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Subject:  MF expenses Date:  12/23/2012  3:51 PM
Author:  mawhinney Number:  24975 of 26351

When a percentage gain or loss for a mutual fund is quoted, does that quote figure in the expenses of the fund. If Vang. Health Care Fund quotes a 15% gain, does that quote include the expenses of running the fund or do the expenses need to be deducted from the 15%?
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