Chart 3
Most Banking Organization-Sponsored Money Market Mutual Funds Have Expense Ratios Under 50 Basis Points
Expense Ratio Number of Funds Amount of Funds ($ Billions)
Under .25% 46 $ 204
.25% to .49% 185 $ 270
.50% to .74% 204 $ 134
.75% to .99% 155 $ 91
1% and Over 114 $ 32

Monthly average net yield and balances for banking organization-sponsored funds as of March 2004. The March monthly average expense ratio for banking organization-sponsored funds is 0.68% and 0.76% for non-bank sponsored funds.

Source: iMoneyNet, Inc.