Total Expense Ratio Clause Samples
The Total Expense Ratio clause defines the proportion of a fund's assets that are used to cover its operating expenses, including management fees, administrative costs, and other related charges. This ratio is typically expressed as a percentage and is calculated annually, providing investors with a clear measure of the ongoing costs associated with holding the fund. By disclosing the Total Expense Ratio, the clause ensures transparency for investors, enabling them to compare the cost efficiency of different funds and make informed investment decisions.
Total Expense Ratio. The total expense ratio (“TER”) of each Unit Class is calculated in accordance with the general principles recognized by the FMA and shall include any and all costs and fees charged to the relevant Unit Class of the relevant Sub-Fund on an ongoing basis, with the exception of transaction costs. The relevant Unit Class’s TER is published in the semi-annual and annual reports of the UCITS and on the LAFV's website at ▇▇▇.▇▇▇▇.▇▇.