Mutual Funds at Ally Invest
Mutual funds are one of the many investment products open to Ally Invest customers. Here’s the upside—and the downside:
Availability
At Ally Invest, mutual funds can be bought and sold in
self-directed accounts. They are not offered in robo accounts. The firm’s automated program puts client money only into
exchange-traded funds.
A self-directed Ally Invest account can be opened in several formats, including
individual, joint, custodial, IRA, and Coverdell.
Ally Invest Mutual Funds Pricing
Every
no-load mutual fund now comes with a
$0 transaction fee.
Searching for Mutual Funds on Ally Invest
With Ally Invest’s easy-to-use mutual fund screener, finding funds is a simple process. This search tool is available on the website but not on the broker’s other trading platforms. Look under the Quotes & Research tab to find the screener.
After the screener opens, a few search filters will already be shown. These can be removed if needed. More can be added by clicking the button at the bottom to include extra criteria. Examples include:
- Fund family
- Load status
- Minimum investment
- Sharpe ratio
A search can be saved and used again later. During our review, we found 9,866 funds that were open for purchase.
Mutual Fund Analysis
Selecting a ticker symbol or fund name in the search results opens the fund’s profile page. There, investors get a fair amount of information. Ally Invest uses Lipper for fund ratings. There are no Morningstar ratings or analyst reports.
At the top of a fund’s profile are five tabs:
- Snapshot
- Charts
- Performance
- Portfolio
- Expenses
Information on the snapshot tab includes the following:
- Total Expense Ratio
- Average Market Capitalization
- Net Asset Value
- Total Net Assets
- Minimum Initial Investment
- Minimum IRA Investment
- Current Yield
- Dividend Ex-Date
- Standard Deviation
- Portfolio Turnover
Placing a Trade
In the screener’s results list, there are buy and sell links for every fund. On a fund profile page, there are also buy and sell buttons at the top. Clicking any of these links on either page opens the mutual fund trade ticket. It is also possible to submit a mutual fund order on LIVE (the browser platform). The Ally Invest mobile app does not have an order ticket for mutual funds.
Best Brokers For Mutual Funds
Ally Invest Mutual Funds Judgment
Ally Invest offers a respectable mutual fund setup for self-directed investors. Unfortunately, some features are still missing, such as mobile app trading, a list of no-load, no-transaction-fee funds, and deeper research tools. Those features, along with others, can be found at competing brokerage firms.
Ally Invest Review and Rating
Updated on 4/15/2026.
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