Hi guys - I have a question about FGX. It says the investment managers have waived their fees and there is an overall 1% fee that goes to kids charities. The fund appears to make investments in the funds managed by all of the listed fund managers rather than making direct investments, so it's a fund of funds. Does this mean that if FGX makes an investment in a Wilson fund, for example, are no fees applicable to the Wilson fund for FGX's investment (it gets a free ride) or are fees still paid and the 1% is really an additional fee sitting on top of the fund fees paid within each fund investment? Thanks.
Ann: Investment Update & NTA December 2016, page-2
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