The Meta Vault charges a 4% performance fee on any underlying asset appreciation on a weekly basis. As an example, if the underlying assets per share increased by 0.1% in the last week, the vault shares will be increased by 0.004% as a fee. If there was 100,000 vault shares, 4 vault shares will be minted as a performance fee. This dilutes the assets per shares of the existing vault shareholders by 0.004%. No performance fee is charged if the assets per share drops.