Prudent Speculator editor John Buckingham has converted his Al Frank fund to a no-load from a load mutual fund. Buckingham, who is president of the investment advisor AL Frank Investment Management and portfolio manager of the fund, said that the change was being made as part of the firm's efforts to woo individual investors.

The fund is based on the stock selection criteria laid out in the Prudent Speculator investment newsletter.

The $50 million fund had carried a 5.5 percent sales load. Going forward, Buckingham expects to distribute the fund directly to investors through discount brokerages.

Quasar Distributors acts as the distributor of the fund.  

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