Fees
Definitions for the fee section of the fund portrait:
Field | Description |
|---|---|
Issuemarkup | One-off payment for advice and distribution, payable on acquisition of a fund. It usually amounts to three to five percent. The front-end load is usually calculated on the redemption price, i.e: Redemption price + issue premium = issue price |
Redemptionfee | Fee charged to the investor on the redemption price. |
Deposit fee | The custodian bank receives a fee for its safekeeping activities, which is not charged directly to the investor but is paid from the fund assets. It is therefore detrimental to the performance of the fund. |
Managementfee | The KVG receives this remuneration for managing the fund (therefore also known as the management fee). The fee is not charged directly to the investor but to the fund and is therefore charged to the fund's performance. |
Performance-related fee | Is a performance-related fee charged? |