I just need a quick double check on something, please.
I am helping my father in law with consolidating his two 403b's and one 457 into a simpler plan, likely with VG. One of his 403b's is administered by Nationwide and I want to make sure I am reading this correctly:
American Funds Growth Fund American R5 (RGAFX)
Gross Expense Ratio: .39% (not bad)
Net Asset Fee: 1.19 %
YTD performance (as of 12/31/2012): 19.32 %
1)Am I correct in essentially combining both the Gross Expense Ration and the Net asset fee (total of 1.58%) and then subtracting that from the YTD performance to get the true performance % (17.74%)?
2)True or False: The Gross expense ratio is charged by American funds to administer that particular fund ?
3) The Net Asset Fee is charged by Nationwide for their administering that fund as part of the 403b plan?