Fees and costs

This page provides information on the fees and other costs that you may be charged for investing in the Funds. These fees and costs may be deducted from your investment, from the investment returns, or from the Fund’s assets as a whole.

You will 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.

Retail Investors

Type of fee or cost Amount How and when paid
Fees when your money moves in or out of the Fund
Establishment fee Nil Not applicable
Contribution fee Nil Not applicable
Withdrawal fee Nil Not applicable
Termination fee Nil Not applicable
Management costs
The fees and costs for managing your investment Retail management fee Additional transactional and operational costs+
Income Fund 1.00% p.a. Nil Management costs are included in the unit price for each investment option and are inclusive of GST.
Fixed Interest Fund 1.50% p.a. Nil
Balanced Fund 2.42% p.a. 0.01%
Advocacy Fund 2.20% p.a. Nil
Diversified Shares Fund 2.20% p.a. Nil
Australian Shares Fund 2.50% p.a. 0.05%
International Shares Fund 2.20% p.a. Nil
Emerging Companies Fund 2.20% p.a. plus Performance Fee of 20% of performance above the hurdle* 0.01%

* See the Product Disclosure Statement for further details.

Transaction costs such as brokerage, settlement costs and duties may be incurred when buying and selling assets of the Funds. When you invest, switch or withdraw all or part of your investment, we will use a buy-sell spread to recover these transaction costs for the Fund and to ensure other investors are not paying the costs of your transaction. The buy-sell spread is an adjustment to the application and redemption unit prices.

+ The figures in the table represents brokerage costs which are not recovered in the buy-sell spread. Transactional and operational costs are calculated at 30 June each year based on the previous 12 months and are subject to change without notice.

Indirect costs are calculated at 30 June each year based on the previous 12 months.  These may change from year to year.  Whilst the indirect costs for 2016-2017 for each Fund was Nil, in 2017-2018, fees and costs for external asset managers will be incurred by the Balanced Fund and as such, the indirect cost for the Balanced Fund is estimated to be 0.08%. The indirect cost for all other Funds are estimated to be Nil for the 2017-2018 period. See the Product Disclosure Statement for further details.

Managed Fund Buy / sell spread %#
Income Fund Nil
Fixed Interest Fund Nil
Balanced Fund 0.15 / 0.15
Advocacy Fund 0.15 / 0.15
Diversified Shares Fund 0.15 / 0.15
Australian Shares Fund 0.15 / 0.15
International Shares Fund 0.20 / 0.20
Emerging Companies Fund 0.20 / 0.20

# Current as at 1 July 2017 and is subject to change without notice.

Wholesale Investors 

Wholesale Managed Fund Management fee Additional transactional and operational costs+ Condition for access^
Income Fund (Wholesale) 0.35% p.a. Nil $25,000 minimum
Fixed Interest Fund (Wholesale) 0.45% p.a. Nil $25,000 minimum
Advocacy Fund (Wholesale) 0.95% p.a. Nil $25,000 minimum
Diversified Shares Fund (Wholesale) 0.95% p.a. Nil $25,000 minimum Investment in the Diversified Shares Fund, plus investor must maintain $500,000 Investment across Australian Ethical’s Managed funds
Australian Shares Fund (Wholesale) 1.10% p.a. 0.06% $25,000 minimum Investment in the Australian Shares Fund, plus investor must maintain $500,000 Investment across Australian Ethical’s Managed funds
International Shares Fund (Wholesale) 0.85% p.a. 0.01% $25,000 minimum
Emerging Companies Fund (Wholesale) 1.20% p.a. plus Performance Fee of 20% of performance above the hurdle* 0.01% $25,000 minimum
* See the Product Disclosure Statement for further details.

+ The figures in the table represents brokerage costs which are not recovered in the buy-sell spread. Transactional and operational costs are calculated at 30 June each year based on the previous 12 months and are subject to change without notice.

^ Conditions may vary for investors via platforms, mFund Settlement Service and superannuation master trusts.

The figures in the table represents brokerage costs which are not recovered in the buy-sell spread. Transactional and operational costs are calculated at 30 June each year based on the previous 12 months and are subject to change without notice.

The indirect costs are calculated at 30 June each year based on the previous 12 months. These may change from year to year.  The indirect cost for all other Funds are estimated to be Nil for the 2017-2018 period.

Refer to the Funds’ Product Disclosure Statements for eligibility conditions for the wholesale class.