QUOTE(iampokemon @ Jan 18 2017, 07:52 PM)
Guys, I'm not sure if this is answered before but what does is means by annual expense ratio 1.69%?
From what I see it should be 2% + 1.5% + 0.07% = 3.57% per annum?
And min fee of RM18,000 per annum means this is the minimum amount I need to put in the fund?
This is quite confusing.
FUND CHARGES
Fundsupermart's Discounted Initial Sales Charge* 2 %
Annual Management Charge* 1.5 %
Trustee Fee* 0.07% of NAV or subject to a minimum fee of RM18,000 per annum.
Other Significant Fees* Switching Fee: RM 25.00
Annual Expense Ratio ^ 1.69% (as of December 31, 2015)
Minimum trustee fee is 18000.
Let's say 0.07% of all NAV of all units is less than 18000, they'll pay 18000 to the trustees.
The annual expense ratio would be 1.57% if the total value of the fund is >=18000/0.0007
Otherwise, it's 1.5%+18000/(total value)*100%.
Of course, slightly more complicated as they factor it in daily.