# Fund Expenses Most funds are structured in their LLC Agreement to have the right to pass on certain expenses to the fund, which in turn proportionally bears the cost of such expenses over the course of a given time period across its investors and members. This is commonly known in industry as an "expense ratio." You should consult your fund documents to see exactly what expenses you bear the right to pass on or not, but if you are using Repool's standard fund-in-a-box set up, you'll generally have the right to pass on the following key costs: * Fund formation related expenses * Ongoing annual backoffice services costs * Trading related expenses --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.repool.com/managing-your-fund/fund-expenses.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.