Fee caps
The fees and expenses that are charged to a MPF fund can have a significant impact on its long-term investment outcome. All other things being equal, when fees are lower, the fund’s net returns will improve.
The DIS uses two mixed assets funds, the Core Accumulation Fund and the Age 65 Plus Fund. The fees and expenses of the two constituent funds are capped as follows:
Fees and expenses of Core Accumulation Fund and Age 65 Plus Fund |
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Management fees |
and |
Recurrent out-of-pocket expenses |
Not more thanper annum of the net asset value of the fund |
Not more thanper annum of the net asset value of the fund |