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“Subscribe More, Save More” Fund Subscription Fee Rebate Offer

2020-06-01 08:43
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During the promotion period, beneficiary clients

accumulatively subscribe for any fund of HK$500,000 or below during the promotion period, the subscription fee is 0.8%;
accumulatively subscribe for any fund of more than HK$500,000 to HK$1,000,000, the subscription fee is 0.7%;
accumulatively subscribe for any fund of more than HK$1,000,000 to HK$2,000,000, the subscription fee is 0.6%;
accumulatively subscribe for any fund of more than HK$2,000,000 to HK$5,000,000, the subscription fee is 0.5%;
accumulatively subscribe for any fund of more than HK$5,000,000, the subscription fee is 0.3%.

The required amount of fund is determined by the time of subscription and transaction. Customers are required to pay the relevant subscription fees and other charges (Please click the following link for the original transaction fee: https://content.ifund.com.hk/files/misc/iFund-Fee-Schedule-EN-20190715.pdf) when they subscribe to the fund. After the end of the promotion, Noble Apex Advisors will subtract the original subscription fee from the promotion period subscription fee and deposit the remaining amount into the eligible customers’ iFund account through rebate. The calculation of the rebate is subject to the discretion of Noble Apex Advisors.

Accumulated subscription amount Subscription fee during promotion period
Above HK$5,000,000 0.3%
HK$2,000,000 to HK$5,000,000 0.5%
HK$1,000,000 to HK$2,000,000 0.6%
HK$500,000 to HK$1,000,000 0.7%
HK$500,000 or below 0.8%

Demonstration example 1:

Mr. A deposited HK$ 1,000,000 in iFund before the promotion period. According to iFund’s original fee schedule, Mr. A’s fund subscription fee should be 1% of his subscribed amount. During the promotion period, Mr. A first subscribed fund/funds for a total amount of HK$1,000,000, and later he deposited money to iFund again and made another subscriptions for an amount of HK$ 4,000,000; and then another HK$ 1,000,000 for the third time. Since the cumulative subscription amounted to HK$ 6,000,000, Mr. A actually only needs to pay 0.3% of the subscription fee for all his subscriptions during the promotion period.

In this situation, iFund will firstly charge Mr. A’s fund subscription fee based on iFund’s original fee schedule (HK$ 1,000,000 x 1% + HK$ 4,000,000 x 0.75% + HK$ 1,000,000 x 0.5%). Then after the end of the promotion period, iFund will calculate the refund amounts to Mr. A – by deducting the Promotional Offer subscription fee that Mr. A should enjoy (HK$ 6,000,000 x 0.3%) from what he charged previously. Therefore, a total amount of HK$ 27,000 will be refunded to Mr. A in this example. .

Rebate amount: (HK$ 1,000,000 x 1% + HK$ 4,000,000 x 0.75% + HK$ 1,000,000 x 0.5%)-(HK$ 6,000,000 x 0.3%) = HK$ 27,000

Demonstration example 2:

Mr. B deposited HK$ 5,000,001 in iFund before the promotion period. According to iFund’s original fee schedule, Mr. B’s subscription fee should be 0.5% of his subscribed amount. During the promotion period, Mr. B only subscribed fund/funds for a total amount of HK$ 1,000,000 and paid a 0.5% fund subscription fee based on iFund’s original fee schedule. Since Mr. B’s Promotional Offer subscription fee is 0.7%, which is higher than the subscription fee he had already paid. Therefore, Mr. B will not receive any refund from iFund in this example.

*Fund Subscription Fee Rebate Offer Terms and Conditions (the “Offer”):

1. The Offer is effective from 00:00:00 of April 1, 2020 till 23:59:59 of June 30, 2020, subject to our system (the “Offer Period”).
2. This Offer is available to all new customers who have opened an iFund account after 1 February 2019# (confirmed by official email notice).
3. This Offer is not applicable to customers enjoying the “Lifelong $0 Subscription Fee” offer.
4. The beneficiary clients accumulatively subscribe for any fund of HK$500,000 or below during the promotion period, the subscription fee is 0.8%; accumulatively subscribe for any fund of more than HK$500,000 to HK$1,000,000, the subscription fee is 0.7%; accumulatively subscribe for any fund of more than HK$1,000,000 to HK$2,000,000, the subscription fee is 0.6%; accumulatively subscribe for any fund of more than HK$2,000,000 to HK$5,000,000, the subscription fee is 0.5%; accumulatively subscribe for any fund of more than HK$5,000,000, the subscription fee is 0.3%. The required amount of fund is determined by the time of subscription and transaction. The calculation of the rebate is subject to the discretion of Noble Apex Advisors.
5. Customers are required to pay the relevant subscription fees and other charges when they subscribe to the fund. After the end of the promotion, Noble Apex Advisors will subtract the original subscription fee from the promotion period subscription fee and deposit the remaining amount into the eligible customers’ iFund account through rebate.
6. The rebate amount will be credited to the eligible iFund accounts on or before July 31, 2020 without prior notice. Noble Apex Advisors will not compensate if the rebate amount cannot be credited to eligible iFund accounts on or before July 31, 2020 due to any administrative or technical reason.
7. The fund subscription amount is calculated independently on an individual account basis and is adjusted to Hong Kong dollars according to the monthly adjusting exchange rate assigned by Noble Apex Advisors.
8. The Offer cannot be used in conjunction with any other promotional offers. If this Offer overlaps with other offers, customers can only participate in the offer with the lowest subscription fee.
9. The Offer does not apply to fund switching, funds transferred-in, or funds with no subscription fee.
10. This offer applies to individual account only. Each ID is eligible for one time only of rebate during the Promotion Period. Customers of corporate and investment account are not eligible to participate in this promotion. Employees of Noble Apex Group and its subsidiaries are not eligible to participate in this promotion.
11. The Offer applies to Monthly Funds Savings Plan subscriptions.
12. The Offer cannot be exchanged for cash and is not transferable.
13. Noble Apex Advisors reserves the sole right to vary or cancel the Offer and/or amend or alter these Terms and Conditions at any time without prior notice. In the event of any dispute, the decision of Noble Apex Advisors shall be final and conclusive.

The information above does not constitute any transaction, solicitation, invitation or offer to any person (whether express or implied). The information above are issued by Noble Apex Advisors Ltd and have not been reviewed by the Securities and Futures Commission of Hong Kong. Investments are subject to risks. Investors should note that the value of the investment may increase or decrease and with a total loss of capital value. The Company is not legally responsible for any direct or indirect losses suffered by anyone using the materials in this document. Investor should read and understand relevant materials and risk disclosure statement before making any investment decision.

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