What is the Market+ fee structure?

Modified on Fri, 21 Jun at 10:26 AM

Save charges a per annum management fee for the Market+ investment program that is a combination of an administration fee and an advisory management fee. These fees are calculated at the time of the application and remain fixed throughout the Program term.

Administration Fee	Advisory Management Fee
0.075%^a 0.25% * (1-(guaranteed rate / MYGA annuity rate))	0.162%^a 0.54% * (1-(guaranteed rate / MYGA annuity rate))

Administration Fee. Save will collect the administration fee at the beginning of each term year.

Advisory Management Fee. Save collects the advisory management fee at the end of each term year only if the market-based investment return exceeds the combined administration fee and advisory management fee either during the term year or over the three-year program term.

Annual advisory fees are collected:

If, at the end of a given term year, the one-year market-based investment return exceeds the combined administration fee and advisory management fee.

Any uncollected advisory fees are collected:

If, at the end of the three-year market-based investment program term, the three-year cumulative market-based investment return exceeds the cumulative three-year combined administration fee and advisory management fee.

^a All fees shown above are calculated as of May 13, 2024.