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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.
Last modified 4mo ago