I got the following message from SBI concerning a reduction in fees for the eMaxis Slim mutual funds:
So, good news!
平素は格別のご高配を賜り、厚く御礼申し上げます。
本お知らせは、2023/9/22(金)時点で対象投資信託を保有、または積立買付の設定をされているお客さまにお送りしております。
さて、下記対象投資信託につきまして、2023/9/8(金)より信託報酬率の引き下げが行われております。
これに伴いまして、投信マイレージサービスのポイント付与率も、2023年10月適用分より下記のとおり変更いたしますので、お知らせいたします。
何卒ご理解賜りますよう、お願い申し上げます。
記
【投信マイレージサービスのポイント付与率】
銘柄名(委託会社からのお知らせ) 対象投資信託の月間平均保有金額に対し
変更前 変更後
eMAXIS Slim 全世界株式(3地域均等型) 年率0.0415% ⇒ 年率0.0175%
eMAXIS Slim 全世界株式(オール・カントリー) 年率0.0415% ⇒ 年率0.0175%
eMAXIS Slim 全世界株式(除く日本) 年率0.0415% ⇒ 年率0.0175%
Reduction in fees for eMaxis Slim series of mutual funds
- Roger Van Zant
- Veteran
- Posts: 580
- Joined: Tue Sep 01, 2020 7:33 am
- Location: Kyushu
Reduction in fees for eMaxis Slim series of mutual funds
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Re: Reduction in fees for eMaxis Slim series of mutual funds
Did all country's management go down 90% in a year or am I going crazy?
That's amazing news for us.
On Rakuten its still 0.05775% so not sure if what SBI is telling you is the full amount or there's some variance per broker.
That's amazing news for us.
On Rakuten its still 0.05775% so not sure if what SBI is telling you is the full amount or there's some variance per broker.
Re: Reduction in fees for eMaxis Slim series of mutual funds
It's not a message saying they are reducing the management fees, but a message about how SBI are going to be paying back a lower rate of T-Points to their customers holding those funds in response to the recent eMAXIS fee reduction. See my posts here.
- Roger Van Zant
- Veteran
- Posts: 580
- Joined: Tue Sep 01, 2020 7:33 am
- Location: Kyushu
Re: Reduction in fees for eMaxis Slim series of mutual funds
Oh, my bad.
Thank you for the correction.
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Re: Reduction in fees for eMaxis Slim series of mutual funds
I take the chance to ask something that has been bugging me for a while.
I buy my eMaxis Slim all countries on Rakuten.
When do the fees (0.05775% ? ) affect me?
At the time of buying and then later on at the time of selling?
Or is a recurring annual fee which will affect the amount of shares I own over time?
I know it is a very basic question, but I am still struggling with the basics apparently.
I buy my eMaxis Slim all countries on Rakuten.
When do the fees (0.05775% ? ) affect me?
At the time of buying and then later on at the time of selling?
Or is a recurring annual fee which will affect the amount of shares I own over time?
I know it is a very basic question, but I am still struggling with the basics apparently.
Re: Reduction in fees for eMaxis Slim series of mutual funds
According to investopedia
How often are mutual fund management fees charged?
A shareholder pays the fee on a daily basis through an automatic reduction in the price of a fund. It can be difficult for the average investor to get a feel for how much is being paid for any particular fund. Mutual-fund expense ratios vary greatly from one investment category to another.
Re: Reduction in fees for eMaxis Slim series of mutual funds
Thank you zeroshiki.
Obviously I am below average when it comes to investing.
I used the wording in your reply to ask chatGPT for clarifications ... that helped too.
I have read several books on the matter, I have zero doubts on the importance of low fees, but I haven't had a "aha!" moment, yet.
Good thing I am already buying the cheapest one, so that I have no reasons to worry even if I do not understand its mechanics.
Obviously I am below average when it comes to investing.
I used the wording in your reply to ask chatGPT for clarifications ... that helped too.
I have read several books on the matter, I have zero doubts on the importance of low fees, but I haven't had a "aha!" moment, yet.
Good thing I am already buying the cheapest one, so that I have no reasons to worry even if I do not understand its mechanics.
Re: Reduction in fees for eMaxis Slim series of mutual funds
I was there, mikele3, and asked a similar question in this topic:mikele3 wrote: ↑Mon Oct 16, 2023 9:14 am I buy my eMaxis Slim all countries on Rakuten.
When do the fees (0.05775% ? ) affect me?
At the time of buying and then later on at the time of selling?
Or is a recurring annual fee which will affect the amount of shares I own over time?
I know it is a very basic question, but I am still struggling with the basics apparently.
https://www.retirejapan.com/forum/viewtopic.php?t=3163
Re: Reduction in fees for eMaxis Slim series of mutual funds
Thank you Mrblobby.
I read through the discussion you shared. ... it helped, but I might have follow up questions, which I will ask there
I read through the discussion you shared. ... it helped, but I might have follow up questions, which I will ask there
Re: Reduction in fees for eMaxis Slim series of mutual funds
Looks like the trust management fees for eMaxis Slim mutual funds have been reduced. Your investment will cost you less. Always nice to see those fees come down.