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Search for an ETF or holding
Search for an ETF or holding
Updated 2mo ago.
Updated 2mo ago.
The F-series refers to a class of mutual fund units designed for investors who have a fee-only advisor paid through direct fees. Unlike A or B series, the F-series does not include a trailing commission for the advisor, resulting in a lower MER.
A mutual fund in A-series might have a MER of 2.4%, including 1.0% in annual trailing commissions paid to your advisor. The F-series of the same fund would have a MER of roughly 1.4% (without the commission). The 1.0% annual difference over 20 years on $100,000 = roughly $50,000 less in fees. Index ETFs remain cheaper than both at 0.2-0.5%.
The F-series is generally accessible only through fee-only advisors (not commission-based). Understanding the different series helps you assess whether your advisor is recommending the most advantageous structure for you. Since 2016 in Canada, advisors must explicitly disclose commissions received — F-series is gaining popularity in this context.