| Mutual Fund Express |
What is Mutual Fund Express?
Mutual fund expense ratios, and similar investment-related fees, can seriously erode wealth accumulation over time. Those fees and expenses are stealthy, and they go largely unnoticed by investors while steadily diminishing the value of their investments in both up and down markets. What you pay for investing in a mutual fund, exclusive of any sales charges, is indicated by the "expense ratio" of the fund. The expense ratio is the percentage of mutual fund assets paid for operating expenses, management fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Those expenses are reflected in the fund's net asset value (NAV), and they are not really visible to the fund investor. The reported net return equals the fund's gross return minus its costs. (And expense ratios do not account for every cost mutual fund investors bear: additional costs include any sales charges, brokerage commissions paid by the fund and other significant kinds of indirect trading costs.)
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