May 5, 2016
Regarding transparency of fees/costs for mutual funds:
I think that monthly and annual statements should clearly provide fees and costs in a clear, concise dollar and sense format. In retirement I now understand how the percentage figures work because it is critical to my finances. Prior to retirement I didn't fully comprehend the impact of those fees stated as a percentage of the total amount of my investment. I now realize that I spent a fair amount of my capital on overly expensive fund investments.
I know that those percentage figures are disclosed in annual reports and prospectuses but they would be more, relevant and fair to the investor if they were on monthly statements.