MER stands for “Management Expense Ratio”, and it’s the percentage charged to the fund’s value for managing and operating the fund. So, if your best friend George invested in a fund with a 6% return before fees over the last year, and his fund had an MER of 1%, then George’s money will have earned approximately 5%. MERs can vary widely, from less than 1% to more than 3% Typically, a fund that requires a lot of complex management will have a higher MER, compared to a fund that is less complex.

Great news! Even though CST Spark invests in ETFs that have MERs; we don’t pass those individual fees on to our customers. We only charge an overall management fee of 1.5% + tax which includes the impact of the MERs. See, we told you there are no hidden fees!

Invest in your future engineer

Raising your little superstar can be chaotic so we made saving for their future education simple.