Annual fund operating expenses

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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The table in the "Annual Fund Operating Expenses" section and the "Past Performance" section showing the performance of each share class over various time periods are particularly useful.<br />A caveat emptor approach is essential in connection with share class selection, and it's not that difficult to become an informed investor.
Lisanti Capital Growth, LLC, a certified woman-owned and managed SEC registered investment advisor specializing in US small- and small/mid-cap (SMID) equity growth investing, has announced the Dinosaur Lisanti Small Cap Growth Fund (ASCGX), for which Lisanti is the investment advisor, has reduced the Total Annual Fund Operating Expenses after the contractual Fee Waiver and/or Expense Reimbursement for the Fund to 1.35% through April 30, 2019, , the company said.
There are also Annual Fund Operating Expenses, which include Management Fees, Distribution (12-b-1) fees, Other Expenses, and Total 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 1.85%, subject to possible recoupment from the fund in future years.
For example, annual fund operating expenses for Fidelity Freedom 2055 total 81 basis points, and that fund includes a higher allocation of underlying equity funds.
Finally, data were given for annual fund operating expenses to all study participants.
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.