Quote:
Originally Posted by jIM_Ohio
I believe the .76% is the average expenses based on fund holdings, not a wrapeer of each fund.
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That's basically what it is...an average expense of the underlying funds. The underlying funds presumably save money with a "fund of funds" since instead of having all individual accounts holding those funds (incurring more cost), they're all bought instead under the "fund of funds". Does that make sense? In other words, the expenses are basically offset and there are no extra fees associated with the "fund of funds". At least that's the way it is with T Rowe.