What’s the maximum trailing fee you can be charged on a mutual fund?
Thanks for your question. There is no “maximum trailing fee”. Trailing fees or trailing commissions are paid out of the mutual fund’s management fee, so it is reflected in the fund’s Management Expense Ratio (MER). There is no set maximum for the MER of a mutual fund. The Fund Facts document provided to you when you purchase a mutual fund outline the MER that will be paid on that fund.
Speak to your registered financial advisor for more information about fees, and make sure you understand product fees before you make an investment.
Learn more about mutual fund fees on GetSmarterAboutMoney.ca.