Acquired Fund Fees and Expenses (AFFE): Definition and Overview Acquired Fund Fees and Expenses (AFFE) are detailed in a fund's prospectus, outlining the operating expenses of underlying funds within a fund of funds Learn how they impact investment costs
Acquired Fund Fees and Expenses (AFFE) - Investor. gov If your fund invests in the shares of another fund, these underlying fees and expenses are required to be listed in your fund’s prospectus fee table They are called Acquired Fund Fees and Expenses, sometimes abbreviated as AFFE Learn more
What Are Acquired Fund Fees and Expenses (AFFE)? Acquired Fund Fees and Expenses (AFFE) represent the indirect costs incurred when a primary investment vehicle holds shares of other underlying funds These costs are not part of the top-level fund’s direct operating expense ratio, but they are nonetheless borne by the end investor
Staff Responses to Questions Regarding Disclosure of Fund of Funds . . . Must their expenses be included in an acquiring fund’s fee table? A: No AFFE is intended to include the expenses of investments in investment companies, hedge funds, private equity funds, and other entities traditionally considered pooled investment vehicles
Acquired fund fees and expenses - Bogleheads The SEC directs mutual fund companies to report the expense ratios of investment companies that are part of a fund's portfolio as " Acquired fund fees and expenses (AFFE)
Acquired Fund Fees and Expenses – Explained Acquired Fund fees and Expenses (AFFE) is a financial term that describes the operating expenses incurred by an underlying fund of a Fund of Fund (FoF) AFEE outline fees and expenses attributable to underlying funds in FoF
BIZD: Acquired Fund Fees and Expenses Explained - VanEck Are AFFE reflected in a Fund’s financial statements? No Because acquired fund fees and expenses are not borne directly by the Fund, they will not be reflected in the expense information in the Fund’s financial statements or the Fund’s financial highlights included in the Fund’s reports to shareholders
Q A: ACQUIRED FUND FEES AND EXPENSES (AFFE) AFFE from FPCC is calculated based on the most recently filed shareholder report (form 10-K or 10-Q) FPCC's interest expense included in these reports will fluctuate due to changes in interest rates, which may result in changes to an investing fund's AFFE