Acquired Fund Fees and Expenses (AFFE)
If a fund invests in the shares of another fund, it must pay the fees and expenses of the underlying fund like any other investor. If your fund invests in the shares of another fund, these underlying fees and expenses are required to be listed in your fund’s prospectus fee table. They are called Acquired Fund Fees and Expenses, sometimes abbreviated as AFFE.
Concept at a glance
Definition and explanation
If a fund invests in the shares of another fund, it must pay the fees and expenses of the underlying fund like any other investor. If your fund invests in the shares of another fund, these underlying fees and expenses are required to be listed in your fund’s prospectus fee table. They are called Acquired Fund Fees and Expenses, sometimes abbreviated as AFFE. [1]
Source-supported connections
Frequently asked questions
What does Acquired Fund Fees and Expenses (AFFE) mean in the cited reference?
If a fund invests in the shares of another fund, it must pay the fees and expenses of the underlying fund like any other investor. If your fund invests in the shares of another fund, these underlying fees and expenses are required to be listed in your fund’s prospectus fee table. They are called Acquired Fund Fees and Expenses, sometimes abbreviated as AFFE. [1]
Acquired Fund Fees and Expenses (AFFE) connection map
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Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
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.