Fees are accrued daily and are included in the calculation of the daily token price for the purposes of dealing.
Management Fee: 2%
- There is a 2% p/a fee for management, administration and custody.
Performance Fee: 20%
- There is a 20% performance fee.
- The performance fee has a hurdle rate of 6% - this means that the performance fee is charged only on interest generated over and above the rate of 6%.