Calculated by one year. Generally speaking, it is not sexual intercourse, specifically, it is accrued according to the number of days. Because the net value of the fund changes every day, not according to the money when you buy it, but according to the net value.

In addition, it should be clear that management fees are earned by fund companies and custody fees are earned by banks.

Management fee calculation: [t-day net value * total fund shares] * 1.5%]/365, accrued daily and distributed once at the end of the month.

Custody fee: [t-day net value * total fund shares] *0.5%]/365, withdrawn daily and distributed once at the end of the month.

If it is a leap year, divide it by 366.