{"id":1394,"date":"2012-07-19T16:05:00","date_gmt":"2012-07-20T00:05:00","guid":{"rendered":"http:\/\/smartandresponsible.com\/blog\/?p=1394"},"modified":"2012-06-27T09:53:45","modified_gmt":"2012-06-27T17:53:45","slug":"mutual-fund-fee4","status":"publish","type":"post","link":"https:\/\/smartandresponsible.com\/blog\/mutual-fund-fee4\/","title":{"rendered":"\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u306e\u624b\u6570\u6599\u306b\u304a\u6c17\u3092\u3064\u3051\u3092\uff01(4)\uff0dTrading Costs"},"content":{"rendered":"<p>\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u3067\u3088\u304f\u4f7f\u308f\u308c\u308b\u30df\u30e5\u30fc\u30c1\u30e5\u30a2\u30eb\u30fb\u30d5\u30a1\u30f3\u30c9\u306b\u307e\u3064\u308f\u308b\u624b\u6570\u6599\u306b\u3064\u3044\u3066\u51684\u56de\u3067\u304a\u5c4a\u3051\u3057\u3066\u304d\u307e\u3057\u305f\u3001\u4eca\u56de\u306f\u6700\u7d42\u56de\u3067\u3059\u3002\u30df\u30e5\u30fc\u30c1\u30e5\u30a2\u30eb\u30fb\u30d5\u30a1\u30f3\u30c9\u306e\u5404\u7a2e\u3042\u308b\u624b\u6570\u6599\u306e\u4e2d\u3067\u3082\u3001\u6700\u3082\u8a8d\u77e5\u5ea6\u304c\u9ad8\u3044\u306e\u306fExpense Ratio\uff0812b-1\u3000Fee\u3084Management Fee)\u3067\u3057\u3087\u3046\u3002Sales Load\u3084Purchase Fee\u306a\u3069\u306e\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528\u3082\u8abf\u3079\u308b\u6c17\u306b\u306a\u308c\u3070\u3001Prospectus\uff08\u6295\u8cc7\u306e\u8aac\u660e\u66f8\uff09\u3084Annual Report\uff08\u6c7a\u7b97\u66f8\uff09\u306a\u3069\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u306e\u4e00\u65b9\u3067\u3001\u306a\u304b\u306a\u304b\u76ee\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u300c\u96a0\u308c\u305f\u300d\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u3092\u6307\u6458\u3059\u308b\u5c02\u9580\u5bb6\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>\u300c\u96a0\u308c\u305f\u300d\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528<\/h2>\n<p>\u3088\u304f\u76ee\u306b\u898b\u3048\u306a\u3044\u300c\u96a0\u308c\u305f\u300d\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528\u3068\u306f\u3001Trading Costs\uff08Transaction Costs\u3068\u3082\u547c\u3070\u308c\u308b\uff09\u3067\u3059\u3002Trading Costs\u3068\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u306e\u6295\u8cc7\u5a92\u4f53\u3092\u58f2\u3063\u305f\u308a\u8cb7\u3063\u305f\u308a\u3059\u308b\u3053\u3068\u3067\u767a\u751f\u3059\u308b\u58f2\u8cb7\u8cbb\u7528\u3067\u3059\uff08\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u30d5\u30a1\u30f3\u30c9\u3092\u58f2\u3063\u305f\u308a\u8cb7\u3063\u305f\u308a\u3059\u308b\u3053\u3068\u3067\u767a\u751f\u3059\u308bPurchase\/Redemption\/Exchange Fee\u3068\u6df7\u540c\u3055\u308c\u307e\u305b\u3093\u3088\u3046\u306b\uff09\u3002Trading Costs\u306fExpense Ratio\u306e\u4e2d\u306b\u306f\u542b\u307e\u308c\u305a\u3001\u307e\u305f\u30ec\u30dd\u30fc\u30c8\u3059\u308b\u3053\u3068\u304c\u6cd5\u5f8b\u3067\u8981\u6c42\u3055\u308c\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u307b\u3068\u3093\u3069\u30ec\u30dd\u30fc\u30c8\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u306eTrading Costs\u3092\u8003\u616e\u306b\u3044\u308b\u3068\u3001Expense Ratio\u306e2\u500d\u30823\u500d\u3082\u30b3\u30b9\u30c8\u9ad8\u306b\u306a\u308b\u30d5\u30a1\u30f3\u30c9\u3082\u5b58\u5728\u3059\u308b\u3060\u308d\u3046\u3068<a target=\"_blank\" href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703382904575059690954870722.html\" >Wall Street Journal<\/a>\u306f\u6307\u6458\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/mutual-fund-fee-4.png?ssl=1\" ><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-1395\" title=\"mutual fund fee (4)\" src=\"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/mutual-fund-fee-4.png?resize=500%2C371&#038;ssl=1\" alt=\"\" width=\"500\" height=\"371\" \/><\/a> \u3053\u306eTrading Costs\u306f\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u306b\u304a\u3044\u3066\u5927\u304d\u306a\u30a6\u30a8\u30a4\u30c8\u306e\u3042\u308b\u8cbb\u7528\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5e83\u304f\u30ec\u30dd\u30fc\u30c8\u3055\u308c\u3066\u3044\u306a\u3044\u306e\u306f\u3001\u305d\u306e\u8a08\u7b97\u306e\u3057\u304b\u305f\u3084\u5272\u308a\u51fa\u3057\u65b9\u306b\u7d71\u4e00\u3055\u308c\u305f\u898b\u89e3\u304c\u306a\u304f\u3001\u975e\u5e38\u306b\u8907\u96d1\u3060\u304b\u3089\u3067\u3059\u3002SEC\uff08\u30a2\u30e1\u30ea\u30ab\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff09\u3082\u4f55\u5e74\u304b\u306b\u4e00\u56de\u306f\u3001\u30eb\u30fc\u30eb\u3065\u304f\u308a\u3092\u8a66\u307f\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3044\u307e\u3060\u30ec\u30dd\u30fc\u30c8\u306e\u4ed5\u65b9\u3084\u30ec\u30dd\u30fc\u30c6\u30a3\u30f3\u30b0\u306b\u3064\u3044\u3066\u3057\u3063\u304b\u308a\u3057\u305f\u30eb\u30fc\u30eb\u304c\u51fa\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u5e7e\u4eba\u304b\u306e\u5c02\u9580\u5bb6\u304cTrading Costs\u304c\u3044\u3063\u305f\u3044\u3069\u306e\u304f\u3089\u3044\u306a\u306e\u304b\u3064\u3044\u3066\u8abf\u67fb\u3092\u8a66\u307f\u307e\u3057\u305f\u3002\u3042\u308b\u8abf\u67fb\u306b\u3088\u308b\u3068Trading Costs\u306f\u30d5\u30a1\u30f3\u30c9\u306e\u5e74\u9593\u6295\u8cc7\u8cc7\u7523\u306b\u5bfe\u3057\u30660.11%\u304b\u30891.99%\u306e\u9593\u3067\u5e73\u5747\u5024\u306f0.66%\u3067\u3042\u308b\u3068\u3044\u3046\u7d50\u679c\u3067\u3042\u308a\u3001\u307e\u305f\u9055\u3046\u8abf\u67fb\u3067\u306f\u30010.14%\u304b\u30892.96%\u306e\u9593\u3067\u5e73\u5747\u5024\u306f1.44%\u3068\u3044\u3046\u7d50\u679c\u3067\u3057\u305f\u3002<\/p>\n<p>Trading Costs\u306b\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u306e\u6295\u8cc7\u5a92\u4f53\u3092\u58f2\u3063\u305f\u308a\u8cb7\u3063\u305f\u308a\u3059\u308b\u306e\u3067\u767a\u751f\u3059\u308b\u58f2\u8cb7\u30b3\u30df\u30c3\u30b7\u30e7\u30f3\u3084\u3001\u58f2\u5024\u3068\u8cb7\u5024\u306e\u5dee\u3001\u305d\u306e\u30c8\u30ec\u30fc\u30c9\u306b\u3088\u308b\u5e02\u5834\u4fa1\u683c\u3078\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u306a\u3069\u306b\u3088\u308b\u9593\u63a5\u7684\u306a\u30b3\u30b9\u30c8\u304c\u542b\u307e\u308c\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u306f\u30d5\u30a1\u30f3\u30c9\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u58f2\u308a\u8cb7\u3044\u3092\u3059\u308c\u3070\u3059\u308b\u307b\u3069\u5d69\u3093\u3067\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Turnover Ratio<\/h2>\n<p>\u30eb\u30fc\u30eb\u304c\u306a\u3044\u3046\u3048\u3001\u8a08\u7b97\u4e0a\u306e\u7d71\u4e00\u3057\u305f\u898b\u89e3\u304c\u306a\u3044\u306e\u3067\u3001\u30d5\u30a1\u30f3\u30c9\u306eTrading Costs\u306f\u306f\u3063\u304d\u308a\u3057\u305f\u5f62\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u3067\u3059\u304c\u3001\u3072\u3068\u3064\u306e\u3088\u3044\u4ee3\u66ff\u7b56\u306f\u3001Turnover Ratio\u3092\u898b\u308b\u3053\u3068\u3067\u3059\u3002Turnover\u3068\u306f\u30d5\u30a1\u30f3\u30c9\u306e\u4e2d\u306e\u4f55\u30d1\u30fc\u30bb\u30f3\u30c8\u306e\u6295\u8cc7\u5a92\u4f53\u304c\u58f2\u3089\u308c\u3066\u65b0\u3057\u3044\u5a92\u4f53\u306b\u7f6e\u304d\u63db\u3048\u3089\u308c\u305f\u304b\u306e\u6307\u6a19\u3067\u3059\u3002Turnover\u3000Ratio\u304c50%\u3067\u3042\u308c\u3070\u3001\u305d\u306e\u4e00\u5e74\u306e\u9593\u306b\u534a\u5206\u306e\u6295\u8cc7\u5a92\u4f53\u304c\u58f2\u3089\u308c\u3066\u65b0\u3057\u3044\u3082\u306e\u306b\u7f6e\u304d\u63db\u3048\u3089\u308c\u305f\u3068\u3044\u3046\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u3053\u306eTurnover Ratio\u306fSEC\u306b\u3088\u308a\u30ec\u30dd\u30fc\u30c6\u30a3\u30f3\u30b0\u304c\u7fa9\u52d9\u4ed8\u3051\u3089\u308c\u3066\u3044\u308b\u306e\u3067\u3001Prospectus (\u30d5\u30a1\u30f3\u30c9\u306b\u3064\u3044\u3066\u306e\u8aac\u660e\u66f8\uff09\u306e\u4e2d\u306b\u8f09\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Turnover Ratio\u304c\u9ad8\u3051\u308c\u3070\u9ad8\u3044\u307b\u3069\u3001\u30d5\u30a1\u30f3\u30c9\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u58f2\u308a\u8cb7\u3044\u3092\u305f\u304f\u3055\u3093\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304b\u3089\u3001Trading Costs\u3082\u6bd4\u4f8b\u3057\u3066\u9ad8\u304f\u306a\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002Turnover Ratio\u3092\u30c1\u30a7\u30c3\u30af\u3057\u3066\u3001Turnover\u304c\u3042\u307e\u308a\u306b\u9ad8\u3051\u308c\u3070\u3001\u7121\u99c4\u306aTrading Costs\u304c\u304b\u304b\u3063\u3066\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u683c\u4ed8\u3051\u4f1a\u793eMorningstar\u306b\u3088\u308b\u3068\u3001200\u306eUS\u682a\u30d5\u30a1\u30f3\u30c9\u3092\u8abf\u3079\u305f\u3068\u3053\u308d\u3001\u6700\u3082\u9ad8\u3044Turnover Ratio\u306f504%\u3067CGM Focus\u30d5\u30a1\u30f3\u30c9\u3001\u3064\u3044\u3067296%\u306eAmerican Century Equity Income\u30d5\u30a1\u30f3\u30c9\u3060\u3063\u305f\u305d\u3046\u3067\u3059\u3002504%\u306eTurnover\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u4e2d\u306e\u3059\u3079\u3066\u682a\u304c\u4e00\u5e74\u306e\u3046\u3061\u306b5\u56de\u58f2\u3089\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304b\u3089\u3001\u3072\u3068\u3064\u306e\u682a\u3092\u6301\u3063\u3066\u3044\u308b\u671f\u9593\u306f\u5e73\u57472\u3000\u30f5\u6708\u534a\u3002\u3064\u307e\u308a\u975e\u5e38\u306b\u77ed\u671f\u6295\u8cc7\u3067\u3042\u308a\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30bf\u30a4\u30df\u30f3\u30b0\uff08\u5b89\u3044\u3068\u304d\u306b\u8cb7\u3063\u3066\u9ad8\u3044\u3068\u304d\u306b\u58f2\u308a\u5229\u30b6\u30e4\u3092\u7a3c\u3050\uff09\u306b\u57fa\u3065\u3044\u305f\u6295\u6a5f\u7684\u306a\u30d5\u30a1\u30f3\u30c9\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Actively Managed\u3000Fund\u3000\u5bfe\u3000Passively Managed Fund<\/h2>\n<p>\u3053\u306e\u3088\u3046\u306b\u58f2\u308a\u8cb7\u3044\u306e\u6fc0\u3057\u3044\u6295\u6a5f\u7684\u306a\u30d5\u30a1\u30f3\u30c9\uff08\u9ad8\u3044Turnover Ratio)\u3092Actively Managed Fund\u3068\u3088\u3073\u3001\u53cd\u5bfe\u306b\u58f2\u308a\u8cb7\u3044\u306f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u306e\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u3060\u3051\u884c\u3046\u3088\u3046\u306a\u30d5\u30a1\u30f3\u30c9\uff08\u4f4e\u3044Turnover Ratio)\u3092Passively Managed Fund\u3068\u547c\u3073\u307e\u3059\u3002Passively\u3000Managed\u3000Fund\u306e\u4ee3\u8868\u4f8b\u306fIndex Fund\u3067\u3001\u305f\u3068\u3048\u3070S&amp;P Market Index Fund\u3067\u3042\u308c\u3070\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u30ea\u30bf\u30fc\u30f3\u304cS&amp;P Market Index\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u3092\u30d5\u30a9\u30ed\u30fc\u3059\u308b\u3088\u3046\u306b\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u682a\u69cb\u6210\u3092\u3064\u304f\u308a\u7dad\u6301\u3057\u3066\u3044\u304f\u30d5\u30a1\u30f3\u30c9\u3067\u3059\u3002<\/p>\n<p>Actively Managed\u3000Fund\u306f\u77ed\u671f\u7684\u306b\u306f\u3059\u3070\u3089\u3057\u3044\u6295\u8cc7\u6210\u679c\u3092\u3042\u3052\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002Trading Costs\u304c\u9ad8\u304f\u3066\u3082\u3001\u305d\u308c\u306b\u898b\u5408\u3046\u3060\u3051\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u3042\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u308c\u3067\u3044\u3044\u3058\u3083\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u306d\u3002\u305f\u3060\u3001\u554f\u984c\u306f\u305d\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u9577\u671f\u9593\u3001\u5b89\u5b9a\u3057\u3066\u7dad\u6301\u3057\u3066\u3044\u3051\u308b\u3082\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u5c02\u9580\u5bb6\u306e\u4e2d\u3067\u3082\u610f\u898b\u304c\u5206\u304b\u308c\u308b\u3068\u3053\u308d\u3067\u3059\u304c\u3001\u79c1\u500b\u4eba\u7684\u306b\u306f\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3088\u308b\u6295\u6a5f\u7684\u306a\u6295\u8cc7\u306f\u3001\u77ed\u671f\u7684\u306b\u306f\u5927\u3082\u3046\u3051\u306b\u7e4b\u304c\u308b\u3053\u3068\u3082\u3042\u308b\u304c\u3001\u305d\u306e\u4ed6\u306e\u3068\u304d\u306b\u306f\u5927\u640d\u306b\u7e4b\u304c\u308b\u3053\u3068\u3082\u3042\u308a\u3001\u9577\u671f\u7684\u306b\u898b\u305f\u5834\u5408\u306f\u3001\u6c7a\u3057\u3066\u3059\u3050\u308c\u305f\u6295\u8cc7\u65b9\u6cd5\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Actively Managed Fund\u3068Passively Managed Fund\u3068\u3092\u6bd4\u8f03\u3057\u3066\u3001\u3044\u3063\u305f\u3044\u3069\u3061\u3089\u306e\u307b\u3046\u304c\u512a\u308c\u305f\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u3080\u304b\u3092\u63a2\u308b\u30ea\u30b5\u30fc\u30c1\u306f\u3053\u308c\u307e\u3067\u306b\u3082\u6570\u591a\u304f\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u305d\u306e\u307b\u3068\u3093\u3069\u304c\u3001Actively Managed Fund\u304cPassively Managed Fund\u3088\u308a\u3082\u512a\u308c\u305f\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u306a\u3044\u3068\u7d50\u8ad6\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002\u4ee3\u8868\u7684\u306a\u30ea\u30b5\u30fc\u30c1\u7d50\u679c\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><span style=\"text-decoration: underline;\">Vanguard\u793e\u8abf\u3079<\/span><\/p>\n<p>2007\u5e74\u307e\u3067\u306e10\u5e74\u9593\u3001\u4e00\u822c\u7684\u306bActively Managed Fund\u306f\u305d\u306e\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c8\u3067\u3042\u308bIndex Fund(Passively Managed Fund)\u306b\u6bd4\u3079\u3066\u30ea\u30bf\u30fc\u30f3\u304c\u52a3\u3063\u3066\u3044\u305f\u3002\u5177\u4f53\u7684\u306b\u306f\u3001US\u5927\u578b\u682a\u306e\u90e8\u985e\u3067\u306f84\uff05\u306eAcvitively Managed Fund\u304c\u3001US\u5c0f\u578b\u682a\u306e\u90e8\u985e\u3067\u306f68%\u306eActively Managed Fund\u304c\u3001\u76f8\u5bfe\u3059\u308bIndex Fund\u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u52a3\u3063\u3066\u3044\u305f\u3002\u30dc\u30f3\u30c9\uff08\u50b5\u6a29\uff09\u306e\u90e8\u985e\u3067\u306f\u7d50\u679c\u306f\u3055\u3089\u306b\u3072\u3069\u304f\u300195\uff05\u306eActively Managed Fund\u304c\u76f8\u5bfe\u3059\u308bIndex Fund\u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u52a3\u3063\u3066\u3044\u305f\u3002<\/p>\n<p><span style=\"text-decoration: underline;\">Barclays Global Investors\u793e\u8abf\u3079<\/span><\/p>\n<p>1992\u5e7412\u670831\u65e5\u304b\u30892007\u5e7412\u670831\u65e5\u307e\u3067\u306e\u671f\u9593\u3092\u5bfe\u8c61\u3068\u3057\u305f\u30ea\u30b5\u30fc\u30c1\u3067\u3001\u3042\u308b\u5e74\u306bS&amp;P500 Index Fund(Passively Managed Fund)\u3088\u308a\u3088\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u3093\u3060Actively Managed Fund\u306e\u3046\u3061\u3001\u305d\u306e\u7fcc\u5e74\u306b\u3082\u540c\u69d8\u306bS&amp;P500 Index \u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u3088\u304b\u3063\u305f\u306e\u306f41.6%\u306e\u307f\u3067\u3042\u3063\u305f\u3002\u305d\u306e3\u5e74\u5f8c\u3092\u8abf\u3079\u308b\u3068\u3001S&amp;P500 Index \u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u3088\u304b\u3063\u305f\u306e\u306f9.7%\u306e\u307f\u3067\u3042\u3063\u305f\u3002\u5c0f\u578b\u682a\u3084Emerging Market\u682a\u306b\u3064\u3044\u3066\u3082\u3053\u306e\u50be\u5411\u306f\u540c\u3058\u3067\u3042\u3063\u305f\u3002<\/p>\n<p><span style=\"text-decoration: underline;\">Standard \uff06 Poor&#8217;s\u793e\u8abf\u3079<\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/actively-managed-fund-vs-passive.png?ssl=1\" ><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1410\" title=\"actively managed fund vs passive\" src=\"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/actively-managed-fund-vs-passive.png?resize=446%2C545&#038;ssl=1\" alt=\"\" width=\"446\" height=\"545\" srcset=\"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/actively-managed-fund-vs-passive.png?w=446&amp;ssl=1 446w, https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/actively-managed-fund-vs-passive.png?resize=245%2C300&amp;ssl=1 245w\" sizes=\"auto, (max-width: 446px) 100vw, 446px\" \/><\/a>\u4e0a\u56f3\u306e\u4e00\u756a\u5de6\u304cActively Managed Fund\u3067\u3001\u305d\u306e\u53f3\u304c\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c8\u306eIndex Fund(Passively Managed Fund)\u3067\u3059\u3002\u6570\u5b57\u306f\u3001Index Fund\u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u60aa\u304b\u3063\u305fActively Managed Fund\u306e\u30d1\u30fc\u30bb\u30f3\u30c6\u30fc\u30b8\u30021\u5e74\u30012\u5e74\u30013\u5e74\u3068\u671f\u9593\u3092\u9577\u304f\u3057\u3066\u3044\u304f\u306b\u3064\u308c\u3001\u30d1\u30fc\u30bb\u30f3\u30c6\u30fc\u30b8\u304c\u4e0a\u304c\u3063\u3066\u3044\u304d\u307e\u3059\u3002\u3064\u307e\u308a\u30013\u5e74\u9593\u3067\u307f\u308c\u3070\u300160%\u300170%\u306eActively Managed Fund\u304cIndex Fund\u3088\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u60aa\u3044\u3068\u8a00\u3046\u7d50\u679c\u304c\u898b\u3066\u53d6\u308c\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u7d50\u679c\u306f\u307e\u3055\u306b\u3001Actively Managed Fund\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u57fa\u3065\u304f\u6295\u6a5f\u7684\u306a\u6295\u8cc7\u3067\u3001\u9577\u671f\u9593\u306b\u308f\u305f\u308a\u5b89\u5b9a\u7684\u306a\u9ad8\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u3053\u3068\u3068\u3001\u9ad8\u3044Turnover \u306b\u3088\u308bTrading Costs\u3092\u30ab\u30d0\u30fc\u3057\u3066\u4f59\u308b\u3060\u3051\u306e\u9ad8\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u3053\u3068\u3092\u7269\u8a9e\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u30ea\u30bf\u30a4\u30e4\u30e1\u30f3\u30c8\u6e96\u5099\u3084\u5b66\u8cc7\u6e96\u5099\u306a\u3069\u306e\u9577\u671f\u7684\u306a\u6295\u8cc7\u3067\u3042\u308c\u3070\u3001\u3067\u304d\u308b\u3060\u3051Turnover\u304c\u5c11\u306a\u304fTrading Costs\u304c\u4f4e\u3044\u30d5\u30a1\u30f3\u30c9\u3092\u9078\u3093\u3060\u307b\u3046\u304c\u3088\u3044\u304b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30df\u30e5\u30fc\u30c1\u30e5\u30a2\u30eb\u30fb\u30d5\u30a1\u30f3\u30c9\u306e\u5404\u7a2e\u3042\u308b\u624b\u6570\u6599\u306e\u4e2d\u3067\u3082\u3001\u6700\u3082\u8a8d\u77e5\u5ea6\u304c\u9ad8\u3044\u306e\u306fExpense Ratio\uff0812b-1\u3000Fee\u3084Management Fee)\u3067\u3057\u3087\u3046\u3002Sales Load\u3084Purchase Fee\u306a\u3069\u306e\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528\u3082\u8abf\u3079\u308b\u6c17\u306b\u306a\u308c\u3070\u3001Prospectus\uff08\u6295\u8cc7\u306e\u8aac\u660e\u66f8\uff09\u3084Annual Report\uff08\u6c7a\u7b97\u66f8\uff09\u306a\u3069\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u306e\u4e00\u65b9\u3067\u3001\u306a\u304b\u306a\u304b\u76ee\u3067\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u300c\u96a0\u308c\u305f\u300d\u30d5\u30a1\u30f3\u30c9\u8cbb\u7528\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u3092\u6307\u6458\u3059\u308b\u5c02\u9580\u5bb6\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":1395,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[39,36,38],"tags":[47,43,75],"class_list":["post-1394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-college","category-investment","category-retirement","tag-retire","tag-college-cost","tag-investment"],"jetpack_publicize_connections":[],"modified_by":"admin","jetpack_featured_media_url":"https:\/\/i0.wp.com\/smartandresponsible.com\/blog\/wp-content\/uploads\/2012\/06\/mutual-fund-fee-4.png?fit=682%2C509&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1OwA5-mu","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/posts\/1394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/comments?post=1394"}],"version-history":[{"count":11,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/posts\/1394\/revisions"}],"predecessor-version":[{"id":1465,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/posts\/1394\/revisions\/1465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/media\/1395"}],"wp:attachment":[{"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/media?parent=1394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/categories?post=1394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smartandresponsible.com\/blog\/wp-json\/wp\/v2\/tags?post=1394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}