EXPENSE RATIOS IN MUTUAL FUNDS
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Various fees and expenses add to the investor's total cost of some securities. Many investors are becoming increasingly aware of how one of these costs—the expense ratio—can affect the performance of their mutual funds. This tutorial examines the expense ratio and discusses its potential impact on investment return.

• What Is an Expense Ratio?
• CALCULATING A MUTUAL FUND EXPENSE RATIO
• WHAT''S INCLUDED IN A MUTUAL FUND EXPENSE RATIO?
• Where Do You Find a Mutual Fund''s Expense Ratio?
• What Is the Typical Range for Expense Ratios?
• How Does the Expense Ratio Affect Investment Return?
• SUMMARY OF EXPENSE RATIOS IN MUTUAL FUNDS

To begin, let's define the expense ratio.