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I've been reading all of the posts here and now I'm really having a fit. I started looking at the expense ratios on my various investments. My current 403B is with Fidelity. It has 100k, which is about 12% of our portfolio. Just as an example, one of my funds is Fidelity Value Strategy (FSLSX). YTD return is .03%. The management fee is .58% and expense ratio is .84%. Then I see that the total cummulative return YTD is -1.40%, which works out to .03% - .58% - .84%.
Am I understanding the fees above correctly? The 1 year return on the same fund is 12.64%, which seems excellent to me.
I have Vanguard Funds available to me also, so I'm going to research them.
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