Fees
Fondee charges an annual fee of 1.09% of the value of your investments. Once a month, 1/12 of the annual fees are deducted, i.e. 0.09% of the value of your portfolio. With CZK 200,000 you would pay CZK 180 per month. Monthly fees are calculated from the final portfolio value on the last trading day of the month and are deducted at the beginning of the following month.
All costs associated with your investment.
Only when you sign the contract with Fondee, send the money, and it is invested. Until then you pay nothing.
Approximately 2% of your portfolio value is held in cash, from which the fees are deducted.
You pay Fondee 0.9% annually. VAT of 21% is also charged, which for standard portfolios works out at 0.19% of the portfolio value annually. The ETFs themselves charge minor fees that you don't directly see, as they are already included in the performance of the ETF funds. They can be found in the so-called Key Information Documents (KID). This information is freely available in the client zone for each ETF.
Currency conversions occur mainly when your deposits are received in a currency other than EUR (e.g. CZK), or when you request a withdrawal in a currency other than EUR, and also in other cases such as receiving a bonus in CZK or crediting a dividend in USD.
In all cases, the current market rate provided by the relevant bank is used for conversion. The rate is offered to the company within the spread agreed between the relevant bank and the company and always reflects the current market situation (at the given moment).