The bundle fees are charged to cover the ongoing management of each bundle and are charged in the following manner:
Bundle fees are charged as a percentage of the total Rand value of the investment and will range between 0.15% (15 basis points) and 2.0% (200 basis points) depending on the bundle invested in.
1.Initial Bundle Fee: is a once-off fee payable in advance when you first invest in a particular Bundle for the ongoing management of each Bundle you hold and accrues at the beginning of each calendar year (1 January). Where you invest in a Bundle after 1 January, this fee will be reduced proportionately according to the number of days left in that calendar year.
2.Bundle Renewal Fee: is an annual management fee payable each calendar year on the first day of the year for the ongoing management of each Bundle you hold.