When investing in the Invest funds through Versa, you will not incur any fees from Versa. However, the fund managers will charge the following fees:
Core Portfolios (Versa Growth & Versa Moderate)
- Annual Management fee: 1% per annum
- Trustee fee: 0.04% per annum
*Versa Growth & Moderate is also subjected to fund-level fees of 0.6% ~ 0.76% per annum.
Thematic Portfolios (Versa REITs & Versa Gold)
- Annual Management fee: 1.80% p.a for Versa REITs, 0.30% p.a for Versa Gold
- Trustee fee: 0.07% per annum for Versa REITs, 0.03% p.a for Versa Gold
How and when am I charged for the fees associated with using Versa?
You do not need to take any action. All relevant fees will be calculated and accrued daily and paid to the manager on a monthly basis. These fees are calculated based on the NAV of the day the fees are calculated.