Total Expense Ratio (TER), Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents
List of United States Depository Institutions, Credit Unions, Guide Service
Total Expense Ratio (TER) - Depository Glossary Terms and Abbreviations
The total cost of operating an investmenttrust as a percentage of its average netassets is the Total Expense Ratio (TER). The TER is calculated by dividing the total operating costs (excluding any interest on borrowings) by the average netassets and expressing the results as a percentage.