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Glossary

Effective fee

What the ETF actually charges per year, as a percentage of net assets, measured by the expenses the fund booked.

What it is

What the ETF actually charges per year, as a percentage of net assets, measured by the expenses the fund booked. Shown on the ETFs pages.

How Dados B3 calculates it

the month's administration and management fee expense (balance sheet) ÷ the month's average net assets × 12. The nominal fee in the prospectus does not exist as public structured data; that is why we use booked expense. Outside the 0% to 5% a year range it carries a mark.

Example

Illustrative example, with made-up numbers to keep the arithmetic easy: Expense of R$ 50 thousand in the month on average net assets of R$ 100 million: 0.05% a month × 12 = 0.6% a year.

What to watch for when reading it

• It is not the same as the fee stated in the prospectus, and a single month can fluctuate.
• Compare with peers on the same page and look at the 12-month average.

See also

• Premium and discount
• Fund net assets

Methodology · All indicators

Educational content to understand what each number means. It is not a recommendation to buy or sell.