In my years of advising fund managers, and fund boards, I’ve seen that often, what separates great decisions from sub-optimal decisions, is having context and being able to make comparisons. We’re talking data. That’s why I am pleased to be partnering with ISS-Corporate and the Head of 15(c) Board Services, Melissa Noon, to bring you more information on ISS-Corporate’s impending Annual Fee Study Review. Melissa has more than 20 years of experience in the 15(c) industry and shared with me what data ISS-Corporate compiles and the crucial insights they offer to boards, legal counsel, product managers and consultants. The 2026 Annual Fee Study Review will come out in June, covering the 2025 fiscal year. Watch my interview with Melissa to see why you’ll want it.
What is ISS-Corporate’s Annual Fee Study Review?
The fee study looks at contractual management and actual expenses of active, open-end mutual funds. Data teams cull and compile information from public documents for the fund industry, such as Prospectus, Statement of Additional Information and the Inner Annual Reports, and derive ratios. All of that is compiled in ISS-Corporate’s data base and consolidated into an annual study.
Crucial Resource for Fund Boards
This is an incredibly useful resource for boards and their advisors to be able to dive in and draw comparisons. The Review offers advisors a comprehensive place for their data when they’re looking at setting prices or evaluating expenses.
