The management fee is deducted at the fund level as it is calculated on gross asset value of the fund. It is accrued daily and is payable in arrears on a monthly basis.
You will be able to see this fee when the audited financial reports are issued.
For your first $5,000 invested, we will rebate the fee from our own funds. The rebate is calculated and reinvested in the same fund each day. Read section 5 of the Additional Information Document for more information on how the fee rebate works.