Subscription & Redemption Fees

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• Subscription Fee: The subscription fee for GLAM products is charged when investors purchase shares, calculated either as a percentage of the investment or as a fixed amount. This fee is set within a range determined at the product level, but specific rates can vary across different share classes within the same product, adhering to minimum and maximum limits.

• Redemption Fee: The redemption fee applies when investors sell their shares back to the product. It may be calculated as a percentage of the redemption value or as a fixed amount, with the overall range established at the product level. Within these limits, each share class can have its own fee structure, offering flexibility in fee assessments tailored to the specifics of each share class.

Both fees are integral to the product's fee structure, influencing the net returns on shareholder investments. The specific fee configurations for each share class align with the broader parameters set at the product level, ensuring uniformity and clarity across investment options.