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...
Add WAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.49 |
Change
0.010(0.68%) |
Mkt cap ! $1.653B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.49 | $478.7K | 321.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8115 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 204055 | 6 |
View Market Depth
| Last trade - 10.52am 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.49 |
Change
0.010 ( 0.68 %) |
||||
| Open | High | Low | Volume | ||
| $1.49 | $1.49 | $1.49 | 55160 | ||
| Last updated 11.05am 03/05/2024 ? | |||||
| WAM (ASX) Chart |