The average annual fee on actively managed exchange-traded funds is ________, which is _________.
A)zero.
B)lower than the typical annual fee on open-end mutual funds.
C)higher than the typical annual fee on open-end mutual funds.
D)the same as the typical annual fee on open-end mutual funds.

Question

Quizplus · Accepted Answer

Actively managed ETFs typically have lower annual fees than open-end mutual funds due to their lower operating costs and greater tax efficiency. However, some actively managed ETFs may have higher annual fees than passive index-tracking ETFs. Therefore, the average annual fee on actively managed ETFs is lower than the typical annual fee on open-end mutual funds.

The Average Annual Fee on Actively Managed Exchange-Traded Funds Is