Fees and Charges
Will any entry charge and exit charge be imposed after I invest and withdraw my units respectively?
For investments made under the EPF Members Investment Scheme, the maximum entry charge is 3% of the NAV per unit. Notwithstanding the maximum entry charge shown, investors are advised that they may negotiate for lower entry charge with the distributor prior to concluding the sales.
Please elaborate on the management fee and trustee fee that I may incur when investing in a fund?
The annual management fee is to cover investment management and ongoing fund administration expenses, while the trustee is entitled to an annual trustee fee for acting as custodian of the fund's assets and safeguarding the unitholders interest.
What are the charges for switching from one fund to another or transferring my investments to another person?
Switching fee
- You can switch all or some of your investments from one fund to another by simply completing a switching form. It should be noted that when you switch into a fund, the amount switched must meet the minimum application amount of that fund. You may be charged up to 6% of amount switched, per switch when you switch into any of the funds managed by us. However, we may at our discretion waive or vary the switching fee of any fund to an amount not exceeding 6% of amount switched, per switch.
Transfer fee
- You can transfer all or some of your investments to another person by simply completing a transfer form and signed by both parties (transferor and transferee). A specimen signature card is also required to be filled by the transferee. A fee of RM50 may be charged to the transferor for each account transferred. However, in the case of a deceased person, the transfer fee of RM50 will be waived.
Are they any other fees and charges that I need to be aware of?
Fund expenses
- The Manager and Trustee may be reimbursed out of each fund for any cost reasonably incurred in the administration of the funds. The fund expenses currently include but are not limited to commission payable to brokers (if any), audit fee, tax agent’s fee, printing and stationery, bank charges, investment committee fee for independent directors, lodgment/delivery fee for fund’s reports, and other expenses as permitted by the Deed.
Bank charges/fees
- When withdrawals are made, you may incur bank charges/fees.
Fee related to services provided by the Manager
- Please refer to the fund’s prospectus for further details.
Please elaborate on Management Expense Ratio (MER) and its importance to investors?
The MER is the ratio of all the inherent costs incurred in operating the fund to the average NAV of the fund calculated on a daily basis. The MER which is paid directly from a fund includes the:
- Manager's fee
- Trustee's fee
- Trust expenses
A Fund's MER is calculated in accordance to the following formula:
MER = (Fees of the Fund + recoverable expenses of the Fund) / (Average NAV of the fund calculated on a daily basis x 100%)
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