Annual expense ratio

Annual expense ratio

The percentage of a Fund's assets deducted each fiscal year for fund expenses, including Rule 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by a fund. Portfolio transaction fees, or brokerage costs, as well as initial or deferred sales charges are not included in the expense ratio.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Funds
Company: Merrill Lynch
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annual expense ratio

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