Education

Fees borned by Mutual Funds:

• Management fee
• Custodian fee
• Securities transaction and registration fees
• Fees for accountants who audit the Mutual Fund Annual Financial Statements
• Printing and delivery costs for prospectus renewal, financial reports, distribution costs for transaction confirmation letters, monthly reports and other reports (if any) required by the Regulations
• Fees charged by integrated investment management system providers (S-INVEST fee charged by KSEI), and
• Payment of taxes relating to these costs.

Fees borned by Investor

• Subscription fee, if any
• Redemption fee, if any
• Switching fee, if any
• Bank transfer fee related to the subscription, redemption or switching fee, if any

Fees borned by the Investment Manager

• Preparation costs for Mutual Fund establishment;
• Mutual Fund management administrative costs such as phone, facsimile, photocopy and transportation cost
• Marketing costs;
• Printing and distribution costs for account opening forms and transaction forms;
• Costs for printing and distributing the Prospectus for the first time;
• Mutual Fund liquidation fees; and

A more complete information of fees can be seen in the Prospectus of each Mutual Fund.