CHANGE IN MANAGEMENT FEE AND SELLING & MARKETING EXPENSE
September 17, 2021
The Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective September 17, 2021, Management Fee and Selling & Marketing Expenses in Meezan Rozana Amdani Fund (“MRAF”) will be accrued as per below mentioned schedule;
| Fund | Management Fee* | Selling & Marketing Expense |
|---|---|---|
| Meezan Rozana Amdani Fund (“MRAF”) | 0.15% | 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.