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 Median Mutual MERs

Newsletter Archive
Q1/6 Focus on ETFs
Q4/5 LW Canadian Equity
Q4/5 Saxon High Income
Q3/5 Saxon Small Cap
Q3/5 BG Income
Q2/5 Trimark Canadian
Q2/5 MB Fixed Income
Q1/5 BG Canadian Intrinsic
Q1/5 MB American Equity
Q1/5 Mawer N.C. Closure
Q4/4 Mawer Cdn Equity
Q4/4 Mawer Balanced RSP
Q3/4 Sceptre Equity Growth
Q3/4 Saxon World Growth
Q2/4 BG Small Cap
Q2/4 Mawer U.S. Equity
Q1/4 PH&N Cdn Growth
Q1/4 Leith Wheeler US Eq
Q4/3 iShares S&P500
Q4/3 BG Canadian Equity
Q3/3 North Growth US Eq
Q3/3 HSBC Mortgage
Q2/3 MB Cdn Eq Growth
Q2/3 Batterymarch US Eq
Q1/3 Saxon Stock
Q1/3 BG Balanced
Q4/2 Mawer New Canada
Q4/2 Perigee T-Plus
Q3/2 PH&N Dividend Inc
Q3/2 PH&N Bond
Q2/2 Leith Wheeler Cdn Eq
Q2/2 Perigee Diversifund
Q1/2 PH&N Cdn Equity
Q1/2 Mawer U.S. Equity

Median Mutual Fund MERs

The objective of Frugal Funds is to provide information to investors about low-fee mutual funds. It is natural to ask what constitutes, say, a high-fee fund? In an attempt to provide additional context for the Management Expense Ratios (MERs) indicated on our Frugal Funds list, we have used to obtain the following list of *median* MERs, grouped by asset class, for open-ended Canadian mutual funds. The figures presented here are current as of January 2003.

Fund CategoryMER
Canadian Equity Funds: 2.52%
U.S. Equity Funds: 2.61%
Int'l Equity Funds: 2.64%
Cdn. Dividend Funds: 1.96%
Mortgage Funds: 1.77%
Cdn. Balanced Funds: 2.35%
Cdn. Bond Funds: 1.64%
Cdn. Money Market: 0.93%
U.S. Money Market: 1.17%

(We have substituted U.S. Money Market for Foreign Money Market in the list above due to a lack of data.)

Carl Wolfe



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