NO.PZ201909300100002401
问题如下：
1 Based on Exhibit 1, which fund has a symmetrical fee structure?
选项：
A.Red Grass
Blue Water
Yellow Wood
解释：
C is correct.
A symmetrical fee structure is one in which the fees are affected by both positive and negative performance. Of the three funds in Exhibit 1, only Yellow Wood has a symmetrical structure. Yellow Wood’s profit sharing component will be negative if its return is negative and positive if it is positive.
为何不选第二个，有上下限，不也是对称的吗？
