The problem is not so much the funds as it is the advisors who put their pocket ahead of their clients, and the banks who introduced trailers above 1%. The real problem now is scrap the trailers and let the industry charge more than what they received in trailers initially. Look at the fee charts from institutions, most of them you won't pay less than 1.5%, and if you can't afford it out of your bank account then get prepared to have it redeemed from your highest valued investment. No gains here for investors, just increased costs. More than they are paying now.