Yes, policy of 'lesser cost'. To get around this - whether to use loaded units or low-load units as I like, I'm using different funds to separate the low-load and loaded units... a bond fund for the low-load units, and a money-market fund when switching out from equity funds.

BTW switching is only in terms of "units", not ringgit; minimum 1000 units in a switch no matter whether the nav price is 0.22 or 1.04. So, need to be careful that any balance in any fund is not less than 1000 units.

Try not to have any preconceived ideas and assumptions in your mind when processing new info.    It has nothing to do with FIFO (first in first out) or LIFO (last in first out) method.

Policy of lesser cost means that Public Mutual will try to make the cost as low as possible in the switch.

If they switch out the low-load units, it will be a charge of 2.75% (if it is an EPF account) or 5.25% (normal account) .

If it is loaded units, it will be either a flat RM25 (if the units are older than 90 days) or 0.75% (and a minimum RM50 if the 0.75% is less than RM50).

So the least cost is usually switching out the loaded units as these units have already been charged the service fee; and so only paying the switching fee of RM25.

In your case, it would be better to switch out exactly 1034.24 units or do a full switch. It will simplified matter, and leaving no room for error and dispute; as switching out more units (say 1200 units) can screw up things and the switching fee may not be what you expected it to be.

If say you switched out 1000 units, and later the remaining 1007.80 units (34.24 loaded units and 973.56 low-load units). The first switch should be RM25 (if 90 days or more).

The 2nd switch of 1007.80 units could MAYBE be counted as 2 transactions. RM25 for the 34.24 loaded units; and the usual service charge (less 0.25%) on the 973.56 low-load units.  (You would have saved RM25 if you do a full switch instead!)

Now, do you see my reason in not putting loaded units into a fund consisting of low-load units?