Typically, Vaults, which are the target products of Feeds, also charge specific fees (entry, performance, exit, and so on). This factor is considered in the model that drives allocation/rebalancing decisions but should be noted nonetheless. Essentially users are paying two layers of fees. The rationale for this is that it costs to take the work off any investors' hands; there are no free lunches. Automation and diversification have valuable utility. While an investor actively managing their portfolio may (or may not) generate greater net APY, automation does provide value to others that look for ways to make diversification and automation simple and convenient. These investors are willing to sacrifice a small portion of APY for it.