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. 

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