U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

About Mutual Fund Costs

Higher expenses do not assure superior performance. A high cost fund will have to perform better to provide you with the same return as a low cost fund.

All mutual funds have costs. These include: (1) fees you pay for specified transactions, such as when you buy, sell, or exchange your shares; and (2) ongoing expenses. Slightly larger fees can make a big difference in the value of your investment over time.