Not exact matches
ETFs are less expensive than mutual funds as they operate at a much lower Total Expense Ratio (TER), typically 0.5 % — 0.75 % because most ETFs are not actively managed and because ETFs are insulated from the costs incurred by unit trusts of having to buy and sell securities to
accommodate shareholder purchases and
redemptions.
Accordingly, the Fund does not
accommodate frequent purchases and
redemptions of Fund shares by Fund
shareholders and the Fund's Board of Trustees has adopted policies and procedures that discourage frequent purchases and
redemptions of Fund shares by:
One big reason for the lower expense ratio is that ETFs do not need to constantly buy and sell securities to
accommodate shareholder purchases and
redemptions.