Fund management fees are the main source of income for fund companies, and fund custody fees are the "hard fees" for the custodian bank to perform its custody obligations. It is collected from all fund holders and will not be paid individually. It is directly deducted from the total assets of the fund. The fund income, fund net value, etc. we see are already after deducting these expenses. Collection time is - daily. Both fees are annual rates, spread out and charged daily.

Specific calculation:

Fund management fees are charged by the fund manager. Generally, the management fees on that day are calculated based on the net asset value of the fund on the previous day. The management fees are calculated as follows:

H=E Fund management fees are calculated daily, accumulated day by day, and paid regularly.

The fund custody fee is charged by the fund custodian. Generally, the custody fee on that day is calculated based on the net asset value of the fund on the previous day. The custody fee is calculated as follows:

H＝E×custodial fee year Rate ÷ number of days in the current year

H is the fund custody fee accrued every day; E is the net asset value of the fund on the previous day

Fund custody fees are calculated daily and accumulated day by day. Pay regularly.