TY - JOUR T1 - Mutual Funds and the <em>New</em> Total Expense Ratio JF - The Journal of Investing SP - 22 LP - 26 DO - 10.3905/joi.2010.19.2.022 VL - 19 IS - 2 AU - John A. Haslem Y1 - 2010/05/31 UR - https://pm-research.com/content/19/2/22.abstract N2 - This article presents the construct of a New Total Expense Ratio built upon the concept of normative transparency of disclosure that presents the reality of adviser/distributor payments to brokers “behind the mutual fund curtain.” These payments are paid indirectly by fund shareholders by way of fund fee payments. Approval of the New Total Expense Ratio should foster significant prohibitions and changes in the types of huge payments made by mutual fund advisers from fund assets to brokers based on or derived from sales of adviser fund shares.TOPICS: Mutual fund performance, manager selection, risk management ER -