New Age Aggressive Growth fund has $250 million in total assets and paid $1.875 million in total fund expenses. What is its expense ratio?

Name: New Age Aggressive Growth fund has $250 million in total assets and paid $1.875 million in total fund expenses. What is its expense ratio?
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Question

Quizplus · Accepted Answer

The expense ratio is calculated by dividing the total fund expenses by the total assets. $1.875 million / $250 million = 0.0075, which is 0.75%.

New Age Aggressive Growth Fund Has $250 Million in Total