Annual fund operating expenses

(redirected from Annual Fund Operating Expense)

Annual fund operating expenses

For investment companies, the management fee and "other expenses," including the expenses for maintaining shareholder records, providing shareholders with financial statements, and providing custodial and accounting services. For 12b-1 funds, selling and marketing costs are also included.

Annual Fund Operating Expenses

The cost that a mutual fund or other investment company incurs for maintaining proper records, printing financial statements, and otherwise maintaining operations. Annual fund operating expenses sometimes include marketing costs as well. Most investment companies assess a fee to cover these expenses. This fee is separate and distinct from the load (or sales fee). See also: Management fee.
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Similarly, the annual fund operating expense information was varied to reflect above-average versus below-average fund expenses.
Returns assume reinvestment of dividends and distributions, and includes the total annual fund operating expense ratio of 1.
The total annual fund operating expense ratio of the Direxion Long/Short Global Currency Fund, gross of any fee waivers or expense reimbursements, as stated in the fee table of the fund's prospectus, is 1.
The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until February 1, 2016, to ensure that the net annual fund operating expenses will not exceed 1.
There are also Annual Fund Operating Expenses, which include Management Fees, Distribution (12-b-1) fees, Other Expenses, and Total Annual Fund Operating Expenses.
Fund operating expenses represent the total of all a mutual fund's annual fund operating expenses.
The fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until 10/31/2012, to ensure that the net annual fund operating expenses will not exceed 1.
Under annual fund operating expenses are distribution or service fees, also known as 12b-1 marketing fees in the industry; management fees; and other costs, such as custodial, legal, or accounting expenses.
The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until July 31, 2013, to ensure that the Total Annual Fund Operating Expenses After Fee Waiver (exclusive of any acquired fund fees and expenses, borrowing costs, taxes and extraordinary expenses) will not exceed 2.
The Adviser has contractually agreed to waive its advisory fee and reimburse certain expenses, until October 31, 2015, so that the Net Annual Fund Operating Expenses of the Fund will be limited to 0.
Including Acquired Fund Fees and Expenses the Fund's Total Annual Fund Operating Expenses would be 1.
If total annual fund operating expenses would fall below the expense limit, the Advisor may cause the Fund's expenses to remain at the expense limit while it is reimbursed for fees that it waived or expenses that it assumed during the previous three year period.

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