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The total expense ratio (TER) is a measure of the total cost of a fund to an investor. Total costs may include various fees (purchase, redemption, auditing) and other expenses. The TER, calculated by dividing the total annual cost by the fund's total assets averaged over that year, is denoted as a percentage. It will normally vary somewhat from ...
A fund with a high expense ratio could cost you 10 times – maybe more – what you might otherwise pay. ... These funds regularly charge less than 0.10 percent and range all the way to free.
One notable component of the expense ratio of U.S. funds is the "12b-1 fee", which represents expenses used for advertising and promotion of the fund. 12b-1 fees are paid by the fund out of mutual fund assets and are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under FINRA Rules.
Generally, unlike future performance, expenses are predictable. Funds with high expense ratios tend to continue to have high expense ratios. An investor can examine a fund's "Financial Highlights" which is contained in both the periodic financial reports and the fund's prospectus, and determine a fund's expense ratio over the last five years (if the fund has five years of history).
The expense ratio of the average large cap actively managed mutual fund as of 2015 is 1.15%. [21] If a mutual fund produces 10% return before expenses, taking account of the expense ratio difference would result in an after expense return of 9.9% for the large cap index fund versus 8.85% for the actively managed large cap fund.
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The Calculator in non-LTSC editions of Windows 10 is a Universal Windows Platform app. In contrast, Windows 10 LTSC (which does not include universal Windows apps) includes the traditional calculator, but which is now named win32calc.exe. Both calculators provide the features of the traditional calculator included with Windows 7 and Windows 8.x ...