Q: Hi 5I
I want to make sure I understand the effect of management fee and management expense ratio MER, on an ETFs dividend yield.
For example looking at ZWB the indicated dividend yield on my brokers site is listed as
Div - 7.64%,
MER -0.72 %
Mgt fee - 0.065 %
Is the stated dividend 7.64% the amount received after all expenses are paid or do you subtract the fees to get the actual dividend received?
thx
I want to make sure I understand the effect of management fee and management expense ratio MER, on an ETFs dividend yield.
For example looking at ZWB the indicated dividend yield on my brokers site is listed as
Div - 7.64%,
MER -0.72 %
Mgt fee - 0.065 %
Is the stated dividend 7.64% the amount received after all expenses are paid or do you subtract the fees to get the actual dividend received?
thx
5i Research Answer:
ETF expenses are accrued daily and reflected in Net Asset value. Dividends and performance figures are all reported/declared AFTER all fees. No further deductions are needed when looking at dividends.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWB.