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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓A fund's true all-in cost of ownership can exceed its quoted TER. Each of the following is a cost the TER typically leaves out, EXCEPT:
The trustee fee is a recurring operating cost that is included within the TER; performance fees, portfolio dealing costs and one-off sales charges are excluded, which is why all-in cost can exceed the TER.
Forgetting that the trustee fee is part of the TER, unlike performance fees, dealing costs and sales loads.
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