The promotion is still ongoing, so no front-end load is required.
Incentive fees are calculated as per the agreed ratio of the interest accrued.
Redemption fees are calculated as per the agreed ratio of the settlement amount (principal + interest from which incentive fees have been deducted).
Management fees are calculated as per the agreed ratio of the principal.
There will be a penalty for early redemption.
If a request for redemption is submitted before a portfolio matures, a penalty shall result. The amount of penalty varies depending on the type and the remaining effective days of the portfolio that you subscribe to.
Suppose you subscribe to the 1-year Variable-Rate Portfolio with 10,000 USDⓢ, the total interest (without deduction of incentive fees) generated upon portfolio maturity will be 1,700 USDⓢ:
Incentive fees: 1,700 x 26% = 442 USDⓢ
Interest minus incentive fees: 1,700 - 442 = 1,258 USDⓢ (with an APY of about 12.58%)
Redemption fees upon maturity: (10,000 + 1,258) x 0.15% = 16.887 USDⓢ
You will receive: 10,000 + 1,258 - 16.887 = 11,241.113 USDⓢ