We’ve significantly reduced our investment fees
As part of our continued focus to provide great value ethical investments, we've reduced the investment fee for our Wholesale International Shares Fund, Wholesale Balanced Fund, and six of our retail managed funds. The investment fee forms part of the management costs for these products.
These reductions will be effective 1 June 2021. A complete summary of these fee changes is provided below and may apply to your Managed Fund investment/s with Australian Ethical.
You can find updated details of all our fees and costs on our Managed Funds fee page. If you have any questions, feel free to call our helpline on 1800 021 227, 8:30am to 5:30pm AEST (Monday to Friday).
Type of fee or cost |
Fund name |
Change from |
Change to (1 June 2021) |
| Management costs | International Shares Fund (wholesale) | 0.85% p.a. | 0.59% p.a. |
| Balanced Fund (wholesale)1 | 0.94% p.a. | 0.85% p.a. | |
| International Shares Fund (retail) | 1.85% p.a. | 0.99% p.a. | |
| Balanced Fund (retail)1 | 1.84% p.a. | 1.51% p.a. | |
| Diversified Shares (retail) | 1.90% p.a. | 1.39% p.a. | |
| Advocacy Fund (retail) | 1.90% p.a. | 1.39% p.a. | |
| Australian Shares (Retail) | 1.99% p.a. | 1.69% p.a. | |
| Emerging Companies Fund (retail) | 1.99% p.a. | 1.69% p.a. | |
|
1Indirect costs, which amount to 0.09% for the Balanced Fund are included in the Management Cost. The indirect costs for all other funds are Nil. The indirect costs are calculated at 30 June each year based on the previous 12 months. These may change from year to year. Management costs are included in the unit price for each investment option and are inclusive of GST. |
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Type of fee or cost |
How and when paid |
| Management costs |
Management costs are calculated as a percentage of the daily net asset value of the Fund and form part of the daily unit pricing calculations. |