> For the complete documentation index, see [llms.txt](https://teragon.gitbook.io/teragon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://teragon.gitbook.io/teragon/teragon-bastion-managed-vault/fee.md).

# Fee

Management fee: 0%

Performance fee: 10% (annualized) (crystallized quarterly)

Redemption fee: 0.5%