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How much do you pay in fees for mutual funds?

When you invest in units of mutual funds, you may be charged fees. Fees can vary considerably from one mutual fund to the next.

Higher fees are not necessarily synonymous with higher returns

Check and compare fees before investing. Remember, every dollar paid in fees is a dollar less in returns. However, whatever funds you choose, make sure that they match your investor profile.

The Fund Facts document shows you the cost of purchasing and selling your fund units and the management expense ratio. It also shows the trailing commission as a percentage and its impact on each $1,000 invested.

The main types of fees for mutual funds are purchase fees (“front-load”), redemption fees (“back-load”), and management and operating fees.