Fees, trailing 12 months

The realized twelve-month total, as opposed to the annualized figure, which scales one month up to a year. Where both exist, the gap between them is the clearest statement of whether the last month was typical.

Onde induz em erro

An asset that has existed for less than a year shows a partial year here without saying so, which makes it look smaller than its current run-rate.

Como ler um valor alto ou baixo

Compare against the annualized figure rather than reading either alone.