Where on your statement is the TER? Nowhere.
The fund takes it from its own money, a tiny slice each day: 0.20% ÷ 365, about 5 cents a day on €10,000.
The price you see is already after the fee. You see it in euros once a year, in your cost report.
Because nobody sends a bill, the gap is easy to miss: two MSCI World ETFs cost 0.06% and 0.45% a year.
On €10,000, that is €6 or €45 a year for the same index.
Have you read your yearly cost report?
Education, not investment advice.
