Help keep your costs low by understanding mutual fund expenses.
Mutual funds report their operating costs, including management, administrative, and advertising fees, as a percentage of the fund’s total assets. This percentage is called an expense ratio.
- The gross expense ratio is the cost before any applicable discounts or fee waivers.
- The net expense ratio is the cost you pay after all discounts and waivers are applied.
Keeping investment costs low is a cornerstone of Member Benefits’ programs. As a Trust participant, you benefit from the power of group purchasing through access to mutual fund share class discounts that may not be available to you as a retail investor.
If you have a 403(b) and/or IRA with us, visit our investment fund comparisons page to review your expenses.