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.
An expense ratio is expressed as a percentage of the fund's total assets, so if a particular mutual fund has $100 million under management and an expense ratio of 1%, the expenses of running the fund cost $1 million in the most recent fiscal year. A mutual fund's expense ratio includes three basic types of expenses: