Loan calculation and servicing fees
Younited Credit charges calculation agent and servicing fees on its funds as indicated in the monthly reports which are reflected in the unit value of the funds.
Other expenses
Total fund expenses (approx. 0.3% p.a.) include the fees of the fund management company (Eurotitrisation), the custodian (BPSS), the auditors (Mazars) and other fund-related expenses (INSEE, AMF fees, etc.).
The return communicated each month is therefore net of fees.
Penalties for early withdrawal
Younited Credit has introduced a penalty system for share redemption requests in the first year:
– 2% of the amount of shares redeemed if the redemption request is made within 6 months of subscription, and
– 1% of the amount of shares redeemed if the redemption request is made between 6 and 12 months after subscription).
After a 12-month holding period, Younited Credit does not charge any commission on the resale of shares.
Other expenses
Younited Credit does not charge any account opening fees, entry fees, custody fees or account closure fees.
