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Mutual Fund Fee Debate

How much money should you pay your mutual fund's investment adviser? That's the question before the Supreme Court right now. As NBR's Darren Gersh explains in tonight's program, three investors charge Harris' Oakmark Funds with imposing unfair fees. You can learn more about mutual funds here.

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• Jones v Harris and Your Mutual Fund Fees

Related NBR Stories & Links

• 08-04-09: "Of Mutual Interest" - Bill Nygren - The Oakmark Select Fund (VIDEO)
• 04-21-09: "Of Mutual Interest"-Penelope Wang, Senior Writer at "Money" Magazine
• 03-11-09: "Money File"- Mutual Fund Financial Aid

External Links/Articles*

• Harris Associates
  Harris Assoicates is an investment management and advisory firm. It is the defendent in the mutual fund fees case being considered by the U.S. Supreme Court.
• Investment Company Act of 1940
  The Investment Company Act of 1940 sets rules for investment advisory firms. The plantiffs in the Jones v. Harris Associates case are charging that the fees charged by Oakmark Funds violate provisions of the Investment Company Act. This links to a copy of the act made available by the University of Cincinnati College of Law.
• The Oakmark Funds
  The Oakmark Funds, which are managed by Harris Associates, are at the heart of the Jones v. Harris Associates Supreme Court case.
• Securities and Exchange Commission (SEC)
  The SEC regulates equity Markets in the U.S. This links to an informational page on the SEC website titled, "Calculating Mutual Fund Fees and Expenses."
• U.S. Supreme Court (PDF)
  This links to the transcript of the oral arguments presented before the U.S. Supreme Court in the case of Jones v. Harris Associates on November 2, 2009.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.