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.
There is more information on how the fee rebate works on section 5 of the Additional Information Document.