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OFEM071100 – EMT Management Fee For Funds
The fee charged for managing the fund. Expressed as a percentage of NAV of the financial product in annualized terms. This fee is included in total ongoing costs. These fees are used by distributors to calculate their retrocession fees.
//The correspondent MiFID II field introduced by the European Working Group with their MiFID Data Dictionary Template (EMT) is: EMT: 07110_Financial_Instrument_Management_fee. This is a Mandatory EMT field.//
| Property | Value |
|---|---|
| OF-ID | OFEM071100 |
| Name | EMT Management Fee For Funds |
| Area | European MiFID Template (EMT) |
| Level | Share Class |
| Format | Decimal number |
| Tags | EMT |
| Introduced in | openfunds 1.26 |
| FinDatEx EMT field | 07110_Financial_Instrument_Management_fee |
Values
Percentage described as a decimal figure, rounded to maximal 7 digits after the decimal point.
Example
0.05 (instead of 5%)
FundsXML 4 mapping
FundsXML EMT block:
RegulatoryReportings/…/FinancialInstrument/CostsAndChargesExAnte/Fund/ManagementFee
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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