Question
What is a mutual fund expense ratio?
Interesting Question? 
(3) 
(5)
(3) (5)
Answers (1)
18th Nov 2009 by Daniel Cross, ChFC
A mutual fund expense ratio is a management fee combined with 12b-1 fees that a fund charges to investors. Fees can vary depending on the type and style of fund. They can range from being less than 1% to well over 4%. The average ratio found is 1.38 so anything less than that is considered cheap. Shopping around at different brokers is recommended to find the right mutual fund at a fair price to invest in.
A mutual fund expense ratio is a management fee combined with 12b-1 fees that a fund charges to investors. Fees can vary depending on the type and style of fund. They can range from being less than 1% to well over 4%. The average ratio found is 1.38 so anything less than that is considered cheap. Shopping around at different brokers is recommended to find the right mutual fund at a fair price to invest in.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
18th Nov 2009 In Mutual Funds
1 Answers | 90 Views
Subjects: mutual fund,