The various fees that funds charge add up to, on average, 1.35 percent of assets.

As the name implies, this means that the fund does not charge any type of sales load.

Sometimes we add the fact that these funds charge unusually high fees.

The fund charged a management fee of 50 basis points.

Despite the fact that most mutual funds actually charged less than 1.1%.

That one fund charged shareholders $375 million in expenses last year.

But hedge funds charge high fees because they are expected to do well in bear markets.

The fund is charging 11.5 percent on the $2 million loan, payable over four years.

And only 8 percent say they completely understand the expenses that their funds charge, he said.

In return for allowing such trades, these funds often charge much higher management fees.