How can I determine the cost of making a mutual fund investment?
Before you invest in a mutual fund, understand what fees you pay directly, such as sales charges, and what fees the fund pays, such as management fees and operating expenses. The fund’s management fee and operating expenses make up a fund’s management expense ratio (MER).
You can find information about fees in a mutual fund’s Fund Facts document – you should be able to find this short and easy-to-read document online for each fund you are considering.
See an example of Fund Facts and learn more about mutual fund fees.