When will I receive my trailer fee rebate?

J.P. Morgan Asset Management rebates 50% of the underlying funds' management fees to the user's portfolio every quarter. Users can expect to receive approximately 0.45% p.a. of rebates per quarter. However, the exact percentage may vary.

The trailer fee rebates are payable quarterly in arrears within 30 Business Days after the end of the relevant Quarter. For the purpose of this explanation, "Quarter" means any period of three calendar months commencing on the first day of January, April, July, and October, respectively, and ending on the last day of March, June, September, and December, respectively. The trailer fee rebates will be calculated daily for each Underlying Fund.