What is management fee and how does it work?

The management fee is a fee charged by the fund manager, Lion Global Investors (LGI), for the ongoing active management of the fund, of which a portion is paid to MariBank as a distributor.

From 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund charged by the fund manager, Lion Global Investors (LGI), is 0.25% p.a.

How is the management fee charged and reflected in the Unit Price?

The management fee is factored into each day’s reflected Unit Price, and no further deductions are made when fund units are bought or sold.

For example, If the Unit Price on a given day is S$1.0400, the proceeds from selling 1,000 units is exactly S$1,040 with no other charges.

Do my returns include management fee?

Returns shown in the mobile app are after the deduction of the management fee, so you do not have to worry about any further deduction of the management fee from your returns.

For example, if the past 4-week returns shown in-app is 4.00% p.a., no further deduction is required to this figure, as this already takes into account all fees.

Read up more about fees charged on your investments here.