There are set-up costs that make per-unit expense lower for large production runs than for short runs.
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In all cases the actual expense is lower. (By the way that is total income tax expense all in federal, state and foreign).
The year-over-year improvement was led by higher sales, lower associate incentive expense and a lower effective tax rate.
The New World removed Malthusian constraints, which, until then, had meant that higher population growth could be achieved only at the expense of lower living standards.
"Most U.S. investors have no comprehension of worldwide demand for tobacco, " says Ahrens, who smokes only the occasional cigar, and thinks that U.S. tobacco brands will be able to gain market share overseas at the expense of lower-quality local brands.
They often include extra loads, wrap fees, 12b-1 fees, and often consist of high expense actively-managed mutual funds or even annuities versus lower expense equivalent fund options.
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The Schwab no-load has a slightly lower expense ratio (35 basis points) and a higher turnover (27%).
And while both companies' gross margins are about 28%, Borders' expense ratio is lower.
Overall, Ghodsi foresees ETFs with trading volume and lower expense ratios thriving amid the sea of funds.
Investors should also consider the iShares Gold Trust ( IAU) which has a slightly lower expense ratio than GLD.
This ETF has a significantly lower expense ratio at 0.21% versus the 0.5%.
While the lower expense ratios on the ETFs make them look cheaper, the additional fees mean that clients actually are worse off.
Traditional mutual funds tend to be actively managed, while ETFs adhere to a passive index-tracking strategy, and therefore have lower expense ratios.
How is mandating a price break on health insurance for this far higher income group at the expense of the lower income group possibly fair?
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He switched to ETFs in 2006 because these index-tracking products have lower expense ratios than the traditional mutual funds that try unsuccessfully to beat the market.
If you wanted to build a diversified portfolio, the ETFs listed above are not a bad place to start, though there may be alternatives with lower expense ratios or more attractive holdings.
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The average exchange traded fund (ETF) does have a lower expense ratio than the average traditional mutual fund, but not less than most low-cost index funds that have been available for decades.
While the Vanguard fund does have a lower expense ratio than the BRIC ETF, investors need to watch out for the sales load if they decide to hold for shorter periods of time.
But even comparing costs can get complicated: A commission-free ETF may cost more, over time, than a similar fund that requires paying a commission but has a lower expense ratio, notes Joel Dickson, senior investment strategist at Vanguard Group.
For the period ended Dec. 30, Wendy's Co. said its net income rose sharply because of a larger tax benefit and lower interest expense.
This shift is expected to continue and will result in lower vehicle lease expense costs which will thus improve EBITDA margins.
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So the income the fund would be entitled to from securities lending is foregone in exchange for a lower custody fee expense.
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There is an increasingly narrow constituency for protecting the wealthiest taxpayers at the expense of tax reforms and lower tax rates for average earners.
The below factors that could contribute towards lower non-interest expense for Wells Fargo.
The expense ratio for this ETF is lower than for CYB, at 0.35%.
It was driven largely by leverage on higher revenues, lower repair and maintenance expense, reduced credit card fees and utility costs.
Wal-Mart's fiscal fourth-quarter earnings rose 8.6% helped by a lower tax rate and expense controls, but it forecast flat U.S. same-store sales this quarter.
The reasoning is that new assets obtained as a result of marketing would lower the overall operating expense as a percentage of a fund and that this savings would be passed on to all shareholders.
One way to offset the new expense is to negotiate with vendors for lower-cost ingredients and packaging, such as pizza boxes.
As the bank incurs an interest expense on its deposit base, more deposits mean lower net interest margins.
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