Fee Accruals: Daily Management Fee, Fixed Expenses & the Accrued Balance
This lesson is part of the course
In this lesson
You accrue the management fee on the prior-day NAV and spread the fixed annual expenses over the days, including the weekend on Monday, and roll the accrued balance forward until the fee is paid.
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Lessons in this course
- Valuing the Portfolio: Price File, FX Rates & Unrealised Gains Locked
- From Assets to NAV: The Statement of Net Assets & NAV per Unit Locked
- Fee Accruals: Daily Management Fee, Fixed Expenses & the Accrued Balance Locked
- Dealing Day: Subscriptions, Redemptions & the Unit Register Locked
- Income: Dividends on the Ex-Date, Bond Interest & Distribution per Unit Locked
- Performance Fee: Hurdle, High-Water Mark, Accrual & Crystallisation Locked
- NAV Checks: Day-over-Day Moves, Price Tolerance Breaks & Stale Prices Locked
- Investor Statements & a NAV Dashboard Locked