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.