Expense Ratio
The percentage of a fund's average net assets used each year to pay the fund’s operating expenses, which can include management fees, distribution and/or service fees (called 12b-1 fees), acquired fund fees and expenses, and other expenses. You’ll find this figure in the fund’s prospectus fee table.
Concept at a glance
Definition and explanation
The percentage of a fund's average net assets used each year to pay the fund’s operating expenses, which can include management fees, distribution and/or service fees (called 12b-1 fees), acquired fund fees and expenses, and other expenses. You’ll find this figure in the fund’s prospectus fee table. [1]
Source-supported connections
Frequently asked questions
What does Expense Ratio mean in the cited reference?
The percentage of a fund's average net assets used each year to pay the fund’s operating expenses, which can include management fees, distribution and/or service fees (called 12b-1 fees), acquired fund fees and expenses, and other expenses. You’ll find this figure in the fund’s prospectus fee table. [1]
Expense Ratio connection map
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Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.