_:n0f1c71af3d7a448e99bc0fac1c4cdaebxb20
<http://schema.org/text>
"<p>The total expense ratio is the ratio between total costs and the average fund size during a fiscal year. Costs are defined as all expenses in the income statement, including management, administration, custody, auditing, legal and advisory fees (operating expenses). The ETF total expense ratio is expressed retroactively as a percentage of the average fund assets and is calculated in accordance with the guidelines on the calculation and disclosure of the TER of collective investment schemes.</p>"
<https://www.ubs.com/global/en/assetmanagement/capabilities/etfs.html>