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Mutual Fund Fees
Posted on 8/13/15 at 10:29 am
Posted on 8/13/15 at 10:29 am
Didn't quickly see the answer in the Money Talk Guide stickied threads. Anyway, here's my situation/question.
Participating in 401(a) thru the state of MS and looking at info on the choices available and led to reading more about mutual funds fees and bunch of other crap that's not important. When reading on investopedia on fees See Cost Section, it mentions shareholder fees and annual fund operating fees. Shareholder fees are associated with buying in and getting out - this is the "load", correct? And annual operating fees is the "expense ratio"? Article doesn't specifically use the terms Load and Expense Ratio and has me a little confused. Says the annual operating fees are usually 1-3% and all the expense ratios I'm finding are below 1% (save one at 1.11%) and most are well below 1%.
Are these terms interchangeable or am I missing something when trying to research the costs associated with these mutual funds?
TIA
Participating in 401(a) thru the state of MS and looking at info on the choices available and led to reading more about mutual funds fees and bunch of other crap that's not important. When reading on investopedia on fees See Cost Section, it mentions shareholder fees and annual fund operating fees. Shareholder fees are associated with buying in and getting out - this is the "load", correct? And annual operating fees is the "expense ratio"? Article doesn't specifically use the terms Load and Expense Ratio and has me a little confused. Says the annual operating fees are usually 1-3% and all the expense ratios I'm finding are below 1% (save one at 1.11%) and most are well below 1%.
Are these terms interchangeable or am I missing something when trying to research the costs associated with these mutual funds?
TIA
1
Posted on 8/13/15 at 10:29 pm to Stateguy
Just remember that when you see the "year to date" gain by a MF, the fees are already factored in.
If the MF is showing a loss, that is where you really feel the effect of the fees (compared to another fund of similar nature).
Some MF charge a "load" to get in. Usually American Funds does this, i.e., 5% front-end load that takes $50 off your %1000 investment. Avoid at all costs front or back end fees. Usually in a group fund, American will waive the front end fees to gain the business.
If the MF is showing a loss, that is where you really feel the effect of the fees (compared to another fund of similar nature).
Some MF charge a "load" to get in. Usually American Funds does this, i.e., 5% front-end load that takes $50 off your %1000 investment. Avoid at all costs front or back end fees. Usually in a group fund, American will waive the front end fees to gain the business.
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