Expense Ratios

An expense ratio measures the operational costs, including fees, of mutual funds, exchange traded funds, etc.  Operating expenses are taken out of a fund's assets and lower the return to a fund's investors.  Expense ratios can have a marked impact on optimization.  

The Expense Ratio Column is an optional column that appears on the Inputs Worksheet when enabled through the Display Menu. If you enter expense ratios, the Optimizer deducts the expense ratio from each asset's return when optimizing.  

The expense ratios are available for customized constraint construction as well.

See Loading for instructions on how to import expense ratios from online sources.