10X Umbrella Fund Fees
There are two 10X Umbrella Fund fees.
- A monthly administration fee that varies by company depending on size, employee turnover and number of paypoints. Request a presentation to get a quote.
- An investment management fee calculated as a % of the aggregate investment value using the following sliding scale. Your fee ex. VAT will never exceed 1%. See below.
Investment management fee scale
| Investment Value | 10X Fee pa (ex VAT) |
|---|---|
| First R1 000,000 | 0.90% |
| R1 000 000 – R10 000 000 | 0.70% |
| R10 000,000 – R25 000 000 | 0.50% |
| R25 000,000 – R100 000 000 | 0.30% |
| Above R100 000 000 | 0.25% |
You do not incur fees when you join the umbrella fund, when you resign or retire from the fund, or when you transfer your investment to or from the fund.
The umbrella fund costs (eg fees for audit, regulation, trustees, etc.) are borne by 10X Investments.
Trading costs, incurred when buying and selling securities (related mainly to brokerage and tax), are typically less than 0.2% of the average investment value per annum. All funds incur trading costs but these are seldom disclosed.