In criminal law, motive is distinct from intent. Criminal intent refers to the mental state of mind possessed by a defendant in committing a crime. With few exceptions the prosecution in a criminal case must prove that the defendant intended to commit the illegal act.
See the difference low-cost funds can make. The less you pay for your funds, the more you keep in your pocketâit's that simple. The average Vanguard mutual fund and ETF (exchange-traded fund) expense ratio is 82% less than the industry average.*. You don't get a bill explaining how much of your savings went toward paying fund expenses, because those costs are paid directly out of each fund's returns.
Funds roll management fees, administrative costs, and marketing expenses into one package, which is expressed as the expense ratioâand that's the fee you pay annually as a shareholder. When comparing expense ratios, it helps to know what the typical fees are in a given asset class. The median annual fee for a no-load, large-cap fund is 0.95 percent, while the median for small-cap funds is 1.20 percent and for international stock funds, 1.23 percent, according to Morningstar.