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Options
-
Total Expense Ratio shall not exceed 1.00 per cent of the daily net assets.
Correct answer
- B
Total Expense Ratio shall not exceed 2.00 per cent of the daily net assets.
- C
Total Expense Ratio shall not exceed 1.5 per cent of the daily net assets.
- D
Total Expense Ratio shall not exceed 0.50 per cent of the daily net assets.
Why this is the answer
For Index Funds and ETFs, the Total Expense Ratio (TER), which includes all management and administrative fees, must not exceed 1% of the daily net assets.
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