Gee if that was truly a fair representation of the facts you would wonder what all the commotion from the investment industry was about.  Surely they would hold up the documents and point to where it clearly spells out the actual cost to the investor. 

Or even better your adviser or mutual fund sales person could clearly illustrate the annual fee based on say a $10,000 investment prior to selling every investor a fund.  Including the portion of the fee that goes to the adviser or salesperson.


I mean it isn't as if the industry has a poor track record when it comes to deceptive advertising and promotion of mutual funds.