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
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.74 |
Change
0.000(0.00%) |
Mkt cap ! $1.579B | |||
| Open | High | Low | Value | Volume |
| $9.10 | $9.27 | $8.62 | $9.463M | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5828 | $8.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.74 | 24354 | 6 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$8.75 |
Change
0.000 ( 0.03 %) |
||||
| Open | High | Low | Volume | ||
| $9.11 | $9.23 | $8.62 | 127914 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| MFG (ASX) Chart |