Difference in Ending Wealth at Various Fee Levels 

Difference in theoretical portfolio value of an investment in the S&P/TSX Composite TR Index (a no-fee index) and the same index minus the effect of various fees. Assumes annual listed fee is charged on a monthly basis.

Figures calculated using total returns from the S&P/TSX Composite Total Return index with data from December 2002 to January 2023.
Table: Ian Tam, CFA Source: Morningstar Research Inc., Author's Calculations Get the data
Morningstar