In the table where every prospectus details fees and expenses, the full or contractual figure will be presented first and foremost in regular-size type. Any discounted figure will go in a footnote. He notes that every fund needn't comply immediately and that investors will see the new prospectuses emerge on a rolling basis over the next 18 months or so. Once the reform is fully in effect, it figures to change where investors put their money to work. It may even encourage fund companies to operate more efficiently.
Most investors tend to shop for money-market funds simply by comparing yields.
The first two ways make a fund riskier. So, credit quality and average maturity being equal, the most efficient funds in the future figure to be those that have the highest yields on display in prospectus fee tables. To help you compare money-market funds, I asked IBC to compile two tables. As you'll see below, there's a good bit of difference, and if you don't want to worry about whether or when a high teaser rate will disappear, you'll do well to pick from the second list. Take a look at the accompanying tables .