A reported item in the prospectus of a FoF (Fund of Fund), a portfolio of other investment funds, intended to increase transparency for investors. The AFFE line reports the operating expenses of the mutual funds within the FoF portfolio. Prior to the federal requirement of the AFFE, these funds claimed no operating expenses, failing to disclose the expenses of the multiple managers within the collected funds.
Related information about Acquired Fund Fees And Expenses (AFFE):
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Acquired Fund Fees And Expenses - AFFE A line item in a fund-of-funds' prospectus that shows the operating expenses of the underlying funds.
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Definition of Acquired Fund Fees And Expenses (AFFE): A reported item in the prospectus of a FoF (Fund of Fund), a portfolio of other investment funds, ...
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May 23, 2007... “Acquired Fund Fees and Expenses” (“AFFE”). These responses represent the views of the staff of the Division of Investment Management.
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Nov 28, 2011 ... include the 0.01% attributed to acquired fund fees and expenses (“AFFE”). (2) O' Shaughnessy Asset Management, LLC (the “Adviser”) has ...
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Mar 28, 2012 ... “Other Expenses” includes Acquired Fund Fees and Expenses (“AFFE”), which are indirect fees and expenses that funds incur from investing in ...