Share your insights or perspective on the financial matter presented in the input.

What are these fees attached to mutual fund FSEMX?
FSEMX has an annual expense ratio of 0.1% which is very low. What that means is that each month, the FSEMX will pay itself one-twelfth of 0.1% of  the total value of all the shares owned by the shareholders in the mutual fund.  If the fund has cash on hand from its trading activities or dividends collected from companies  whose stock is owned by FSEMX or interest on bonds owned by FSEMX, the  money comes out of that, but if there is no such pot (or the pot is not large enough), then the fund manager has the authority to sell some shares of the stocks held by FSEMX so that the employees can be paid, etc. If the total of cash generated by the trading and the dividend collection in a given year is (say) 3% of the share value of all the outstanding mutual fund,  then only 2.9% will be paid out as dividend and capital gain distribution  income to the share holders, the remaining 0.1% already having been paid to FSEMX management for operating expenses.   It is important to keep in mind that expenses are always paid even if there are no profits, or even if there are losses that year so that no dividends or capital gains distributions are made.  You don't see the expenses explicitly on any statement that you receive.  If FSEMX sells shares of stocks that it holds to pay the expenses, this reduces  the share value (NAV) of the mutual fund shares that you hold.  So, if your mutual fund account "lost" 20% in value that year because the market was falling, and you got no dividend or capital gains distributions either, remember that only 19.9% of that loss can be blamed on the President or Congress or Wall Street or public-sector unions or your neighbor's refusal to ditch his old PC in favor of a new Mac, and the rest (0.1%) has gone to FSEMX to pay for fees you agreed to when you bought FSEMX shares. If you invest directly in FSEMX through Fidelity's web site, there is no sales charge, and you pay no expenses other than the 0.1% annual expense ratio.  There is a fee for selling FSEMX shares after owning them only for a short time since  the fund wants to discourage short-term investors. Whatever other fees finance.yahoo.com lists might be descriptive of the uses that FSEMX puts its expense ratio income to in its internal management, but are not of any importance to the prudent investor in FSEMX who will never encounter them or have to pay them.