Series 79: Total Expense Ratio

Taken from our Series 79 Top-off Online Guide

Total Expense Ratio

Total expense ratio (TER) is a concept that applies to mutual funds and other investment funds. These funds have management expenses and fees that are paid for by fund investors out of fund income; the total expense ratio reflects the percentage of assets under management that are consumed by these costs.

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Solomon Exam Prep Study Materials for the Series 79
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