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Twin and adoption studies have demonstrated that:
Gross Return
The total return on an investment before any deductions for fees or expenses.
Expense Ratio
A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's average assets per annum.
Total Expense Ratio
It quantifies the total cost of fund management and operating expenses, expressed as a percentage of the fund’s total assets.
Gross Return
The total return on an investment before any deductions are made for costs or expenses.
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