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@greg_morris2, I think the calculation is actually based on current fees. For example, if a strategy manager charges $100 per month for 23 months and then raises their price to $200 in the 24th month, the calculation will will assume the $200 per month for that whole 24 months. Thus the number can become a bit skewed vs real life numbers.
Indeed, I just did a little digging and see that
