What are the fees involved with a TD MF?

[jeeva86]

Is MER the only fee? Is there any annual fees? So if the MER is 2%, they would take 2% of my assets every month? Thanks.

[notanexpert]

Is MER the only fee? Is there any annual fees? So if the MER is 2%, they would take 2% of my assets every month? Thanks.

The MER is always measured annually, so in your case it is 2% per year. It is not taken off your account, it is taken from the fund's assets, so it is basically reflected in the fund's price. On funds that are "no-load" there is no fee when you buy or sell or annual fees other than the MER. TD funds are no load. There may be a buying, selling or an annual fee connected to the account that you use when you buy those funds - you have to check for that with the institution where you have the account.

[simms]

MER is the only fee is buying from easyweb and is no-load, meaning no buying/selling/annual fee.

The catch is, you have to hold the fund for at least 30 days (90 days for e-series funds). Otherwise they will take an add'l 2%.

[Thalo]

The catch is, you have to hold the fund for at least 30 days (90 days for e-series funds). Otherwise they will take an add'l 2%.

Such is the case with all MFs on the Canadian market.

TD funds can be purchased with loads through other instutions, but through TD itself, they are no load. Note: posted returns are net of fees, so if the past return of a fund was 10%, that means the MER has already come off.