You do not pay any fees to Versa when investing in the Versa Invest funds. However, there are relevant fees paid to the fund managers as shown below:
- Annual Management fee: 1% per annum
- Sales Charge: 0%
- Redemption Fee: 0%
- Trustee fee: 0.04% per annum
*Versa Invest is also subjected to fund level fees of 0.6% ~ 0.76% per annum.
How and when am I charged for the fees associated with using Versa?
There are no actions needed on your part.
All relevant fees are calculated and accrued daily and payable monthly to the manager. These fees are charged on the NAV of the day the fees are calculated.