Run-rate cost for a mutual fund or unit trust. Charged against income. It covers directors’ remuneration, administrative and audit fees, and shared registration expenses. Generally tallies to 0.5 percent of assets under management.

More On This Topic

Link to This Definition
Did you find this definition of MANAGEMENT EXPENSES helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary