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Portfolio Transaction Costs
(redirected from Portfolio Transaction Cost)

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Portfolio transaction costs
The expenses associated with buying and selling securities, including commissions, purchase and redemption fees, exchange fees, and other miscellaneous costs. In a mutual fund prospectus, these expenses are listed separately from the fund's expense ratio.

Portfolio Transaction Costs
Miscellaneous fees associated with the trade of securities. These fees include commissions, exchange fees, early redemption fees, and anything else not directly related to the price of the security. Under SEC rules, mutual funds and closed-end funds must disclose their commissions both as a dollar amount and as an expression of cents per share, but this disclosure is separate from any other transaction costs.


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The Report of the Mutual Fund Task Force on Soft Dollars and Portfolio Transaction Costs represents the conclusion of the first phase of the task force's work.
The November 11, 2004 Report of the Mutual Fund Task Force Soft Dollars and Portfolio Transaction Costs recognized that Section 28(e) is an important element in maintaining the flow of information to investment managers, and recommended only modest changes to the existing regulatory regime applicable to Section 28(e) (or "soft dollar") arrangements.
Include a total expense ratio for each investment option that includes all fees incurred in connection with an investment in the plan, such as portfolio transaction costs, distribution costs, operating costs, and administrative fees, whether charged by the state, plan manager, investment manager, or other entity; e.
 
 
 
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