Laufende Kosten (TER)

In English: Total expense ratio

The yearly fund fee, taken out of the fund's value. Broad ETFs cost about 0.1–0.3% a year, actively managed funds often 1.5% or more – over decades that difference adds up to a lot.

Where it comes up

All terms in the glossary
These are estimates to help you plan – not financial, tax or legal advice. They use German tax rules for 2026, assume steady returns and interest rates, and simplify where the page says so. Check the figures with your bank or a tax adviser before you decide.