NO.PZ202206140600000303
问题如下：
Using Exhibits 1 and 2, the manager who earned the highest fee in Year 2 is:选项：
A.ABC. B.DEF. C.GHK.解释：
Solution
C is correct. GHK earns a sharing fee of 20% of its 6.0% active return for positive performance above the 1% base, for a total of 2.2%. This fee is higher than the other manager fees, as shown in the following table:
A is incorrect. ABC earns 1.85%, which is below the fees earned by the other managers.
B is incorrect. DEF earns its base fee of 2.0%, but this fee is less than the 2.2% earned by GHK.
如果DEF的return是大于0，而小于base fee，是不是DEF也是no performance fee，只收base fee？
