Other expenses associated
with operating the mutual fund include investment advisory fees, marketing and distribution expenses, brokerage fees, custodial fees, transfer agency fees, legal fees and accounting fees.
Expense ratios represent how much it costs to
operate mutual funds and ETFs.
To
operate a mutual fund it requires investment professionals and support staff as well as meeting SEC requirements for reporting and maintaining accounting practices.
The expense ratio is a measure of what it costs an investment company to
operate a mutual fund.
An expense ratio is what it costs a company to
operate a mutual fund.
The MER is a measure of what it costs an investment company to
operate the mutual fund.