- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 1. Market Organization and Structure
- Subject 2. Assets and Contracts
CFA Practice Question
The annual management fee charged by investment firms to compensate fund managers is typically a ______.
B. fixed-dollar amount ratified by the shareholders before the year begins
C. percentage of the average net assets of the fund
A. percentage of the capital gains and income of the fund
B. fixed-dollar amount ratified by the shareholders before the year begins
C. percentage of the average net assets of the fund
Correct Answer: C
User Contributed Comments 3
| User | Comment |
|---|---|
| farhan92 | would be A and C for HF's - 2/20 etc |
| khalifa92 | yeah true good i saw ur comment |
| joeclark | They are asking for management fee not performance fee |