The total expense ratio, or TER, is a measure of the total cost of a fund to the investor. Total costs may include various fees (purchase, redemption, auditing) and other expenses.
Total Expense Ratio - TER
A measure of the total costs associated with managing and operating an investment fund such as a mutual fund.
To make comparison of funds easier and more transparent to investors, the fund's total expense ratio (TER) was adopted as a measure of the total cost of a fund; includes various fees and expenses.
 See also: Fund, Total Assets, Expenses, Expense ratio, Commission
  
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