How did we calculate this?

The mutual fund results assume an average cost of investing in mutual funds of 1.93%†. The CI Direct Investing results assume CI Direct Investing's management fee plus the 0.25% MER of our Balanced ETF portfolio.

The graph assumes both have a 7% rate of return before fees and a 2% rate of inflation. This illustration is for fee comparison purposes and not a representation of actual future investment performance.

†: Monitoring Trends in Mutual Fund Cost of Ownership and Expense Ratios – Strategic Insights, June 2019