provided investment Switching costs (costs that can service(s). be incurred by investors by switching from one investment firm to another investment firm). On-going charges related to All on-going costs and Management fees, the provision of an investment charges paid to investment advisory fees, service firms for their services Custodian fees. provided to the client. All costs related to All costs and charges that are Broker commissions (costs that transactions initiated in the related to transactions are charged by investment course of the provision of an performed by the investment firms for the execution of investment service firm or other parties. orders), entry- and exit charges paid to the fund manager, platform fees, mark ups (embedded in the transaction price), stamp duty, transactions tax Foreign exchange costs. Any charges that are related Any costs and charges that Research costs. to ancillary services are related to ancillary Custody costs. services that are not included in the costs mentioned above. Incidental costs Performance fees Table 1 of Annex II of MiFID Delegated Regulation Investment Product Costs All costs and associated charges related to the financial instrument that should form part of the amount to be disclosed. Cost items should be aggregated as per the first column in Table 2 Annex II of the MIFID II Delegated Regulation, which is set out below. This table refers to both Ex-Ante and Ex-Post disclosures. Table 2 Cost items to be disclosed Description Examples One-off charges All costs and charges Front-loaded management fee (included in the price or in Structuring fee (fees charged by addition to the price of the manufacturers of structured financial instrument) paid to investment products for product suppliers at the structuring the products. They beginning or at the end of the may cover a broader range of investment in the financial services provided by the instrument. manufacturer) Distribution fee.
provided investment service(s). Switching costs (costs that can be incurred by investors by switching from one investment firm to another investment firm). On-going charges related to the provision of an investment service All on-going costs and charges paid to investment firms for their services provided to the client. Management fees, advisory fees, Custodian fees. All costs related to transactions initiated in the course of the provision of an investment service All costs and charges that are related to transactions performed by the investment firm or other parties. Broker commissions (costs that are charged by investment firms for the execution of orders), entry- and exit charges paid to the fund manager, platform fees, mark ups (embedded in the transaction price), stamp duty, transactions tax Foreign exchange costs. Any charges that are related to ancillary services Any costs and charges that are related to ancillary services that are not included in the costs mentioned above. Research costs. Custody costs. Incidental costs Performance fees Table 1 of Annex II of MiFID Delegated Regulation Investment Product Costs All costs and associated charges related to the financial instrument that should form part of the amount to be disclosed. Cost items should be aggregated as per the first column in Table 2 Annex II of the MIFID II Delegated Regulation, which is set out below. This table refers to both Ex-Ante and Ex-Post disclosures. Table 2 Cost items to be disclosed Description Examples One-off charges All costs and charges (included in the price or in addition to the price of the financial instrument) paid to product suppliers at the beginning or at the end of the investment in the financial instrument. Front-loaded management fee Structuring fee (fees charged by manufacturers of structured investment products for structuring the products. They may cover a broader range of services provided by the manufacturer) Distribution fee.
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