The annual management fee of the company is a periodic fee paid to the management company of the private pension fund, calculated on the basis of an annual percentage according to the net value of the assets of the pension fund. The annual Management Fee will be withheld from the Net Asset Value of the Fund and will be up to the amount of 1.2% per year. The Management Fee will be calculated daily and will be withheld on the last day of each month, as the sum of all daily values of the respective month and is paid on the first 10th day of the following month.
The management fee will be calculated according to the formula:
Annual management fee (in %) = 1.2% x net value of the assets of the fund on that day / Calendar days of the financial year.
The management fee is deducted from the gross income realized from the assets of the Fund. In this way, the net income belongs to the members.
