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%.
Some mutual funds include marketing expenses in their total expense ratio. These fees are often listed as 12b-1 fees, which refers to the SEC rule that authorizes fund companies to charge them. Note, however, that some fund costs are not included in the total expense ratio.