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Management Fees
The average management fee rate for 2010 reached 1.31 percent, compared to 1.55 percent for 2009. This decrease was the result of the July 1st introduction of refund rate improvements. Refunds paid to members thus moved from $0.9 million in 2009 to close to $1.4 million in 2010. A universal $2 monthly contribution to fixed costs also took effect in 2010.
Average Fee Rate Evolution

Management Fee Comparison of Bâtirente Funds and Retail Mutual Funds
Value of Fee Refunds Granted to Qualifying Groups
