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The only difference between this and the active expense metric is that I did not further subtract the expense ratio of a passive ETF. For comparison, the iShares Morningstar Multi Asset High Income Index ETF (IYLD), one of the largest multi asset income ETFs, has a management fee of 0.25%.Additionally, DVHL also bears the fees of the underlying ETFs. For IYLD, the acquired fund expense is stated to be 0.35%, which gives a total expense ratio of 0.60%.

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