What is a Management Fee?

Annual remuneration paid to the manager for managing the fund. The management fee is expressed as a percentage of the fund's assets. This fee is ""all inclusive"" in that it includes the fee of the Manager, Administrator, Investment Adviser and the basic fee of the Custodian and, except for the Clariden Russia Equity Fund, the fee for safe custody services rendered by the Custodian and the Sub-Depositary Bank and the exercise of controlling functions by the Custodian.