Glossary
Expense ratio — TER
The total expense ratio (TER) is the yearly cost of owning a fund, shown as a percentage of your money (for example, 0.20%). It is deducted automatically, so you never see a separate bill.
What it means for you
See it in numbersThe Fee Drag What fund fees and dividend tax quietly cost you over decades — the European accumulating-vs-distributing question, in euros.Small differences compound into large sums, so a 0.20% fund can beat a 1.00% one by a lot over a lifetime.
Related terms
Every term, in plain English, on one page — the full glossary. Education, not advice.
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