Did you know that Capital One 360 sells mutual funds? Dubbed the 360 Investment Account, I guess they are trying some cross-selling of their 360 Savings Account. I don’t own any of them, but a visitor asked about them, so I decided to take a look since I was interested myself. Reminder – I’m not a financial professional.
It seems like they run 9 no-load mutual funds, covering some but not all asset classes like Large Cap, Mid Cap, Small Cap, International, and Bonds. You can only buy them from Capital One 360. You can also buy a mix of the funds in 3 basket portfolios – Conservative, Moderate, or Aggressive. You must already have a savings account with them to open an investment account. I found the information from the website pretty sparse, so I delved into the prospectus and also gave them a call at 1-866-BUY-FUND. I was surprised by what I found:
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