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.

오해를 유발하는 부분

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.

높은 값 또는 낮은 값 해석

Compare against the annualized figure rather than reading either alone.