Gross Expense Ratio

Gross expense ratio is a fund’s annual operating expenses as a percentage of assets before contractual waivers or reimbursements.

Why this matters to income investors

Expenses before waivers show what investors may bear if temporary support ends.

How to use gross expense ratio in your research

Read the fee formula and its base in the latest filing. Calculate what the charge takes from assets or earnings, then check whether waivers are temporary and whether the remaining income supports distributions.

This material is general education and information, not individualized investment, tax, or legal advice.