Mutual Funds—Investment Companies

All mutual funds, both open-ended and closed-ended, charge management fees. The typical management fee for a fund that buys American stocks is between 1.3% and 1.5% of the assets in the fund (NAV on a per share basis). Funds that invest in foreign stocks charge more on average, since it costs more for a fund to research and purchase foreign stocks. Bond funds have generally have lower ... ................
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