Normally this is disclosed and applied as a business expense.
E.g. if this fund yields $1 million revenue from their investment activities, 1.3% is deducted by MGG as a fee so $13K comes out as part of calculating the earnings and any returns to you and me.
IPO - Magellan Global Trust, page-32
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Mkt cap ! $8.314M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 1.6¢ | 100000 | 1 |
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