The following information is available on the ICI website .
What is interesting to review is that stock fund expenses have been going down since 2002. What is not readily discerned is to what degree the entrance of index funds with extremely low fees and large asset bases has affected these costs.
Charles Carroll Financial Partners provides a living financial plan and professionally managed assets for individual investors in line with the expenses of stock mutual funds shown below.
Figure 5.1
Fees and Expenses Incurred by Stock and Bond Mutual Fund Investors Have Declined Since 1980
(percent, selected years)
| Figure 5.1 | ||||
| Fees and Expenses Incurred by Stock and Bond Mutual Fund Investors Have Declined Since 1980 | ||||
| (percent, selected years) | ||||
|
|
Stock Funds1 |
Bond Funds1 |
||
|
1980 |
2.32 |
2.05 |
||
|
1990 |
1.98 |
1.89 |
||
|
2000 |
1.28 |
1.03 |
||
|
2001 |
1.24 |
0.97 |
||
|
2002 |
1.25 |
0.94 |
||
|
2003 |
1.22 |
0.95 |
||
|
2004 |
1.18 |
0.92 |
||
|
2005 |
1.10 |
0.87 |
||
|
2006 |
1.06 |
0.82 |
||
|
20072 |
1.02 |
0.79 |
||
| 1asset-weighted average of annual expense ratios and annualized loads for individual funds | ||||
| 2 Data are preliminary. | ||||
| Sources: Investment Company Institute; Lipper; ValueLine Publishing, Inc.; CDA/Wiesenberger Investment Companies Service; © CRSP University of Chicago, used with permission, all rights reserved (312.263.6400/www.crsp.com); and Strategic Insight Simfund | ||||
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