Definition: the remuneration received by the fund manager for managing and operating the fund.

Rate: the ratio of annual management fee to net asset value-0.33% for money market fund, 0.65% for bond fund and 0/%~1.6% for stock fund.

2. Custody fee

Definition: the fees charged by the fund custodian for providing services to the fund, such as the fees charged by the bank for keeping and disposing of the trust property of the fund.

Rate: The annual custody fee is about 0.25% of the net asset value of the fund.

3. Operating expenses

Definition: Including payment of CPA fees, attorney fees, annual membership fees, printing and production fees for interim and annual reports, handling fees for buying and selling securities, etc.

Ratio: The ratio of annual operating expenses to net asset value is very small. Generally, it is not public.