The most important expense statistic mentioned in the Fund Facts is the

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The management expense ratio (MER) is the most important expense statistic mentioned in the Fund Facts document as it represents the total expenses that are charged to the fund for management services, including admin, marketing, legal costs, and other operating expenses. It is a more accurate measure of a fund's true cost than the gross expense ratio, which only reflects the fund's management fee. The total expense ratio also includes other expenses, such as transaction costs, while the trading expense ratio only includes the costs of buying and selling securities in the portfolio. Therefore, the management expense ratio is the most inclusive expense measure and should be considered when evaluating a fund's cost.

The Most Important Expense Statistic Mentioned in the Fund Facts