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Rating:Expense Ratio and Load Changes Netted to a Wash in 2009 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 14, 2010

Expense Ratio and Load Changes Netted to a Wash in 2009

News summary by MFWire's editors

Mutual fund expense ratios rose last year, but falling sales charges cancelled out the change. According to a new report from the ICI, stock fund shareholders paid a total of 99 basis points total on average in 2009 and bond fund shareholders paid 75 bps. Of that, the average expense ratio ratio rose two bps, to 86 bps for stock funds and 65 bps for bond funds. Meanwhile, the average sale load dropped to only 100 bps.

The ICI also found that money market funds and funds of funds got cheaper in 2009; average total expenses for money funds fell four bps to 34 bps and the average expense ratio for funds of funds fell one basis point to 91 bps.

Dow Jones' John Kell covered the report. 

Edited by: Neil Anderson, Managing Editor


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