Acquired Fund Fees and Expenses (AFFE)

{
  "id": "MLC-T-FIN-000016",
  "term": "Acquired Fund Fees and Expenses (AFFE)",
  "field": "Finance and investing",
  "definition": "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.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/acquired-fund-fees-and-expenses-affe/"
}