1. Fund management fee: the fund management fee is the remuneration paid to the fund manager, which is generally calculated on a daily basis according to a certain proportion (annual rate) of the net asset value of the fund, extracted from the fund assets and paid regularly. Fund management fee is the main source of income for fund managers. The fund manager's own expenses cannot be spread into the fund or fund company, nor can they be charged to investors. Daily management fee = calculated daily fund net asset value x management fee ÷ days of the year.
2. Fund custody fee: Fund custody fee refers to the fee charged by the fund custodian to the fund or fund company for providing custody services for the fund. Custody fees are usually drawn according to a certain proportion of the fund's net asset value, calculated and accumulated daily, and paid to the custodian regularly. Custody fee accrued daily = net asset value of the fund on the calculation day x custody rate ÷ days of the year.
3. Other expenses include registration fee, seat rental fee, securities trading commission, lawyer's fee, accountant's fee, information disclosure fee, holder's meeting fee, etc.
Legal basis:
Interim Measures for the Supervision and Administration of Private Investment Funds
Article 4
Private fund managers and institutions engaged in private fund custody business (hereinafter referred to as private fund custodians) manage and use private fund property, institutions engaged in private fund sales business (hereinafter referred to as private fund sales institutions) and other private fund service institutions engaged in private fund service activities shall fulfill their duties and fulfill their obligations of honesty, credibility, prudence and diligence. Private equity fund practitioners shall abide by laws and administrative regulations, and abide by professional ethics and codes of conduct.