Fees & Charges

Service Charge
The initial cost that an investor may incur in relation to investing in unit trusts is the initial service charge (sometimes also called the service, sales, front end, entry, or ‘up front’ fee). This fee is levied primarily to cover the marketing and distributing of units as well as monitoring of investments by the unit trust consultant for the duration the unit trusts is held.

Annual Management Fee
Annual management expenses include expense for portfolio management, trustee and custody fees, audit fees, administrative costs and other services properly incurred in the administration of the fund. These costs are paid out of the fund’s assets.

Exit Fee
Sometimes referred to as the repurchase charge or redemption charge. This fee represents a deduction by the fund house from the proceeds of disposal of an investor.

Trustee Fee 
The annual trustee fee is a fee paid to the Trustee for the custodial management and administration of a Fund’s assets such as transaction settlement, custody and administration costs amongst others.

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