For a mutual fund, operating costs, including management fees, expressed as a percentage of the fund's average net assets for a given time period. The expense ratio does not include brokerage costs and various other transaction costs that may also contribute to a fund's total expenses.
Related information about expense ratio:
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 A measure of what it costs an investment company to operate a mutual fund. An   expense ratio is determined through an annual calculation, where a fund's ...
 
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 The Total Annual Fund Operating Expenses ("Expense Ratio") is the line of the   fee table in the prospectus that represents the total of all of a mutual fund's ...
 
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- Expense Ratio
 International Stock Index VGTSX For those who prefer a passive investing   approach, this low-cost index fund (0.22% expense ratio for the investor share   class) ...
 
- Expense Ratio - Financial Dictionary - The Free Dictionary
 The percentage of the assets that are spent to run a mutual fund (as of the last   annual statement). This includes expenses such as management and advisory ...
 
- Expense Ratio Definition & Example | InvestingAnswers
 We explain the definition of Expense Ratio, provide a clear example of how it   works and explain why it's an important concept in business, finance & investing.
 
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