Charges fees far lower (.75-1.20%) than mutual funds, 401(k) and IRA (3-4%).I misspoke. The simple average expense ratio of equity funds (which measures the average expense ratio of all eqity funds offered in the market) was 143 basis points in 2011. The average expense ratio that equity fund shareholders actually paid (the asset-weighted average expense ratio across all equity funds) was considerably lower; just 79 basis points.http://icifactbook.org/fb_ch5.html#mutual
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