1.   Before the fund incurs a deficit, the government is supposed to increase oil prices.

2.   Certainly, no other public pension fund incurred such a large loss, which was also distinctive for its timing.

3.   Since a fund incurs costs every time it buys and sells stocks, the lower the turnover, the lower the transactions costs of a funds.

4.   Some experts say that comparing funds to indexes is inherently unfair because of transaction and other costs that funds incur.

5.   The mutual fund manager has to be paid, and the fund incurs operating costs as well.