Mutual Fund Fees
Do you know how much you are paying for your mutual funds? Are there sales charges? How about the fees you pay to the fund company? Learn more about what you are paying for.
You have decided to add mutual funds to your well-balanced portfolio. Your next step is to sift through the myriad of choices— where do you buy mutual funds and how much is it going to cost you?
Why do you have to pay those hidden fund fees known as 12b-1 fees? Some folks think these fees are no good, hidden fund fees that are unnecessary. There’s been so much press on these so-called hidden fund fees lately that I posed a few questions to Morningstar. I asked Russel Kinnel, director of fund research at Morningstar to weigh in on the argument.
Mutual fund management fees are best explained by thinking about a big bowl of chocolate chip cookie dough...now eat some of the dough.
A handy, thorough guide on mutual fund fees by the Investment Company Institute.
The SEC's Mutual Fund Cost Calculator enables investors to easily estimate and compare the costs of owning mutual funds. The Cost Calculator takes the mystery and math out of the cost equation, revealing how costs add up over time.
It’s often said that expense fees charged to investors by socially responsible mutual funds are generally higher than those assessed by other actively managed mutual funds. But in fact the evidence is too thin to make that determination one way or another. William Donovan, About.com Guide to Socially Responsible Investing, provides some food for thought.
