These numbers are taken from the 2021 annual report. I just took the totals and divided by end of year # of shares, that's why dps is less than the 0.155 actually paid.
Overall the fees are a bit over 10% of earnings - half was a management fee and half an outperformance fee.
Seems like a lot but I guess the market does not mind as the stock stubbornly trades at a premium to NTA.
Trying to look at the positive, the WAM fund manager has a strong incentive to outperform and for shareholders, keeping 80% of outperformance may be better than not having the incentive and possibly not getting the outperformance like with an index tracking etf.
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$1.48 |
Change
-0.015(1.01%) |
Mkt cap ! $1.642B |
Open | High | Low | Value | Volume |
$1.50 | $1.50 | $1.48 | $1.527M | 1.027M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 84103 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 12411 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 84103 | 1.475 |
11 | 256287 | 1.470 |
3 | 123000 | 1.465 |
13 | 228289 | 1.460 |
3 | 101307 | 1.455 |
Price($) | Vol. | No. |
---|---|---|
1.480 | 12411 | 2 |
1.485 | 11028 | 1 |
1.490 | 35474 | 3 |
1.495 | 170208 | 1 |
1.500 | 253926 | 10 |
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