Stock Fund Fees Edge up 2 BPS to 0.86%

The average expense ratio of stock funds rose slightly in 2009, by two basis points to 86 BPS, but total fees and expenses, including load fees paid by investors, remained largely unchanged on an asset-weighted basis, the Investment Company Institute said. Rising expense ratios of stock funds, attributable in significant part to the effects of the stock market downturn, were offset by a decline in sales loads. Last year, sales loads averaged 5.3%; however, investors actually paid only 1%, thanks to discounts and fee waivers.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.