LU7 6.67% 1.4¢ lithium universe limited

IPO - Magellan Global Trust, page-31

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    QUESTION about management funds and their fees, if you would all share some knowledge please.


    MGG has a management and administration fee of %1.35. I am curious how that works, for example: if you invested $10,000; does that mean you would have to pay $135 out of pocket, or how does that payment work?

    Thanks experts.
 
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