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.
These numbers are taken from the 2021 annual report. I just took...
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Last
$1.43 |
Change
-0.010(0.69%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.45 | $1.43 | $3.080M | 2.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 367176 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 57109 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WAM (ASX) Chart |