These are the detailed fees and expenses listed in the NSAR reports that make up the expense ratio.
Accounting Fee: Represents pricing service, financial agent, or security servicing fees as represented in the fund's annual report. This figure is reported in U.S. Dollars.
Administrator Fee: Represents administrative service fees which usually include occupancy costs and other office expenditures. This figure is reported in U.S. Dollars.
Advisor Fee: Represents the dollar amount charged by manager(s) as represented in the fund's annual report. This figure is reported in U.S. Dollars.
Auditor Fee: Cost of acquiring outside auditors to examine fund's financial statements. This number is taken from the fund's annual report and reported in U.S. Dollars.
Board of Directors Fee: Represents the compensation to the board of directors.
Custodian Fee: Funds are required to hold their securities in the custody of a qualified bank. This fee represents the cost of that bank's service and is culled from the fund's annual report. This figure is in U.S. Dollars.
Distribution Fee: Similar to a transfer agent fee. A distributor is responsible for distribution of the shares, marketing of the fund, and shareholder service. Total 12b-1 fees are capped at 1.00% of the average daily net assets. A typical fee may consist of .75% for marketing/distribution and .25% for service. This number is taken from the fund's annual report and reported in U.S. Dollars.
Gross Income: Income generated from dividends and/or interest in U.S. Dollars. This number is culled from the fund's annual report.
Insurance Fee: Usually only seen on insured municipal bond funds. Represents the cost of purchasing insurance to protect assets in a market downturn. This can also represent insurance purchased for facilities or materials. Pull information from the fund's annual report and it is reported in U.S. Dollars.
Interest: Represents dividend expense on securities sold short or loan commitment fees as represented in the annual report. This figure is reported in U.S. Dollars.
Legal Fee: Represents fund's attorney fees as depicted in the annual report. This figure is reported in U.S. dollars.
Organization Fee: Represents start-up costs of the fund and is reported in the fund's annual report. This figure is usually amortized over a period of years and is reported in U.S. Dollars.
Other Fee: Represents any other miscellaneous fee a fund may incur as represented in the fund's annual report. This figure is reported in U.S. Dollars.
Professional Fee: Some funds use this term to represent "legal" or "audit" or a variety of other professional fees in their annual report. This figure is reported in U.S. Dollars.
Registration Fee: Filing fees incurred with registering with the SEC or other governing bodies. Fees may include Blue Sky fees or other regulatory expenses as reported in the fund's annual report. This figure is reported in U.S. Dollars.
Shareholder Reporting Fee: Represents costs for shareholder communications, postage and printing costs as depicted in the fund's annual report. The figure is reported in U.S. Dollars.
Subadvisor Fee: Incurred when the advisor outsources some type of management duties. This most often occurs on international funds. Figure is reported in U.S. Dollars and culled from the fund's annual report.
Tax: Often international funds incur taxes on their transactions and organization. Rarely, if ever, seen on a domestic fund. Figure is pulled from annual report and reported in U.S. Dollars.
Transfer Agency Fee: Represents a shareholder servicing agent that maintains shareholder records, prepares shareholder reports and maintains the customer service department. Often seen when no 12b-1 fee is in place. This figure is pulled from the fund's annual report and depicted in U.S. Dollars.