| FUND | INITIATION FEE | ANNUAL MANAGEMENT FEE |
|---|---|---|
| BHELEBANE BALANCED FUND | 2% | 3% |
| INCOME PROVIDER FUND | 2% | 3% |
Initial fees are deducted before the investment is made and cost a maximum of 2% of the funds invested.
Annual management fees are calculated daily, based on the market value of the investment at the end of each day and can be up to 5% of the funds invested.This fee covers expenses such as 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.
We may adjust some or all of the fees, charged in respect of an investment in the Fund.All taxes, duties, administration, transaction and custody charges and brokerage fees will be for the investor's account.
