Funds

Expense Ratio: Definition

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Simple Definition

The annual fee a fund charges to manage your money, expressed as a percentage of your investment.

Why It Matters

Expense ratios are the silent wealth killer. A 1% fee doesn't sound like much, but over 30 years it can cost you hundreds of thousands of dollars. If you invest $10,000 annually for 30 years at 7% returns, a 0.03% expense ratio leaves you with $944,000. A 1% expense ratio? Only $761,000. That's $183,000 lost to fees. Always check the expense ratio before buying any fund.

Key Points

  • Index funds typically charge 0.03-0.20%; actively managed funds charge 0.50-1.50%
  • The fee is automatically deducted from your returns - you never see a bill
  • Lower expense ratios almost always lead to better long-term performance

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The annual fee a fund charges to manage your money, expressed as a percentage of your investment. Expense ratios are the silent wealth killer. A 1% fee doesn't sound like much, but over 30 years it can cost you hundreds of thousands of dollars.

Expense ratios are the silent wealth killer. A 1% fee doesn't sound like much, but over 30 years it can cost you hundreds of thousands of dollars. If you invest $10,000 annually for 30 years at 7% returns, a 0.03% expense ratio leaves you with $944,000. A 1% expense ratio? Only $761,000. That's $183,000 lost to fees. Always check the expense ratio before buying any fund.

Index funds typically charge 0.03-0.20%; actively managed funds charge 0.50-1.50%

The fee is automatically deducted from your returns - you never see a bill

Lower expense ratios almost always lead to better long-term performance