Which factors are considered in calculating a mutual fund's expense ratio?

Question

Quizplus · Accepted Answer

All of the options listed (fees paid to the fund's investment manager, recordkeeping, accounting, and auditing fees, custodial services, taxes, and legal fees) are considered in calculating a mutual fund's expense ratio. The expense ratio reflects the total costs associated with managing and operating the fund, and is typically expressed as a percentage of the fund's assets under management.

Which Factors Are Considered in Calculating a Mutual Fund's Expense