even $1,000,000.


Can I Buy T. Rowe Price Funds on Ameritrade


T. Rowe Price’s mutual fund offerings through the TD Ameritrade platform cover all the major asset classes, including equities, government and corporate debt, and real estate. Their funds even offer coverage of some more niche investment areas, like municipal bonds issued in the state of New Jersey, and funds focused on equities in frontier markets like Latin America or Africa.

Because T. Rowe Price has chosen to offer mutual funds in many of these less-popular markets their funds vary quite a bit in total net assets, ranging from their Global Consumer Fund (PGLOX) with just $17million in assets to their Blue Chip Growth Fund (TRBCX) with $54billion. T. Rowe Price’s mutual funds have fairly good ratings as well, with more than half being rated at least four stars by Morningstar.


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Can I Buy American Funds on TD Ameritrade Recap


Both of these investment managers have a significant number of funds available for purchase through the TD Ameritrade platform. In terms of fees and investment strategies, T. Rowe Price appears to have the more competitive universe of funds. However, in terms of assets under management, American Funds certainly has attracted more investor capital. This could suggest that despite the higher fees, more investors prefer to park their hard-earned money with American Funds.


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