Fee structure

Philipse & Co works on the basis of an all-in fee structure. The size of the fee depends on the size of the assets under investment and the composition of the portfolio.

The all-in fee covers the following charges for management and/or advice:

• Management or advisory fee
• Transaction costs (regardless of transaction volume)
• Foreign exchange charges
• Custody or banking fee
• Administrative charges (such as redemption of bonds, payment of coupons and dividends)

Philipse & Co receives no fees from third parties for the placement, holding or sale of products. Changes to the portfolio and the selection of investments are made exclusively in the interests of the client (see also Active versus Passive).