You do not pay any fees to Versa when investing in the Invest funds. However, there are relevant fees paid to the fund managers as shown below:
Core Portfolios (Versa Growth & Versa Moderate)
- Annual Management fee: 1% per annum
- Sales Charge: 0%
- Redemption Fee: 0%
- Trustee fee: 0.04% per annum
Thematic Portfolio (Versa REITs & Versa Gold)
- Annual Management fee: 1.80% p.a for Versa REITs, 0.30% p.a for Versa Gold
- Sales Charge: 0%
- Redemption Fee: 0%
- Trustee fee: 0.07% per annum for Versa REITs, 0.03% p.a for Versa Gold
*Versa Growth & Moderate 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.