# Settlement

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{% tab title="Management and Performance Fees" %}
Management and performance fees **ARE ALWAYS** settled at the time of NAV update.
{% endtab %}

{% tab title="Entrance and Exit Fees" %}
Entrance and exit fees **CAN** be settled during deposit and redeem flows. The deposit and redeem handler decides whether to invoke the fee. 
{% endtab %}
{% endtabs %}

{% hint style="info" %}
Learn more about Fee Settlement [HERE](https://enzyme-finance.gitbook.io/onyx/onyx-protocol/general-flows/fee-settlement).
{% endhint %}