There is a once off fee (contribution fee) of 3.60% (plus GST) every time you make a new / top up investment.
This is the cost of ‘admission’ into the Fund and pays for the time, effort and risk associated with making the investment available in the first place.
For instance, if you invest $10,000 then $360 (plus GST) of it will be deducted as a contribution fee with the balance used to buy units.
Assuming the unit price was $1.4782 (May 2018 unit price) you would receive 6,497 units.
Use this calculator to determine what your contribution fee would be and the number of units you would receive based on the unit price at 31 May 2018. Begin by inputting the amount you are considering investing below:
There is also a management fee that is paid by the Fund on your behalf.
That fee is 1.80% per annum (plus GST) of the value of the Fund’s gross assets (calculated and paid monthly).
While you don’t pay this directly from your own pocket, you pay it indirectly as it otherwise reduces the amount you would receive as a distribution.
Finally there is a performance bonus which is paid if the Fund achieves a return of more than 12% per annum. The bonus payment is 20% of the excess above 12%.
Unlike other managed investment trusts, there are no exit, leasing or finance fees.
More information about fees and charges is included in the Product Disclosure Statement.
