Bob Brinker's Marketimer

  Tuesday November 21, 2017

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WHERE DO YOU FIND A MUTUAL FUND'S EXPENSE RATIO?
Learn even more about this topic with the Encyclopedia of Personal Finance™

You won't find a mutual fund's expense ratio in a newspaper listing the net asset value (NAV) and returns of major funds. Yet expense ratios are not difficult to find.

The place to look is the mutual fund's prospectus. The prospectus provides information on a fund's management and a financial statement—including the fund's expense ratio. You can request a prospectus directly from the fund, through its Web site or from the SEC's EDGAR database.

Prospectuses can be challenging to read, but thanks to a 1988 SEC ruling, the fund's expenses are usually easy to understand. The expense ratio includes the 12b-1 fee (if there is one), along with the total management and operating expenses. The financial statement also lists any sales charges, such as commissions to buy, redeem, or exchange shares.

For example, one fund reported the following expense ratio:

Management Fees
12b-1 Fees
Other Expenses
Total Operating Expenses (Expense Ratio)
1.00%
0.25%
0.32%
1.57%

Comparing a fund's expense ratio with that of other funds that have the same investment objectives can help you determine which funds achieve the most bang for the buck.

Now, let's look at the general range for most expense ratios.




LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!

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