What does Total Expense Ratio mean?

The Total Expense Ratio (TER) is a measure of the total annual operating expenses of a mutual fund or exchange-traded fund (ETF), expressed as a percentage of its average net assets. The TER includes management fees, administrative costs, and other expenses related to running the fund. The lower the TER, the less it costs to invest in the fund, and the higher the TER, the more it costs. The TER is an important factor to consider when choosing a mutual fund or ETF, as it can have a significant impact on the fund's overall performance.

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