RT Journal Article SR Electronic T1 Mutual Funds and the New Total Expense Ratio JF The Journal of Investing FD Institutional Investor Journals SP 22 OP 26 DO 10.3905/joi.2010.19.2.022 VO 19 IS 2 A1 John A. Haslem YR 2010 UL https://pm-research.com/content/19/2/22.abstract AB This article presents the construct of a New Total Expense Ratio built upon the concept of normative transparency of disclosure that presents the reality of adviser/distributor payments to brokers “behind the mutual fund curtain.” These payments are paid indirectly by fund shareholders by way of fund fee payments. Approval of the New Total Expense Ratio should foster significant prohibitions and changes in the types of huge payments made by mutual fund advisers from fund assets to brokers based on or derived from sales of adviser fund shares.TOPICS: Mutual fund performance, manager selection, risk management