Below is an overview of the fees and costs that may be applicable to your managed fund investment with us.
You’ll need to read each Fund’s Product Disclosure Statement (PDS) for the full list and explanation of fees and costs, as well as examples on how these fees and costs affect your investment.
If you consult a financial adviser, additional fees may be payable to the adviser. You should refer to the Adviser’s Statement of Advice for details.
Please see the Notices page for detail of all historic updates.
Minimum investment amount
Your minimum investment amount determines the class of investor you are.
| Wholesale class1 | Retail class | |
|---|---|---|
| $25,000 (and $500,000 across all funds) |
$1,000 (or $500 with a regular investment plan) |
|
| $25,000 (and $200,000 across all funds) | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | N/A | |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| High Conviction Fund2 | $25,000 | N/A |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | $1,000 (or $500 with a regular investment plan) | |
| $25,000 | N/A | |
| Infrastructure Debt Fund | $100,000 | N/A |
1. Conditions may vary for investors via platforms, mFund Settlement Service and superannuation master trusts.
2. Wholesale minimum investment amounts do not apply for investors entering this fund through the High Conviction Fund ETF (Ticker: AEAE). The same management fees apply for the unlisted managed fund and listed Exchange Traded Managed Fund.
Ongoing annual fees and costs
Switch between retail and wholesale classes for an overview of the ongoing annual fees and costs.
| Management fees & costs p.a.3 | Transaction costs4 | |
|---|---|---|
| 1.10% | Nil | |
| 0.90% | 0.04% | |
| 0.66% | Nil | |
| 0.95% | Nil | |
| 1.20% plus performance fee of 20% of performance above the hurdle5 | Nil | |
| 0.30% | Nil | |
| High Conviction Fund | 0.69% plus performance fee of 15% of performance above the hurdle5 | 0.01% |
| 1.01% | 0.03% | |
| 0.20% | Nil | |
| 0.59% | 0.01% | |
| 0.72% | Nil | |
| Infrastructure Debt Fund | 0.85% | 0.00% |
3. Indirect costs, which amount to 0.14% for the Balanced Fund, 0.11% for the Conservative Fund, 0.12% for the Moderate Fund and 0.11% p.a. for the High Growth Fund are included in the Management fees and costs.. The indirect costs for all other funds are Nil. The indirect costs are calculated annually (at a minimum) as at 30 June based on the previous 12 months. These indirect costs are current for the 12 month period prior to 30 June 2024. These may change from year to year. Management costs are included in the unit price for each investment option and are inclusive of GST.
4. These figures represent brokerage costs which are not recovered in the buy-sell spread. Transaction costs are calculated annually (at a minimum) as at 30 June based on the previous 12 months. The transaction costs published above are current for the 12 month period to 30 June 2024. See the Product Disclosure Statement for further details.
5. The performance fee for the 5 years to 30 June 2023 for the Emerging Companies Fund (wholesale) was 0.74% p.a. The performance fee for the 12-month period since inception for the High Conviction Fund was 0% p.a. Please note that these are not forecasts, the actual performance fee may be higher or lower depending on fund performance. Please see the Product Disclosure Statement for further information regarding performance fees.
| Management fees & costs p.a.3 | Transaction costs4 | |
|---|---|---|
| 1.69% | Nil | |
| 1.56% | 0.04% | |
| 1.39% | Nil | |
| 1.69% plus performance fee of 20% of performance above the hurdle5 | Nil | |
| 0.50% | Nil | |
| 1.50% | 0.03% | |
| 0.20% | Nil | |
| 0.99% | 0.01% |
3. Indirect costs, which amount to 0.14% for the Balanced Fund, 0.11% for the Conservative Fund, 0.12% for the Moderate Fund and 0.11% p.a. for the High Growth Fund are included in the Management fees and costs.. The indirect costs for all other funds are Nil. The indirect costs are calculated annually (at a minimum) as at 30 June based on the previous 12 months. These indirect costs are current for the 12 month period prior to 30 June 2024. These may change from year to year. Management costs are included in the unit price for each investment option and are inclusive of GST.
4. These figures represent brokerage costs which are not recovered in the buy-sell spread. Transaction costs are calculated annually (at a minimum) as at 30 June based on the previous 12 months. The transaction costs published above are current for the 12 month period to 30 June 2024. See the Product Disclosure Statement for further details.
5. The performance fee for the 5 years to 30 June 2023 for the Emerging Companies Fund (wholesale) was 0.74% p.a. The performance fee for the 12-month period since inception for the High Conviction Fund was 0% p.a. Please note that these are not forecasts, the actual performance fee may be higher or lower depending on fund performance. Please see the Product Disclosure Statement for further information regarding performance fees.
Member activity related fees and costs
See below for an overview of our Funds' buy/sell spreads.
| Buy/sell spread6 | |
|---|---|
| 0.15% / 0.15% | |
| 0.10% / 0.10% | |
| 0.05% / 0.05% | |
| 0.05% / 0.05% | |
| 0.15% / 0.15% | |
| Nil | |
| High Conviction Fund | 0.15% / 0.15% |
| 0.10% / 0.10% | |
| Nil | |
| 0.05% / 0.05% | |
| 0.05% / 0.05% | |
| Infrastructure Debt Fund | 0.05% / 0.05% |
6. Current as at 30 June 2023 and is subject to change without notice.
| Buy/sell spread6 | |
|---|---|
| 0.15% / 0.15% | |
| 0.10% / 0.10% | |
| 0.05% / 0.05% | |
| 0.15% / 0.15% | |
| Nil | |
| 0.10% / 0.10% | |
| Nil | |
| 0.05% / 0.05% |
6. Current as at 30 June 2023 and is subject to change without notice.
Other member activity related fees and costs
See below for fees when your money moves in or out of the Fund. This excludes buy/sell spreads.
| Amount | How and when paid | |
|---|---|---|
| Nil | N/A | |
| Nil | N/A | |
| Nil | N/A | |
| Nil | N/A | |
| Nil | N/A |