Understanding Fund Fees in Mezzi

Last updated: June 19, 2026

Overview

Fund fees are one of the easiest costs to overlook in a portfolio, but over time they can have a significant impact on your investment returns. Mezzi helps you understand exactly what you’re paying by tracking fund fees across your portfolio, highlighting high-cost investments, and identifying potential lower-cost alternatives.

🧭 How to View Fund Fees in Mezzi

Check out this Youtube video or follow the steps below to review your fund fees:

  1. Go to the Insights tab.

  2. Scroll down to the Fund Fees section.

  3. You’ll immediately see:

    • Your annual fund costs

    • Your weighted average expense ratio

  4. Tap into the section for a detailed breakdown.

  5. For each fund in your portfolio, Mezzi shows:

    • The fund name

    • Expense ratio

    • Amount invested

    • Estimated annual fees paid

    • Potential lower-cost alternatives

💡 Why This Matters

Expense ratios are deducted directly from a fund, so many investors never see a bill for them. Even small percentages can add up over time and reduce long-term returns.

Mezzi helps you identify:

  • Which funds contribute most to your annual costs

  • Higher-cost holdings that may deserve a second look

  • Lower-cost alternatives that provide similar exposure

For example:

  • SPY has an expense ratio of approximately 0.09%

  • QQQ has an expense ratio of approximately 0.18%

  • QQQM tracks the same NASDAQ-100 index as QQQ but at a lower cost

  • SOXL has an expense ratio of approximately 0.75%

  • HACK has an expense ratio of approximately 0.60%

Understanding where your fees come from can help you make more informed investment decisions.

🤖 Research Alternatives with AI

Once you’ve identified a fund you’d like to evaluate, you can ask Mezzi AI questions such as:

“What’s my tax hit if I swap QQQ for QQQM?”

Mezzi’s Research Assistant will analyze:

  • Your actual holdings

  • Account types (taxable vs. tax-advantaged)

  • Potential tax implications

  • Estimated fee savings

  • Alternative investment options

You can also tap the sparkle icon to have Mezzi automatically analyze your holdings and identify opportunities to reduce costs.

Important Notes

  • Fund fees are calculated based on the expense ratios of the investments you currently hold.

  • The tax impact of switching funds depends on where the investment is held:

    • Trades inside tax-advantaged accounts (such as IRAs and Roth IRAs) generally do not trigger capital gains taxes.

    • Trades in taxable accounts may have tax consequences.

  • Mezzi provides educational insights to help you evaluate trade-offs, including both fee savings and potential tax impacts.

🗨 Still Need Help?

If you have questions about your fund fees, expense ratios, or potential fund alternatives, contact help@mezzi.com and include:

  • The fund you’re evaluating

  • A screenshot of the Fund Fees section (if applicable)

  • Your question about fees, taxes, or alternative investments

We’re happy to help you better understand what you’re paying and explore potential ways to reduce costs over time.