CHANGE IN MANAGEMENT FEE AND ALLOCATED EXPENSES
Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective June 1, 2021, Management Fee and Allocated Expense in MRAF will be accrued as per below mentioned schedule
|Fund||Management Fee*||Allocated Expense|
|Meezan Rozana Amdani Fund (“MRAF”)||0.20%||0.00%|
* As per constitutive document, following is the allowed limit of charging Management fee in MRAF;
* MRAF Up to 3.5% of gross earnings.