Younited Credit earns a servicer and calculation agent fees, as indicated in the monthly fund performance summary. These fees are deducted from the value of the share of the funds.
Total fund costs (circa. 0.3% per year) accounts for the Fund Management Company fees (Eurotitrisation), the custodian fees (BPSS), the Statutory Auditors fees (Mazars) and other costs relating to the fund (INSEE, AMF fee, etc.).
The return communicated each month in the performance report is therefore net of fees and expenses.
Penalties for early withdrawals
Younited Credit may charge a penalty system for redemption requests of units occurring in the first year:
- 2% of the amount of the units redeemed if the redemption request is made within 6 months of their subscription and
- 1% of the amount of units redeemed if the redemption request is made between 6 and 12 months following their subscription).
Beyond 12 months of detention, Younited Credit does not charge any commission in the event of resale of shares.
Other expenses
Younited Credit does not charge any account opening fees, entry fees, custody fees or account closing fees.