Glossary

Management Fee

Management fee is a cost which charged to investment manager in order to manage the mutual fund, this cost include: a. Preparation costs for issuance of mutual funds, b. portfolio management administrative costs, c. marketing and promotion costs, d. Cost of printing and distribution of forms, e. The cost of announcement at the time of issue, f. Third party fees such as Legal Consultants, Notaries, and others required in mutual funds.

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