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.

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References in periodicals archive ?

As the net premium written also had increased, the management expense ratio (management expense/net premium written) decreased by 1 percentage point to 7.0 per cent in 2008.

AM Best looks over Labuan Reinsurance

Many boards of directors in the industry did not regard profit as a key objective and where a number of societies were narrowing their margins deliberately, the management expense ratio was viewed as the only true indicator of performance.

Building societies going from strength to strength

The MRFP has been revised to reflect the correct management expense ratio and management expense ratio excluding issue costs for both Class A and Class U securities.

Canada : Manulife Investments reduces management fees and management expense ratios (MERs) for select mutual funds and corrects MER for Manulife Floating Rate Senior Loan Fund

Certain series of certain funds also have capped management expense ratios (MER), as disclosed in the simplified prospectus.

TD Asset Management Inc. announces changes

today announced that it will change the way it calculates the Management Expense Ratios (MERs) for Series F units of RBC Select Portfolios, RBC Managed Payout Solution, and RBC Managed Payout Solution - Enhanced ( "Portfolios").

RBC Global Asset Management announces change to management expense ratio calculation method for seven Series F funds

For example, management expense ratios (MERs) for actively managed Canadian equity funds tend to average around 2.34%; for Canadian equity index-based funds, the average MER is 0.75%.

The New Investment Frontier: A guide to exchange traded funds for Canadians. (Book Review)

Our Series F management expense ratios are on average approximately 20 basis points or 20% lower than their category median, and we are pleased to be driving those fees even lower.

Canada : RBC Global Asset Management announces fee reductions across mutual fund lineup