PEOPLE OVERVIEW. The 2016 Redwood City, California, population is 85,288. There are 4,385 people per square mile (population density).
In addition to paying the portfolio manager's salary, the management fee covers the cost of the investment manager's staff, research, technical equipment, computers, and travel expenses to send analysts to meet corporate management. While fees vary, the average equity mutual fund management fee is about 1.40%.
Funds roll management fees, administrative costs, and marketing expenses into one package, which is expressed as the expense ratioâand that's the fee you pay annually as a shareholder. When comparing expense ratios, it helps to know what the typical fees are in a given asset class. The median annual fee for a no-load, large-cap fund is 0.95 percent, while the median for small-cap funds is 1.20 percent and for international stock funds, 1.23 percent, according to Morningstar.