Total Annual Fund Operating Expenses
All of a fund's annual operating expenses combined, which can include management fees, distribution and/or service fees (called 12b-1 fees), and other expenses. You'll find this total in the fund's prospectus fee table, expressed as a percentage of the fund's average net assets (called the expense ratio).
Concept at a glance
Definition and explanation
All of a fund's annual operating expenses combined, which can include management fees, distribution and/or service fees (called 12b-1 fees), and other expenses. You'll find this total in the fund's prospectus fee table, expressed as a percentage of the fund's average net assets (called the expense ratio). [1]
Source-supported connections
Frequently asked questions
What does Total Annual Fund Operating Expenses mean in the cited reference?
All of a fund's annual operating expenses combined, which can include management fees, distribution and/or service fees (called 12b-1 fees), and other expenses. You'll find this total in the fund's prospectus fee table, expressed as a percentage of the fund's average net assets (called the expense ratio). [1]
Total Annual Fund Operating Expenses connection map
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Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.