inquisitive
Recycles dryer sheets
- Joined
- Apr 7, 2008
- Messages
- 223
I have a selection of Fidelity mutual funds to choose from and noticed differences between the net and the gross expense ratios, which are sometimes substantial. Eg, this one has an 8% difference:
https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/62827M607
I did some web searches and have not found an explanation that makes sense. Apparently the gross expense ratio refers to all the fees deducted from the assets of the fund (which can exclude 12b and other fees). However, sometimes there are fee waivers which makes it less costly and the net expense ratio reflects this. So the question is, for me in a tax-advantaged retirement account, do I receive these fee waivers and should I just be looking at the net expense ratio?
Thanks!
https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/62827M607
I did some web searches and have not found an explanation that makes sense. Apparently the gross expense ratio refers to all the fees deducted from the assets of the fund (which can exclude 12b and other fees). However, sometimes there are fee waivers which makes it less costly and the net expense ratio reflects this. So the question is, for me in a tax-advantaged retirement account, do I receive these fee waivers and should I just be looking at the net expense ratio?
Thanks!