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| | "Expense ratio" Definition |
 | | Expense ratio : the percentage of the assets that were spent to run a mutual fund (as of the last annual statement). | | | The expense ratio does not include brokerage costs for trading the portfolio, although these are reported as a percentage of assets to the S.E.C. by the funds in a Statement of Additional Information (SAI). | | | Expense ratio - The percentage of the assets that were spent to run a mutual fund (as of the last annual statement). |
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http://level2.ru/dictionary/e/expense_ratio.html
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| | Expense Ratio |
| | Expense Ratio : The sum of general insurance expenses, direct commissions, and net commissions and expense allowances on reinsurance assumed and ceded, as a percentage of net premiums and annuity and fund deposits. | | | The operating expenses are the expenses that the fund incurs through operation and this can include brokerage fees, taxes, investor services, and interest expenses. | | | The percentage of total fund assets that is used to cover expenses associated with the operation of a mutual fund. |
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http://www.easyinsuranceleads.com/insurance-glossary/expense-ratio.htm
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| | Investment Management: Report on Mutual Fund Fees and Expenses |
| | We believe, therefore, that when an expense analysis includes the relationship between funds' expense ratios and their asset sizes, it is appropriate to evaluate the asset-size of multi-class funds at the fund level. | | | Before looking at the expense ratio numbers, it is useful to identify in greater detail the costs that are included in a fund's expense ratio and the costs that are excluded. | | | The asset-weighted average expense ratio for all stock funds and bond funds fell to 0.94% in 1999 from 0.99% in 1995. |
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http://www.sec.gov/news/studies/feestudy.htm
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| | Fool.com: Mutual Funds -- Costs -- Expense Ratios |
| | The nifty thing about the expense ratio is that it wraps all these various costs and expenses into one number so that you don't have to do a lot of math. | | | With an expense ratio of 1.5%, a mutual fund is cutting itself in on 1.5% of the total money in the fund every year. | | | The expense ratio represents the percentage of the fund's assets that go purely toward the expense of running the fund. |
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http://www.fool.com/school/mutualfunds/costs/ratios.htm
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| | Brokerage may affect MFs expense ratio - Sify.com |
| | Expense ratio is a mutual fund's total expenses expressed as a percentage of its average corpus through the year and they measure the charges made against the income earned by the schemes. | | | Expense ratios are capped at 2.5 per cent (of the corpus) for equity schemes and 2.25 per cent for debt schemes. | | | Expense ratios typically go up when the corpus goes down, and funds have seen their expense ratios mount recently with some of the fund houses facing severe redemptions. |
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http://sify.com/finance/mf/fullstory.php?id=13698182
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| | FinancialCounsel.com: Articles |
| | Given that expense ratios are a reality, one of the aims of this article was to "benchmark" expense ratios over a five year period from 1998-2002. | | | For example, the average turnover ratio for the 144 large cap value funds in the study during the two year period of 2001-2002 (shown in Figure 1 as "Period Two") was only 11% higher than the average turnover ratio for the same funds during the two year period from 1998-1999 ("Period One"). | | | Expense ratios, the primary constituent cost of mutual fund management, represent a drag on mutual fund performance — a "headwind" if you will. |
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http://www.financialcounsel.com/Articles/Investment/ARTINV0000137-MutualFundCostFactors.asp
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| | What's An Expense Ratio? |
| | If you take the total expenses for the whole year, and divide that by the Average Net Assets (roughly, all the investments the fund owns minus the money the fund owes anyone, averaged over all the days the stock market was open that year), you get the Expense Ratio. | | | The Mortality and Expense Risk Charge is "...to guarantee that CREF participants transferring funds to TIAA for the immediate purchase of lifetime payout annuities will not be charged more than the rate stipulated in the CREF certificate." Normally, these charges are made for annuities that have an insurance component. | | | Because the daily expenses of a mutual fund (offices, employees, utilities, and so on) are subtracted from the value of the stocks and other assets, before the daily "net asset value" per share (or as we say at CREF, "Accumulation Unit Value") is calculated, you might never see them. |
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http://home.att.net/~crefwatch/whatexpr.htm
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| | Predicting and Managing a Credit Union’s Expense Ratio |
| | A 4% expense ratio for a credit union with $4 in expenses and $100 in assets can be reduced to 3% by (1) lowering expenses to $3, (2) raising assets to $133, or (3) altering expenses and assets simultaneously. | | | The operating expense ratio (operating expenses divided by average total assets) is a popular expense management tool involving both a numerator and a denominator. | | | If a credit union has a target expense ratio, it can simulate changes in assets, shares per member, or other characteristics to measure their effect on the expense ratio of each variable while controlling for other variables. |
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http://cunalendingcouncil.org/news/208.html
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| | Comments of Mercer Bullard, Founder and President, of Fund Democracy, Inc.; Barbara Roper, Director of Investor ... |
| | The partial expense ratio creates an incentive for fund managers to shift non-execution costs that should be included in that expense ratio to a different category of expenses - so-called portfolio transaction costs - and thereby appear to reduce the total costs of the fund. | | | The partial expense ratio is misleading because it impliedly represents, in conjunction with other shareholder expenses listed in the fee table, the total cost of fund ownership. | | | This incentive will exist even if portfolio transaction costs are presented in a format apart from the partial expense ratio, because fund managers will continue to have an incentive to shift non-execution expenses out of the partial expense ratio to give the appearance that their costs are lower than they actually are. |
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http://www.sec.gov/rules/concept/s72903/mbullard03162004.htm
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| | [No title] |
| | While p-c insurer expense ratios were for the most part helped by the impact of the hard market, even insurers couldn’t escape some of the negative impacts of higher-priced insurance when they dug into their pockets to buy coverage for their own operations. | | | While our expense ratio chart gives some sense of which insurers run the leanest businesses, when full-year 2004 figures are available, they will shed more light on the added costs that some insurers are recording as they tally up bills for Sarbanes-Oxley compliance. | | | Close examination of the downward expense ratio trends through the first nine months of 2004 reveals that the declines are not an indication that p-c organizations are being more efficiently run. |
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http://www.nationalunderwriter.com/pandc/nuonline/022105/p07insurers_trim.asp
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| | Top 10 mutual fund terms |
| | The expense ratio is revealed as a percentage of the fund's average net assets, and it is deducted before you are paid any return. | | | The expense ratio is what it costs to operate the fund -- money that is collected through management fees, administrative fees and other asset-based charges. | | | Turnover is a measure of a fund's trading activity based on the number of times a year that an average dollar of assets is reinvested. |
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http://www.bankrate.com/brm/news/advice/20000502a.asp
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| | Value Line |
| | Although a detailed record of a fund's expenses are divulged on a dollar basis in its annual and semiannual reports, the amount charged is usually disclosed as a percentage of its net assets, a number known as the expense ratio. | | | All fund expense ratios include a management fee, which is, essentially, the compensation paid to the investment advisor or manager for this service. | | | The expenses faced by a fund's administrator can be numerous, but the most explicit include costs that one would expect to find in any business, such as salaries and other general office expenses. |
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http://www.valueline.com/news/fund020716b.html
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| | Mutual Funds |
| | The fund’s expenses broadly cover the investment management and advisory fee, the marketing and selling expenses etc. Put simply the expense ratio denotes the amount out of the total corpus which is being used to finance the scheme’s expenses. | | | The comparison for expense ratios must be between funds from the same asset class i.e. | | | Having said all this, investor’s should remember that the expense ratio is one amongst various factors to be studied. |
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http://www.personalfn.com/detail.asp?date=3/3/2004&story=4
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| | ICI Letter on NASD Fund Performance Advertising Proposal, January 2004 |
| | The financial highlights table includes, among other items, a ratio of the fund's expenses to average net assets that is required to be calculated using the amount of expenses shown in the fund's statement of operations for the relevant fiscal period. | | | The Item 9 expense ratio is a measure of the fund's actual/historical expenses and as such, it reflects any waiver or reimbursement of fees or expenses. | | | The Notice requests comment on whether, rather than requiring disclosure of a fund's annual expense ratio, NASD should require disclosure of the actual dollar amount of expenses incurred by a hypothetical shareholder in the fund (e.g., dollar amount of expenses per a $10,000 investment). |
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http://www.ici.org/statements/cmltr/04_nasd_ad_disclose_com.html
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| | RealtyBaron.com : Hot Property: Expense Ratio: a "Know-How" |
| | Housing expense ratio is a ratio expressed in percentage, stating a borrower monthly debts or long term debts to his or her monthly income. | | | Total expense ratio is the same except that the numerator includes existing debt service obligations of the borrower. | | | For each of their loan programs, lenders set maximums for these ratios, such as, e.g., 28% and 36%, which the actual ratios must not exceed. |
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http://www.realtybaron.com/hotproperty/2005/01/expense-ratio-know-how.jsp
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| | Dollar-Cost Averaging With ETFs |
| | For example, if the expense ratio is a steady 11 basis points, the cost of the expense ratio is $0.11 on a $100 investment and $1.10 on a $1,000 investment. | | | While the expense ratio takes the same bite out of each dollar amount invested, a flat-rate brokerage fee can end up taking a large chunk out of small periodic investments, even at a discount broker that charges a mere $10 per trade. | | | Because the expense ratio is a percentage, it has no effect on the benefits of dollar-cost averaging. |
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http://stockpickers.investopedia.com/articles/mutualfund/05/ETFdollarcost.asp
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| | Interactive Investor Help |
| | All of Fitzrovia's Total Expense Ratio calculations are based on published fund accounts and show all annual operating costs that have been charged to the fund over a one year period. | | | A: A range of annual expenses are charged to the fund every year for the ongoing management and operating costs of running your investment. | | | But if the total annual expenses charged to the fund (the Total Expense Ratio, or TER) are just 1% these will drag down the performance to £16,036. |
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http://www.iii.co.uk/help/help.epl?page=fitzrovia_faq.epl
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| | FPA Journal - Mutual Fund Expense Ratios: How High is Too High? |
| | If the fund's expense ratio were adjusted upward to reflect the sales commission (perhaps by allocating it across a typical anticipated holding period of, perhaps, five years), the fund would still be worth it in the example. | | | As imperfect as it may be, the approach is an improvement on the alternative, which is simply guessing whether a particular fund's expense ratio will detract from the fund's performance so much as to outweigh the expected benefits of including that fund in a portfolio. | | | Such investors are often conflicted between the benefits of diversification promised (by adding a particular asset class to their portfolio) and a reluctance to pay the seemingly high expense ratios that sometimes accompany available index funds that invest in those asset classes. |
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http://www.fpanet.org/journal/articles/2004_Issues/jfp0904-art6.cfm
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| | Does the Expense Ratio Tell the Whole Story? |
| | Its expense ratio, 1.7 percent, includes a marketing fee known as a 12b-1 fee; that fee is not an additional cost. | | | Miller's fund has an expense ratio of 1.7 percent, compared with 1.5 percent for the average domestic stock fund, according to Morningstar Inc. The fund also charges a fee for marketing expenses, known as a 12b-1 fee, which many critics abhor. | | | A recent study commissioned by the Zero Alpha Group, a network of financial advisory firms, for example, found that for 30 large mutual funds, trading by fund managers added 0.3 percentage points to annual fund expenses, an amount that was not reflected in fund expense ratios. |
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http://www.nytimes.com/2004/02/08/business/yourmoney/08fees.html?ei=5035&en=864261b986dc77a1&ex=1162616400&partner=MARKETWATCH&pagewanted=print&position=
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| | Expense Ratio - Definition |
| | The expense ratio varies from fund to fund and it can have a pretty large impact on your total rate of return, so be careful not to invest in a mutual fund with a high expense ratio (unless you're really sold on it). | | | This is the percentage of total investments that investors in mutual funds have to pay to cover the fund's operating expenses and management fees. | | | Index funds and bond funds require much less work by the fund company so they typically have lower expense ratios. |
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http://www.teenanalyst.com/glossary/e/expenseratio.html
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| | [No title] |
| | Because this ratio is then applied to the sales value of the subject merchandise, the resulting indirect selling expense corresponds to the subject merchandise. | | | Therefore, all Yamaka expenses not otherwise accounted for as direct selling expenses would be categorized as indirect selling expenses, since Yamaka's sole function is to serve as a sales entity. | | | The income statement line items which petitioner included in the numerator of this calculation were "selling expenses," "administrative expenses," "financial expenses," and "other expenses." The recalculation proposed by respondents in their September 2, 1997, response to the clerical error allegation challenged only the inclusion of the latter two categories. |
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http://ia.ita.doc.gov/remands/97-1904-07nafta.htm
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| | Operating Expense Ratio |
| | The operating expense ratio for advertising would be calculated like this. | | | Operating expenses are costs associated with the operation and | | | between the total operating expenses and the effective gross income. |
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http://www.invest-2win.com/operating-expense-ratio.html
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| | [No title] |
| | The statutory underwriting ratios set forth in the 2002 10-K also were based on statutory underwriting expenses, for which all policy acquisition costs were expensed as incurred. | | | Reconciliation of Statutory Accounting Measures ----------------------------------------------- The expense ratios and the expense component of the combined ratios set forth in the 2002 10-K were based on written premiums, which are calculated based on statutory accounting principles. | | | This report includes a reconciliation of the statutory underwriting expense measures underlying the 2002 10-K statutory underwriting ratios to the corresponding GAAP underwriting expense measures. |
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http://www.freeedgar.com/EdgarConstruct/Data/948572/03-23/b8k050803.txt
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| | [No title] |
| | A 1% expense ratio is 0.004% per day with 250 trading days in a year; thus, if the fund had a net asset value of $250.00, one day would cause its NAV to drop to $249.99. | | | 04:19 PM The expense ratio is paid daily by the fund, and it affects the value of the fund holdings. | | | The expense ratio matters for tax purposes because you pay taxes only on net earnings. |
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http://socialize.morningstar.com/NewSocialize/Asp/FullConv.asp?forumId=F100000015&convSeqNumber=39987&mrr=1109038980
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| | TheStreet.com: Funds Notebook: Jacob-Less Internet Fund Lowers Expense Ratio |
| | The average expense ratio for a technology fund, according to Morningstar, is 1.75%. | | | But while the Internet fund is lowering its expense ratio, Samson expects the fund to make more money this year as a business than it did in 1998. | | | The only other no-load fund in this group is WWW Internet, which capped its expenses at 2.5% in its latest prospectus, with a 1% redemption fee for shares sold within a year of purchase. |
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http://www.thestreet.com/pf/funds/funds/767439.html
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| | Expense Ratio |
| | Charge, stated as a percentage of total investment, that shareholders pay for a mutual fund's operating expenses, management fees and other overhead expenses. | | | The money is withheld from the fund's current income and is not an out-of-pocket cost to the investor. | | | The amount, as a percentage of your total annuity account balance, that you pay annually for investment and insurance-related charges. |
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http://www.totalreturnannuities.com/annuity-glossary/e/expense-ratio.html
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| | Expense ratio might not tell the whole story |
| | The 12b-1 fee is used for marketing expenses, such as advertising, and is included in the expense ratio. | | | Instead, they take a percentage of the assets they manage to use for normal business expenses, such as rent, salaries, administration, custodian fees — and profit. | | | Consider MFS Growth B, a $1.2 billion fund with a hefty 1.99% expense ratio. |
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http://www.usatoday.com/money/perfi/funds/0008.htm
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| | INVESTING In Land - Operating Expense Ratio Article |
| | Operating expense ratio analysis is the key to positive cash flow rental property management. | | | Sometimes the overall OER is perfectly normal but the component ratios that add up to the total are quite bizarre and instantly point to either a problem property (a high repair and maintenance ratio, for example) or a windfall opportunity (high utility, heating, legal, advertising, or other very soft costs). | | | It is more than the mathematical relationship between the operating expenses of a rental property or real estate investment and the total or gross operating income of that same property. |
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http://www.investinginland.com/operating_expense_ratio.htm
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| | LOW EXPENSE RATIO |
| | The larger the fund family the lower should be their expenses per fund as they can outsource from the fund to a central billing and customer service desk. | | | One of the big advertising kicks today from mutual funds is to tell how low their expense ratio is and that you will make a great deal more money if you buy and hold with them. | | | Actually as a fund grows in size its expenses should automatically come down as a percent of assets, but you will find that is not the case for many funds. |
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http://www.mutualfundmagic.com/articles/060704.html
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| | NASD - Investor Information - Investor Alert - Understanding Mutual Fund Classes |
| | The expense ratio includes the asset-based sales charge and other ongoing fees that are deducted from a mutual fund’s assets to pay for the services of the mutual fund’s investment adviser or transfer agent or for other expenses. | | | The expense ratio charged on Class A shares is generally lower than for the Class B shares, and the mutual fund may offer large-purchase breakpoint discounts from the front-end sales charge for Class A shares. | | | For example, an expense ratio of 1% represents an annual charge to the fund’s net assets — including your proportional interest in those assets — of 1% every year. |
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http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_006022
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| | FT Fund Ratings Help Glossary |
| | FT Fund Ratings' Charge Rating is based on a Total Expense Ratio (provided by Fitzrovia) which incorporates the AMC as well as other 'hidden' costs of owning the fund. | | | The FT Charge Rating compares funds according to the level of a fund's total annual expenses charged to the fund (TER or Total Expense Ratio). | | | This is a percentage figure showing the proportion of a fund's assets consumed by all annual costs accrued by the fund. |
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http://globalelements.ft.com/Markets/Funds/popup_help_gloss.html
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| | Total Expense Ratio - TER |
| | The total cost of the fund are divided by the fund's total assets to arrive at a percent, which represents the TER. | | | The size of the ratio is important to investors as the costs come out of the fund and hurt the returns that investors achieve. | | | These costs include mainly the management and additional expenses such as trading fees, legal fees, auditor fees and other operational expenses. |
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http://www.investopedia.com/terms/t/ter.asp
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| | [No title] |
| | The Expense Ratio is an annual charge against the total amount invested. | | | You are charged a proportional expense whether you woen the fund one day or one year. | | | Total Returns are stated net of the Expense Ratio (which includes the 12b1 fee if applicable) unless specifically noted otherwise. |
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http://socialize.morningstar.com/NewSocialize/asp/FullConv.asp?forumId=F100000002&convId=88549
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| | Why Mutual Fund Expense Ratios Matter (or How 0.5% In Higher Fees Can Cost You $25,000) |
| | Let’s assume that we have two funds that perform the same before expenses, but one has an expense ratio of 1.5% and the other has an expense ratio of 1.0%. | | | We'll also show you that switching to a fund with an expense ratio that is 0.5% lower than your current fund can save you $25,000 or more over time. | | | A lower expense ratio does not guarantee better performance, but the study shows that choosing funds with low expense ratios increases your odds of success. |
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http://www.beatthestockmarket.com/pages/news/mutual_fund_fees.htm
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| | TheStreet.com: Jacob Tweaks Expense Ratio for Eagerly Awaited Fund |
| | And of course, any fund's expense ratio is dependent on the assets in the fund. | | | Since the fund isn't even in existence yet, its expense ratio is a pure estimate. | | | The fund's advisor, Jacob Asset Management, has agreed to cap expenses at a flat 2%, at least until August 2000. |
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http://www.thestreet.com/funds/funds/787581.html
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| | Interest Expense Ratio |
| | Total interest expense/ total farm income (cash or accrual) |
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http://www.bsc.nodak.edu/adultfarm/Ratios/tsld014.htm
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| | personalfn - Mutual Funds |
| | Get the latest expense ratio of all mutual fund schemes by category - balanced, income, growth, MIP and so on. | | | (Sample: Get all open-ended balanced funds with the an expense ratio of less than 2.0%) |
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http://www.personalfn.com/research-it/mutual-funds/fundarena/expratio.html
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| | Introductory Page to Expense Ratios in Mutual Funds |
| | Various fees and expenses add to the investor's total cost of some securities. | | | Many investors are becoming increasingly aware of how one of these costs—the expense ratio—can affect the performance of their mutual funds. | | | Mutual Funds > Expense Ratios in Mutual Funds |
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http://www.chatlink.com/~kas/QUICKENW/INET/common/pnf/pi/4_5.htm
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| | expense ratio Definition |
| | The expense ratio does not include brokerage costs and various other transaction costs that may also contribute to a fund's total expenses. | | | For a mutual fund, operating costs, including management fees, expressed as a percentage of the fund's average net assets for a given time period. | | | Give this definition a rating from 1 to 5 (5 being the best)... |
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http://www.investorwords.com/1844/feedback.cgi?1844
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| | Operating Expense Ratio |
| | Total Operating Expense less depreciation divided by gross revenues | | | Much better if accrued income & expense is used- more accurate | | | For every dollar we took in, how much did we need to spend?? |
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http://www.bsc.nodak.edu/adultfarm/Ratios/tsld011.htm
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| | Glossary of Investment Terms |
| | Management Expense Ratio (MER) This figure comprises the management fee plus all other expenses (excluding government taxes) that are charged directly to the mutual fund (as set out in each fund's prospectus), stated as a percentage of the Net Asset Value of the Fund. | | | Management Fee The fee paid to the manager for its services. | | | We would be happy to add it to our list. |
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http://www.altamira.com/altamira_en/education-tools/glossary/_m.htm
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| | expected expense ratio |
| | A formula used by an insurer to relate expected income to expected incurred expenses. | | | Formula: expected incurred expenses ÷ expected written premiums. |
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http://insurance.cch.com/rupps/expected-expense-ratio.htm
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| | expense ratio |
| | A formula used by insurance companies to relate income to administrative expenses (e.g., commissions, taxes, acquisition advertising and administration expenses). | | | Formula: expenses (excluding losses, loss adjusting expenses and policyholder dividends) ÷ earned premiums. |
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http://insurance.cch.com/Rupps/expense-ratio.htm
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| | ForeclosuresMass - 'Total expense ratio' defined in the Real Estate Glossary |
| | Total expense ratio: The percentage of monthly debt obligations relative to gross monthly income. | | | ForeclosuresMass - 'Total expense ratio' defined in the Real Estate Glossary | | | The definition for Total expense ratio and this glossary as a whole are presented to you as a courtesy of ForeclosuresMass. |
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http://www.foreclosuresmass.com/help/view/glossary/termid/843
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| | USATODAY.com - Tackle ETF prospectus at benchmark, expense ratio |
| | Ronald DeLegge of Enforte Financial Services, which specializes in ETFs, says ETFs invested in small-cap stocks should have expense ratios of 0.25% or less, and global ETFs usually charge 0.50% to 0.75%. | | | USATODAY.com - Tackle ETF prospectus at benchmark, expense ratio | | | Posted 12/13/2004 3:07 AM Today's Top Money Stories |
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http://www.usatoday.com/money/2004-12-13-annalyze-report_x.htm
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| | Operating Expense Ratio (OER) |
| | The Operating Expense Ratio (OER), also known as the expense ratio, is the cost of administering and managing a mutual fund, including salaries and bonuses paid. | | | Find ThinkGlink.com articles about this term: Operating Expense Ratio (OER) | | | Reproduction of material from any www.ThinkGlink.com pages without written permission is strictly prohibited. |
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http://www.thinkglink.com/Operating_Expense_Ratio_OER.asp
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| | Expense - Fund Expense Ratio |
| | Fitzrovia International - Investment fund research, Total Expense... | | | An AFSCME affiliate representing 45000 registered and licensed practical nurses. | | | Go Home Expense Newsletter Archives Expense Links Advertise on this site Add URL |
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http://www.atozexpenses.com/fundexpenseratio
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