Current costs
The “current costs” are specified in the Key Investor Information Document and cover various payments to be settled from the fund assets. These costs may be incurred by payments to the investment fund’s management company, to the custodian bank, any investment advisers or to the statutory auditor. The current costs are calculated at least annually in arrears, and stated as a percentage of the average fund assets. The exact calculation method for these costs is laid down in the law.