> For the complete documentation index, see [llms.txt](https://quant-fun.gitbook.io/quant.fun-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://quant-fun.gitbook.io/quant.fun-docs/for-users-vaults/fees.md).

# Fees

Our vaults enable access to exceptionally talented money managers, and your deposits essentially copy trade them. For providing this technology, Quant.Fun and its partners charge standard fees.

#### General Fee Structure <a href="#general-fee-structure" id="general-fee-structure"></a>

Quant.Fun vaults typically follow a fee structure of:

* **Directional Vaults:** 0% Management Fee, 30% Performance Fee
* **Growth Vaults:** 1% Management Fee, 0% Performance Fee

{% hint style="info" %}
**Fees can never be raised on our vaults; they do not change.**
{% endhint %}

#### Management Fees <a href="#management-fees" id="management-fees"></a>

* Management fees are collected as a percentage of assets managed for a given vault.
* **Example:** Alice deposits $100 in Vault A earning 10% APY with a 1% management fee. After one year, Alice will have earned \~$9 in equity and have paid \~$1 in management fees.

#### Performance Fees <a href="#performance-fees" id="performance-fees"></a>

* Performance fees are collected as a percentage of profits earned by that vault.
* **Example:** Bob deposits $100 in Vault B which has a 30% performance fee. After a year, Vault B has returned a 200% gross return, doubling Bob's original investment. Bob gets to keep $170 while $30 in performance fees is automatically deducted.