The custody fee of the fund is included in the fixed cost. The proportion of fund custody fee is related to the scale of the fund and the region where it is located, and the income of custody fee is directly proportional to the scale of custody. In some countries and regions, custodians also expand their income sources by providing value-added services such as performance evaluation and accounting. Custody fees are extracted from fund assets, and the rates will be different according to different types of funds. The proportion of custody fees charged by emerging market countries and regions is relatively high. The international annual rate of custody fee is usually about 0.2%. At present, China's closed-end funds withdraw fund custody fees according to the proportion of 0.25%, while open-end funds withdraw funds according to the proportion agreed in the fund contract, usually less than 0.25%; The custody rate of stock funds is higher than that of bond funds and money market funds. According to China's regulations, the fund custodian can negotiate to reduce the fund custody fee as appropriate, and make an announcement after approval by the China Securities Regulatory Commission, so there is no need to convene a fund holders' meeting.
It must be pointed out that fund management fees and custody fees are the remuneration received by managers and custodians for providing services to the fund, and they are the business income of managers and custodians. The management fee and custody fee rates are generally agreed in the fund contract or the articles of association of the fund company after being approved by the fund supervision department, and shall not be changed at will. Expenses incurred by fund managers and custodians due to non-performance or incomplete performance of obligations or loss of fund assets, as well as expenses incurred due to handling matters unrelated to fund operation, shall not be included in fund management fees and custody fees.