Fee Mechanism

  • Calculation: The protocol fee is calculated every time the redemption NAV is updated. It is calculated according to the following formula:
    Recorded NAV * Total Number of Shares * Management Fee Rate / 360 * Number of Days since the Last Fee Calculation
  • Payment: The protocol fee is also paid to the fund operator by issuing additional fund shares, while deducting the corresponding protocol fee from the total assets to recalculate the NAV.