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.
Wholesale class
For investors investing $25,000 or more, minimum investment amounts apply.
|
|
Ongoing Annual fees and costs |
Member activity related fees and costs |
||
|
Fund |
Management fees & costs p.a.1 |
Transaction costs2 |
Buy/sell spread3 |
Minimum investment amount4 |
|
Income Fund |
0.20% |
Nil |
Nil |
$25,000 |
|
Fixed Interest Fund |
0.30% |
Nil |
Nil |
$25,000 |
|
Moderate Fund |
0.72% |
Nil |
0.10% / 0.10% |
$25,000 |
|
Balanced Fund |
0.89% |
0.01% |
0.10% / 0.10% |
$25,000 in the Balanced Fund, plus a $200,000 Investment across Australian Ethical’s Managed funds |
|
Conservative Fund |
0.66% |
Nil |
0.05% / 0.05% |
$25,000 |
|
High Conviction Fund6 |
0.69% plus Performance Fee of 15% of performance above the hurdle5 | Nil | 0.20% / 0.20% | $25,000 |
|
High Growth Fund |
1.04% |
Nil |
0.05% / 0.05% |
$25,000 |
|
Diversified Shares Fund |
0.95% |
0.01% |
0.05% / 0.05% |
$25,000 |
|
International Shares Fund |
0.59% |
0.03% |
0.05% / 0.05% |
$25,000 |
|
Australian Shares Fund |
1.10% |
Nil |
0.15% / 0.15% |
$25,000 in the Australian Shares Fund, plus a $500,000 Investment across Australian Ethical’s Managed funds |
|
Emerging Companies Fund |
1.20% plus Performance Fee of 20% of performance above the hurdle 5 |
0.01% |
0.15% / 0.15% |
$25,000 |
- Indirect costs, which amount to 0.13% for the Balanced Fund, 0.12% for the Moderate Fund, 0.11% for the Conservative Fund and 0.14% 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 2023. These may change from year to year. Management costs are included in the unit price for each investment option and are inclusive of GST.
- 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 2022. See the Product Disclosure Statement for further details.
- Current as at 30 June 2022 and is subject to change without notice.
- Conditions may vary for investors via platforms, mFund Settlement Service and superannuation master trusts.
- The performance fee for the 5 years to 30 June 2022 for the Emerging Companies Fund (wholesale) was 1.37% p.a. The performance fee for the 12 month period since inception for the High Conviction Fund was 0% p.a. Please note 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.
- 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 ETF.
Retail class
For investors investing less than $25,000, please see the fee table below.
|
|
Ongoing Annual fees and costs |
Member activity related fees and costs |
||
|
Managed Fund |
Management fees & costs p.a.1 |
Transaction costs2 |
Buy/sell spread3 |
Minimum investment amount |
|
Income Fund |
0.20% |
Nil |
Nil |
$1,000 or $500 with a regular investment plan. |
|
Fixed Interest Fund |
0.50% |
Nil |
Nil |
$1,000 or $500 with a regular investment plan. |
|
Balanced Fund |
1.55% |
Nil |
0.10% / 0.10% |
$1,000 or $500 with a regular investment plan. |
|
High Growth Fund |
1.53% |
Nil |
0.05% / 0.05% |
$1,000 or $500 with a regular investment plan. |
|
Diversified Shares Fund |
1.39% |
Nil |
0.05% / 0.05% |
$1,000 or $500 with a regular investment plan. |
|
International Shares Fund |
0.99% |
0.01% |
0.05% / 0.05% |
$1,000 or $500 with a regular investment plan. |
|
Australian Shares Fund |
1.69% |
0.01% |
0.15% / 0.15% |
$1,000 or $500 with a regular investment plan. |
|
Emerging Companies Fund |
1.69% plus Performance Fee of 20% of performance above the hurdle 4 |
Nil |
0.15% / 0.15% |
$1,000 or $500 with a regular investment plan. |
- Indirect costs, which amount to 0.13% for the Balanced Fund and 0.14% 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 2022. These may change from year to year. Management costs are included in the unit price for each investment option and are inclusive of GST.
- 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 2022. See the Product Disclosure Statement for further details.
- Current as at 30 June 2022 and is subject to change without notice.
- The performance fee for the 5 years to 30 June 2022 for the Emerging Companies Fund (retail) was 1.36% p.a. Please note this is not a forecast, 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.
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.
|
Type of fee or cost |
Amount |
How and when paid |
|
Establishment fee |
Nil |
Not applicable |
|
Contribution fee |
Nil |
Not applicable |
|
Withdrawal fee |
Nil |
Not applicable |
|
Exit fee |
Nil |
Not applicable |
|
Switching fee |
Nil |
Not applicable |