as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what are these fees attached to mutual fund fsemx?
user
annual-report expense ratios reflect the actual fees charged during a particular fiscal year.  prospectus expense ratio (net) shows expenses the fund company anticipates will actually be borne by the fund's shareholders in the upcoming fiscal year less any expense waivers, offsets or reimbursements. prospectus gross expense ratio is the percentage of fund assets used to pay for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. fund expenses are reflected in the fund's nav. sales charges are not included in the expense ratio. all of these ratios are gathered from a fund's prospectus.
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