Expenses to be Charged to the Mutual fund (Article 3.1.1.8.1. Decree 2555 of 2010)

• Operational and Management: These include costs of deposit and custody of securities, remuneration of the collective investment fund managing society and the external manager, legal fees, value of insurance and asset protection, bank expenses, among others.
• Tax: Includes payment of taxes on the securities, assets or income of the fund.
• Asset trading: Includes registration costs in the RNVE and in the stock exchange, commissions for the acquisition or disposal of assets and the execution of operations, commissions for participation in trading or registration systems, interest and other income derived from the issuance of bonds, repo operations, simultaneous and temporary transfer of securities,  expenses for derived coverage, among others.
• Others: They include fees for tax auditing, property administration fees, insurance and services associated with real estate, among others.

The regulations must detail the expenses to be borne by the fund. Unspecified expenses will be borne by the collective investment fund managing society.

Remuneration of the Management Company (Article 3.1.1.8.2. Decree 2555 of 2010)

The only benefit for their management will be remuneration, which must be established in the fund's regulations and may include a percentage of the portfolio's returns.