What you must calculate, primarily based on a fund’s expense ratio, is how a lot cash you’ll pay to the fund on an annual foundation. Merely multiply the fund’s expense ratio by the greenback worth of your funding to compute your annual whole charge. If the worth of your funding in a fund is $1,000 and the fund’s expense ratio is 1.5%, then you’ll pay $1.50 every year to the supervisor of the fund.
I assumed it will be $15 a yr for the expense charge
( What Is an Expense Ratio? | The Motley Idiot )