Apart from transaction fees, there are ongoing fees (Deducted from the fund investment account):

▸ Management fees: The fee paid to the fund manager for the fund management service

▸ Custodian fee: The fee paid to the custodian for providing custody service

▸ Performance fee (if any): The fee paid to the fund manager for generating positive return

▸ Administration fee: Expenses related to fund administration and operation of the fund

(Source: IFEC – the Chin family – ifec.org.hk)