What Are Escrow Fees?
Fund custody fee refers to the fee charged by the fund custodian for the service provided by the fund, such as the fee drawn by the bank for the custody and disposal of the trust assets of the fund. Custodian fees are usually drawn based on a certain percentage of the fund's net asset value, which is currently usually 0.25%, accrued on a daily basis and paid to the custodian monthly. This fee is also paid from the fund assets and does not need to be collected from investors separately.
Custody fee
Right!
- Chinese name
- Custody fee
- Foreign name
- Custodian fee
- Definition
- Fees charged to the fund for its services
- Main body
- Fund Custodian
- Fund custody fee refers to the fee charged by the fund custodian for the service provided by the fund, such as the fee drawn by the bank for the custody and disposal of the trust assets of the fund. Custodian fees are usually drawn based on a certain percentage of the fund's net asset value, which is currently usually 0.25%, accrued on a daily basis and paid to the custodian monthly. This fee is also paid from the fund assets and does not need to be collected from investors separately.
- The ratio of fund custody fee collection has certain relationship with fund size and fund type. Generally, the larger the fund size, the lower the fund custody fee. Emerging market countries and regions charge a relatively high percentage of custody fees. The annual rate of fund custody fees is usually around 0.2% internationally; 0.2% in the United States, 0.25% in China, Taiwan, and Hong Kong. At present, China's closed-end funds accrue fund custody fees at a rate of 0.25%; open-end funds accrue according to the stipulated proportion of fund contracts, which are usually lower than 0.25%; the equity fund custody fee rate is higher than bond funds and money market funds Hosting rates.