Total Expense Ratio

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Total Expense Ratio

A measure of an investment fund's costs of operation as a percentage of its total assets. It is calculated by dividing the fund's total costs by its total assets. As the total costs include things like management fees and commissions, the total expense ratio is important to determining the actual return on a fund. For example, a mutual fund may have a 10% return per year, which is quite high; however, if the total expense ratio is 8%, this means that shareholders only receive 2% of the return. It is also called the management expense ratio or simply the expense ratio.

Total Expense Ratio

The ratio of total housing expense to borrower income.

This ratio is used (along with other factors) in qualifying borrowers. See Qualification/Meeting Income Requirements/Expense Ratios.
References in periodicals archive ?
Diversified Preferred Share Trust is designed to provide holders of Units with the opportunity to receive quarterly cash distributions by investing in an equally weighted diversified portfolio of preferred shares and preferred securities of Canadian issuers on a passive basis and to receive the benefits of a low management expense ratio.
The merged entity is expected to have a management expense ratio of approximately 1.
The merger is being proposed to provide unitholders of these Funds with the opportunity to hold an investment in an entity that has a larger market capitalization, potential increased liquidity and a lower management expense ratio.
The investment management expense ratio of the participants well-diversified portfolios will range from 55 basis points for an aggressive portfolio to 45 basis points for a more conservative portfolio.
the manager of Dynamic Global Small Cap Value Fund and Dynamic Focus+ Small Business Fund (the "Funds"), announces that, beginning on April 1, 2005, it will absorb sufficient expenses of the Funds so that the annual management expense ratio ("MER") of the Series A units of each Fund, before performance fees, interest charges and taxes (including sales taxes and GST) will not exceed 2.
The investment management expense ratio of the participants well-diversified portfolios will range from 45 basis points for a more conservative portfolio to 55 basis points for an aggressive portfolio.
New management expense ratios (MERs) will be recalculated at the end of the year, as per regulations.
For example, management expense ratios (MERs) for actively managed Canadian equity funds tend to average around 2.
Industry competition, high redemption rates, and continuing pressure to reduce management expense ratios make growing and retaining assets under management a pressing challenge for mutual fund managers.
The average management expense ratios for each respective fund are as follows: 2.
For retail investors, ETFs are quickly growing as an alternative to traditional mutual funds, providing investors with diversification, sector exposure, tax efficiency and lower management expense ratios.

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