Annual fund charges
All investors in our funds pay annual fund charges. These are charged to the fund and are reflected in the unit price. Because they are part of the unit price, they also affect the returns you receive.
- These charges are shown on your statement as a management fee which includes expenses.
- We cap our expenses to ensure early investors into the funds are not unfairly charged.
- The annual fund charges are calculated and accrued daily and reflected in the unit price. The management fee is paid monthly to us.