Why don't you write a nice note to management? Maybe they'll lower the fees!

Alternatively, take a look at RWO, which essentially has had the same performance and is more than 60 basis points cheaper. If you keep RWO for ten years, you'll get to keep an extra 6% - while not having to worry about some portfolio manager making the wrong moves.

(If you want exposure to the US market also, look at RWX.)

In 2009, owning managed funds is a sucker's game, with very few exceptions. Go with unmanaged exchange traded index funds. They're much cheaper and if you're not a trader but a long-term investor, index ETFs will make you richer.