Expense Ratio Formula |
| \( ER \;=\; \dfrac{ MF }{ TI } \) |
| Symbol |
| \( ER \) = expense ratio |
| \( MF \) = management fees |
| \( TI \) = total investment in the fund |
Expense ratio, abbreviated as ER, is the measures the expense incured to manage the fund as a porportion of the total investment.
