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%.
A transaction fee is a trading fee that is charged by the brokerage firm when you buy or sell shares of a fund. All mutual funds, including no load funds, incur transaction costs, expenses, and other fees that are passed through by the mutual fund to fund shareholders. Costs and other expenses apply to a continued investment in a mutual fund and are described in the fund's current prospectus.