The funds are index-tracking, i.e. they attempt to follow a stock-market index as best they can. As such, there's nobody actively managing the funds - what happens on the index dictates what happens to the fund.
-S&P 500, they use an etf that charges .2%, they charge 1.2%
I agree - the problem for me is understanding the tax situation. I am still not happy with the answers I have got. Depending on the tax situation it may be better to hold them via QL wrapper.