Which of the following is True about mutual fund expenses?

Question

Quizplus · Accepted Answer

International equity funds often have higher MERs due to the additional costs associated with investing in foreign markets such as currency exchange, higher legal and regulatory costs, and other expenses. The MERs of different kinds of funds can vary significantly based on various factors such as asset class, investment strategy, fund size, and management style. Management fees generally cover only the fees paid to the fund managers and do not include other expenses such as marketing and administration costs. The compensation of salespeople is typically paid out of the fund's sales charges or 12b-1 fees, which are additional expenses that are not included in the MER.

Which of the Following Is True About Mutual Fund Expenses