[原创]Trailer Fees

fm_yy

<p>Trailer Fees (as % of AUM)</p><p>在FSM买基金的时候，除了Commission Received (as % of Invested Amt) 2.0% 还有Trailer Fees (as % of AUM)</p><p>在其它机构购买也是有么？比如poems什么的。。。。</p><p></p>

xzyan

<p><a href="http://www.fundsupermart.com/main/community/forumPosts.svdo?id=000812&amp;page=1">http://www.fundsupermart.com/main/community/forumPosts.svdo?id=000812&amp;page=1</a></p><p>Tailor fee is a small portion of the annual management fee which the fund manager pays to distributors (like Fundsupermart). You don't have to worry about this because it is between the fund house and the distributor. You have already paid for it in the form of the annual management fee.<br/><br/>Annual management fee is part of a fund's expense ratio. Its not a yearly deduction. You won't see your fund's price drop suddenly because they deducted annual management fee. They deduct it usually on a daily basis before they even show you the NAV price. So, the price you see is already net of the expense ratio. </p><p></p>

DIYer

<font size="4">FSM（other distributors also&nbsp;） earns a proportion of the unit trust annual management fee charged by the fund. Note this is <b>not</b> an additional fee (sometimes called a wrap fee), but a share of the fee deducted on a daily basis in the price of the fund </font><p><font size="4">For example, if the fund annual fee is 1.5% and the&nbsp;fund distributor (like FSM) earn 16.7% of that then&nbsp;distributors are receiving 0.25% each year that your investment remains with&nbsp;&nbsp;distributors . This fee received by distributors is&nbsp;called a <b>trailer fee.</b> In this example, if you were investing $10,000 net then&nbsp;&nbsp;distributors would earn $25 each year, assuming the investment remained level. Once you sell the fund&nbsp;&nbsp;distributors stop earning that fee. </font></p><p><font size="4">Most distributors will earn similar trailer fees (large distributors might earn more) which is intended to pay for client servicing.</font></p>