management fee

Definition

A charge paid to managers of a mutual fund for their services; usually also includes fund administration costs and investor relations. Typically a certain percentage of assets under management.

Use management fee in a sentence

The management fee and other administrative costs levied by a fund can vastly impact the overall return experienced by investors over time.

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The company's 401K plan had a high management fee in their choices of mutual funds, which lead to many people rolling their plans over to a less expensive fund.

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A local real estate company handled the management of rental properties for individuals and were paid 15 percent of the rent collected each month as their management fee.

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