PRMTX used to lead NASDAQ. Since takeover by new manager early 2007, PRMTX has barely met and mostly lagged NAS. What are we buying for 0.95% expense fee? If not the manager then who is responsible? Cash in and buy the NAS. Same performance, no fee.
You really have to watch those fees as they will eat you up! I read on the internet just this week that the average person participating in a 401K plan threw there employer will loose about one third of there money or $155,000.00 dollar ( just in the fees they take out....). That is why congress got involved and are going to make these financial institutions disclose how much money is taken out for fees ( including hidden fees as well ). You will start to see on your financial statement this fall how much they have taken out.............about the only good thing our government has done for us lately.