Annual Management Fees for CFA® Level 1 Exam Preparation

What Percentage of Average Net Assets Do Professional Managers Charge?

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Question

Annual management fees compensating the professional managers typically vary from ________ of the average net assets of the fund.

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Explanation

Annual management fees compensating the professional managers typically vary from one quarter to one percent of the average net assets of the fund; with a larger (dollar value) size fund charging a lower percentage.