Yes, the expenses are up there. That's why BPTRX needs to beat the market to be a worthy investment. To get back some of that expense ratio, make sure to go to the annual conference or at least order a free conference T-shirt.
I've ordered the T-shirt for the last 10 years or so, but have never attended the annual conference due to work. I plan to retire in a few years and attend. For those that attended, is it worth a vacation to attend? You don't need to hype the past entertainment as that aspect of the conference speaks (highly) for itself! Thanks.