What is the expense ratio of a mutual fund?

What is the expense ratio of a mutual fund?

The expense ratio of a mutual fund is the percentage of the fund's assets that are used to cover the operating expenses of the fund. This includes fees such as management fees, administrative costs, and other expenses incurred in managing and operating the fund. The expense ratio is deducted from the fund's assets and can vary from fund to fund. It is an important factor to consider when evaluating the overall cost and potential returns of a mutual fund.