Definitions for "Annual management fee"
yearly fee charged by mutual funds for managing your investments. Annual management fees typically range from 1% to 2% of the assets under management.
The annual management fee charged on your investment is to cover the cost of fund management, administration, development and marketing.
Annual fee charged by the mutual fund company to investor to, in part, pay the professional fund manager of the investment. Usually range from 0.25% to 1.5% of assets held. Deducted automatically from investors' accounts. Higher management fees do not assure superior fund performance.