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IFSE Institute CIFC Exam - Topic 11 Question 24 Discussion

Your client, Rinaldo, wants to know more about the fees associated with his mutual funds. What can you tell him about a mutual fund's management expense ratio (MER)?
C) The MER reflects the percentage of each dollar of fund assets that is used to pay for management services.
A) Mutual funds are required to calculate the MER on a daily basis.
B) Trailer and brokerage fees are charged separately from the MER.
D) Mutual fund performance is not impacted by the MER since rates of return are published net of fees.

IFSE Institute CIFC Exam - Topic 11 Question 24 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 24
Topic #: 11
[All CIFC Questions]

Your client, Rinaldo, wants to know more about the fees associated with his mutual funds. What can you tell him about a mutual fund's management expense ratio (MER)?

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Suggested Answer: C

by Na at Aug 16, 2026, 12:23 AM

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Kirby
3 days ago
I remember that trailer fees are indeed separate from the MER, so B might be correct.
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Micaela
8 days ago
I think the MER is calculated annually, not daily, so A seems off.
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