| Expense
Ratio |
 |
The percentage of the assets that were spent to run a mutual fund.
It includes things like management and advisory fees, travel costs
and 12b-1 fees. The expense ratio does not include brokerage costs
for trading the portfolio.
Also referred to as the Management Expense Ratio (MER)
|
 |
Pay
close attention to the expense ratio, it can sometimes be as high
as 2-3% which can seriously undermine the performance of your mutual
fund. |
|
|
|
|
Dictionary
