"Wall Street's dirty bond fund secret": expense ratios are not what they seem. The average...

|By:, SA News Editor

"Wall Street's dirty bond fund secret": expense ratios are not what they seem. The average expense ratio of a short-term bond fund, according to Lipper, is 0.74% of the amount you’ve invested in the fund. That might look OK, but when the average total return is 2.21%, your expense ratio relative to returns is more like 34%.