Ann: Appendix 3Y Change in Directors Interest - G Wilson, page-13

I've got sharesight too but I don't like how the date ranges are fixed options.

Well you're gonna lose 1% to management fees already, aAnd then other operating expenses too which might get you to your 1.5%.

Then if there was a performance fee, 20% of the outperformance.

I'm not doubting they outperform over time, especially with WAM for example its clear it's done much better even with high fees. But if WLE might only return 2% gross outperformance over VAS then I'm not as convinced in holding.



I work in the industry but on the unlisted managed funds side - when I get more time I really do want to look into their fee structure, go back to the initial prospectus, etc.