A private foundation has asked if compensation paid to its two individual trustees for personal services rendered on its behalf would constitute a prohibited act of self-dealing. The foundation makes direct grants to public charities, private operating foundations and other qualifying 501(c)(3) organizations.ul. 200135047, the Service has ruled that compensation for personal services rendered by individual trustees on behalf of a private nonoperating foundation, based on a percentage of assets under management, will not be a prohibited act of self-dealing if such compensation is not excessive.. Published in Sep 2001.
Definition of 'Expense Ratio'. Definition: Expense ratio is the fee charged by the investment company to manage the funds of investors. Description: All the investment companies incur cost for operating mutual funds and they charge a percentage of asset funds to cover the expenses.
DEFINITION of 'Gross Expense Ratio-GER'. The total percentage of a mutual fund's assets that are devoted to running the fund. The gross expense ratio (GER) is exclusive of any waiver of fees or expense reimbursements.Likewise, it does not include outside expenses, like brokerage costs for trading the portfolio.EFINITION of 'Gross Expense Ratio-GER'. The total percentage of a mutual fund's assets that are devoted to running the fund. The gross expense ratio (GER) is exclusive of any waiver of fees or expense reimbursements.