How Do Fees Apply in a Portfolio?
Portfolio fees are intended to replicate management fees placed by advisors on a group of securities.
The Fee option allows you to select from 4 frequencies (never, monthly, quarterly, and annually) which will apply a portion of the annualized rate at the end of each period. For example if you choose a quarterly frequency and an annualized fee of 2%, then 0.5% will be deducted from the portfolio level on 3/31, 6/30, 9/30, and 12/31.
If you have a sleeved portfolio, please be aware that adding a fee on the parent portfolio and the underlying portfolios will add 2 layers of fees, one at the sleeve level and one at the parent portfolio level. Generally we suggest adding fees at only one level of the portfolio.
The Fee option allows you to select from 4 frequencies (never, monthly, quarterly, and annually) which will apply a portion of the annualized rate at the end of each period. For example if you choose a quarterly frequency and an annualized fee of 2%, then 0.5% will be deducted from the portfolio level on 3/31, 6/30, 9/30, and 12/31.
If you have a sleeved portfolio, please be aware that adding a fee on the parent portfolio and the underlying portfolios will add 2 layers of fees, one at the sleeve level and one at the parent portfolio level. Generally we suggest adding fees at only one level of the portfolio.