Glossary · from the DESK dictionary
Total Expense Ratio (TER)
A comprehensive metric capturing all of a fund's annual costs, including management fees and other operating expenses, expressed as a percentage of assets under management.
In plain words
Provides a more complete picture of actual costs than the management fee alone.
What it means for traders
An important practical metric every fund investor should use to compare costs across different funds.
Common pitfalls
May not fully capture certain additional transaction costs for some fund structures.
Related terms
Trailing Commission · Tyranny of Compounding Costs
From the DESK dictionary. For information only, not investment advice.
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DESK is a research tool and not investment advice. Page generated: 2026-10-12.