ðɪ ɚɹˈeɪndʒmənt fˈiː, wˌɪtʃ ɪz jˈuːʒuːəli pˈeɪəbəl ˌʌpfɹˈʌnt, kəntɹˈɪbjuːts ðə lˈiːst ɹᵻtˈɜːn ænd sˈɜːvz tə kˈʌvɚɹ ɐdmˈɪnɪstɹˌeɪɾɪv kˈɔsts.
The arrangement fee, which is usually payable up-front, contributes the least return and serves to cover administrative costs.