MANAGEMENT EXPENSE Definition

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MANAGEMENT EXPENSE is the management fee deducted from a funds average net assets to pay an advisor or sub-advisor. This fee is normally on a sliding scale. As the net assets of the fund increase, the percentage deducted for management fees decreases. A fund can also have a fixed rate or flat fee to compensate the advisor.

Learn new Accounting Terms

RPU is Revenue Per User (telecommunications), Revenue Per Unit, or Revenue Protection Unit.

MBO see MANAGEMENT BY OBJECTIVES.

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