Bursary - MPF Fees

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MPF Fees

The fees of the two University's MPF schemes are shown below:

Constituent Fund		FRMT	RCM MPF Plan (6)
Constituent Fund		Revised Net Fee after deducting Fee Rebate (3) with effect from 1/10/2007 (% of net asset value per annum)	Revised Net Fee after deducting Fee Rebate (4) with effect from 2/6/2008 (% of net asset value per annum)
Capital Preservation Fund	Regular Contributions (1)	1.36%	1.03%
Capital Preservation Fund	Transfer-in Assets (2)	1.21%	0.83%
MultiManager Lifecycle Funds	Regular Contributions (1)	1.77%	/
MultiManager Lifecycle Funds	Transfer-in Assets (2)	1.62%	/
SaveEasy Funds (5)	Regular Contributions (1)	1.57%	/
SaveEasy Funds (5)	Transfer-in Assets (2)	1.42%	/
Other Funds	Regular Contributions (1)	1.57%	1.33%
Other Funds	Transfer-in Assets (2)	1.42%	1.18%

Regular contributions mean assets contributed following the establishment of membership in Fidelity Retirement Master Trust (FRMT) or RCM MPF Plan.
Transfer-in Assets mean initial assets transferred into FRMT or RCM MPF Plan.
Upon fee reduction, the previous fee rebate on regular contributions no longer exists. FRMT however maintains a fee rebate of 0.15% p.a. for transfer-in assets.
“Capital Preservation Fund” - Upon fee reduction, the previous discount of 0.2% p.a. for regular contribution will be changed to 0.1% p.a. Discount for transfer-in assets, after fee reduction, will be remain unchanged.
SaveEasy Funds are new additional investment funds which introduced by FRMT on 27th October, 2008.
RCM MPF Plan formerly known as Allianz Global Investors MPF Plan.