After Reimbursement Expense Ratio

The after reimbursement expense ratio is the actual expense charged to investors of a mutual fund. Also known as the “net expense ratio” it is calculated by subtracting miscellaneous reimbursements from the gross expense ratio.

One example of a reimburesement paid back to the fund are the dividends received while selling equities short. These reimbursements are determined by the mutual fund’s management.