Investors continue to benefit from intense competition in the financial services industry. In the investment company industry, this vibrant competition has produced substantially lower costs along with an array of innovative investment products and services that make saving and investing simpler, more accessible, and more affordable.
The Institute evaluates fee trends using a comprehensive measure called total shareholder cost. Total shareholder cost accounts for all major fees, expenses and sales charges and is based upon the same considerations underlying the fee information required by the U.S. Securities and Exchange Commission in every mutual fund prospectus.
