Redeeming Funds

Written notice of a request for redemption of fund units must be given to the Fund Management Company. It may also be necessary to forward a unit certificate to the Fund Management Company. Redemption orders received by 1 p.m. (GMT +2) shall be executed at the value calculated at the Fund Management Company on the same banking day. The redemption price is paid to the client's bank account and a redemption confirmation is sent to the client. If the Fund Management Company does not have to sell securities in order to execute the redemption order, the redemption price is paid the following banking day.

Fees

The redemption fee is 1% or a minimum of 15 euros. No redemption fee is charged for transfer from one Fondita Fund Management Company administered fund to another. 

The fund administration fee is 2% per year and the custodian fee is 0.05% per year. The daily fund unit value reflects the deducted administration and custodian fees.

Total client relationships allow for changes in tariff rate.