Hi all,
I'm wondering if someone can help clarify something about the management fees. The following is a screenshot from the Fiducian Balanced Fund. With Fiducian's 'Manage-the-Manager' model, is it correct to say that Fiducian is the responsible entity and will earn a 0.93% management fee for managing the funds under this fund?
If so, the underlying managers (e.g. Solaris, Fidelity, Bennelong, Ausbil, L1 Capital and so on) of the 'Manage-the-Manager' model would only receive at most 118-93 = 25 bps (minus a further ~8 bps for Custody/expense recovery expenses as per the PDS) from the managed fund, which seem very low for active fund management. I think I'm misunderstanding the fee structure as I'm new to Fiducian so my thanks if someone can help clarify.
Hi all,I'm wondering if someone can help clarify something about...
Add FID (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.89 |
Change
-0.080(1.00%) |
Mkt cap ! $248.3M | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.88 | $271.6K | 34.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 363 | $7.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 1567 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$7.92 |
Change
-0.080 ( 0.75 %) |
||||
| Open | High | Low | Volume | ||
| $7.97 | $7.99 | $7.92 | 595 | ||
| Last updated 15.58pm 01/05/2024 ? | |||||
| FID (ASX) Chart |