How does the MER checkbox affect expected returns?
Where to find it: ACCOUNTS and INVESTMENTS → Edit Investments → Edit
Open the investment’s Edit form and find MER% and the checkbox labelled Check to reduce rates of return by MER fees in TIME MACHINE, uncheck if rates of return already reduced.
Check the box if the expected returns you entered are before the fund’s MER. MRA will reduce those returns by the entered fee in the projection. Leave it unchecked if your expected returns already allow for the MER. Otherwise you would subtract the same fee twice.
For example, if you assume 5% total return before a 0.2% MER, enter the return components totalling 5, enter MER 0.2 and check the box. If your chosen return assumptions already include the MER, enter those net components and leave the box unchecked.
You can still enter the MER when the box is unchecked so the fee can be included in fee reporting. Account-wide advisor fees belong on Cash, rather than being added again to each fund’s MER.