# Management Fee

*Professional & Ethics — Finicade finance glossary*

The annual charge a fund takes for running your money, quoted as a percentage of assets. It's deducted whether the fund wins or loses, and small differences compound into big drags over decades.

**Also known as:** management-and-performance-fees, fees, high-water-mark

**Related terms:** [Hedge Fund](https://finicade.com/glossary/hedge-fund), [Index Fund](https://finicade.com/glossary/index-fund), [Fiduciary Duty](https://finicade.com/glossary/fiduciary-duty)

**Taught in:** Charter Climb — Alternative Investments

Source: https://finicade.com/glossary/management-fee