Magellan will charge a 1.5 per cent per year management fee and a performance fee of 10 per cent of any outperformance over a single hurdle of 10 per cent a year total return after management fees.would
so if we invest $50k and at the end of the year this is worth $51k will the 1.5 % be charged on the $1k or $51k ?
And the 10% ?
would appreciate a worked example someone
How does the fee work on The Magellan High Conviction Trust
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