One of the costs of owning a mutual fund is the management expense ratio (MER). The MER is the total cost of running the investment and can have a real impact on your overall rate of return and is often misunderstood by the average investor.
This interactive infographic illustrates how an MER is calculated, what costs are associated with it and the impact it can have on an investment.
Enter your own values to see the effect of different MERs on the value of an investment.
Learn more in the following video: