May 6, 2016
The mutual fund statements and on-line accounts should include the dollar costs that they deduct on a monthly basis. This way, as an investor, I can clearly see my personal costs of investing in the mutual fund. This is similar to how my bank or credit card shows the fees that are taken from the account. By hiding the dollar cost behind "expense ratio" the investor is not made fully conscious of the cost of investment. This would push the mutual fund industry to be more transparent about how much of the investment gains are drained by the fund fees and lower the fees in general.