TER
Teradyne, Inc. Common Stock
stock NASDAQ

Completely agree. I've gone VHVG Vanguard developed world 60%, VFEG Vanguard Emerging Markets 10%, CUKX iShares FTSE100 10%, DAXX Amundi DAX III 10% and DFNX Invesco Defence Innovation 10% (the DFNX has been going gangbusters!). US Exposure is \~45% USA, and combined TER of 0.14 is very acceptable to me.

DFEN has been doing pretty amazing, in spite of relatively high TER

For ETFs I have some SMH, but that is general semiconductor exposure. I don't have a lot of capital, I am spread in small positions over the sector, TSM, POET, MRVL, AAOI, NVDA, OPTX, ALAB, FEIM, LWLG, ACMR, GFS, FBOT, ALMU, BURU, ACMR, LITE, LPTH, LIDR, OUST, ENTG, KOPN, TER, COHR, VIAV

> FER = MER + TER, but excludes the “management fee”
This is incorrect and the source of your confusion, the MER includes the management fee. The management fee makes up the bulk of the MER (85%+), the remaining bit is variable operating expenses and taxes. For example VAB has a 0.09% MER with a management fee of 0.08%, so only 0.01% is operating expenses and taxes.
See the graphic under this paragraph:
> Most ETF investors know about management fees and management expense ratios (MERs). Management fees are a percentage of assets under management charged by portfolio managers or advisers. MERs include these fees as well as performance fees, funding costs and other operating expenses like legal and accounting costs.

I’m still confused. In the paper you linked, there is a table about halfway down (under the heading “Fees differ across Asset Classes and Strategies”) which seems to clearly indicate that FER = MER + TER, but _excludes_ the “management fee” (what I proposed calling “MFR”).
As an investor, it seems that the sum of both FER and “management fee” is ultimately the number that matters, no?

Habe ich mir auch überlegt, aber weiß nicht ob die höhere TER (0.2%p.a. gegenüber dem Gral) die Faktorprämie wett machen kann.
Und für mich als Österreicher relevant: Ich wage zu bezweifeln ob Avantis so steuerschonend hierzulande agiert wie es Vanguard tut

Ich hab 20% in AVUV+AVDV (tiefere TER als AVWS, aber nicht UCITS).
Ist Geschmacksache aber mir schmeckt‘s 🤷🏻‍♂️

After all, on Yahoo, right above the fund name, it says "LSE" :D
Otherwise, IMHO, SPYL is a better choice. Significantly lower price per share (€14.7), TER 0.03%.

Amundi Prime Global mit 0,05% TER.

No bullshit. Check out WEBN for the lowest TER% rate giving best long term gains as there is the lowest charges of 0.07% it’s a compounding monster. Or choose VWRP and pay their fees that’s up to you.
And unless you have a better growth angle? Nah, simply doesn’t remove the fact that we are in a precious metals shortage and unless someone comes with an abundance of Silver for example the price will continue to rise as the industrial sectors are gobbling it all up.
The smart way to make money in this environment is to invest into the companies who are bringing up the metals from the ground because they haven’t changed what they do but the money they get for doing it has just massively increased so every earnings these guys value is only going one way. 🆙
You don’t have to check out my Pie but if you did happen to invest I know for certain in 6 months time you will be >60% on your investment.. why can I say that? ..I’m confident that nobody is turning up tomorrow with enough silver to crash the price.

Google: TER vs TD

Schönes Wochenende an alle Finanzler,
ich bespare den heiligen Gral (FTSE All World).
[FTSE Meme einfügen]: Mir ist allerdings aufgefallen das es mittlerweile eine UCITS Version vom Avantis Global Small Cap Value ETF (IE0003R87OG3) gibt.
Da der heilige Gral nur wenige Small Caps enthält wäre der AVWS daher eine Option die Abdeckung auszubauen mit einer kleineren Überlappung. Wenn man der Faktor-Theorie glauben schenkt könnte man hier noch die Size und Value Prämie abgreifen. Die TER von 0,39% ist hier nur leicht höher als von anderen Small Cap ETFs ~0,3% ohne Value tilt.
Meine Idee wäre daher:
10 - 15% AVWS beizumischen
Freue mich auf eure Erfahrungen und Anmerkungen.

Geringe TER *in Kombination* mit guter Tracking Difference (Kursunterschied Index vs. ETF). Es bringt dir nichts, wenn ein ETF eine geringe TER hat, aber schlechter als der Index läuft.
[https://www.trackingdifferences.com/ETF/Index/MSCI%20World%20Index](https://www.trackingdifferences.com/ETF/Index/MSCI%20World%20Index)

Also ist der beste MSCI world der mit den geringsten TER?

Hallo, ich will nächste Woche anfangen einen 3ten ETF mit ins Depot zu nehmen. Soll der MSCI World werden damit ich eine Basis habe.
Jetzt gibt den Core MSCI World mit TER 0,20% und den MSCI World von Xtrackers mit 0.12% TER. Soll ich lieber den Xtrackers nehmen weil günstiger oder gibts noch was zu beachten. Welchen von den habt ihr und was könnt ihr empfehlen?

Good question, it's definitely a bit confusing. To add to the confusion we're adopting "[fund expense ratio](https://www.tdsecurities.com/ca/en/total-cost-reporting-guide)" soon which is the MER + TER.

Check the TER and holdings of each, then decide accordingly.

Check out the pie on my profile me I’ll give you good growth. Invest 85% your profile into a good All World Fund (I chose WEBN as it has the best/lowest TER% giving best compounding growth) and the rest as my pie.

Personally I would put it all in a low-fee all-world ETF like ACWI. I'm also UK and invest through the HL platform but they charge account fees so use Trading212. Remember ETF management fees can change so don't get FOMO when you find one 0.1% cheaper.
ACWI (0.12% TER): https://www.trading212.com/trading-instruments/invest/ACWI.GB
FWRG (0.15% TER): https://www.trading212.com/trading-instruments/invest/FWRG.GB
VWRP (0.19% TER): https://www.trading212.com/trading-instruments/invest/VWRP.GB

For what it's worth, my ETF pie is 60% VHVG Vanguard Developed World, 10% VFEG Vanguard Emerging Markets (between them for global diversification at a decent TER), 10% CUKX Ishares FTST100 (for boring slow moving but relatively stable stodge), and 20% DFNX - the last of which has been absolutely smashing it out of the park, and with a perfectly acceptable .72 beta too!)
I don't mess with it much, but to be honest am feeling a wee bit (I think justifiably) paranoid about the outlook for the top 30% companies of the SP500 for 2026, and the big cold the rest of the world will thereby catch, so always keep a close eye on the VIX and any signs of yield curve inversion.