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.

There have been changes to fees from 2 October, please see our update page for more information.

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
Managed fund Management costs~ Additional transactional and operational costs+
Income Fund 0.50% p.a. Nil Management costs are included in the unit price for each investment option and are inclusive of GST.
Fixed Interest Fund 1.00% p.a. Nil
Balanced Fund~ 1.81% p.a. 0.04%
Advocacy Fund 1.90% p.a. Nil
Diversified Shares Fund 1.90% p.a. Nil
International Shares Fund 1.85% p.a. Nil
Australian Shares Fund 1.99% p.a. 0.07%
Emerging Companies Fund 1.99% p.a. plus Performance Fee of 20% of performance above the hurdle* Nil

~ Indirect costs, which amount to 0.06% 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. In 2018-2019, we continue to build out our investment in alternative and property assets using specialist asset managers. In 2018-2019, fees and  costs for new external asset managers will be incurred by the Balanced Fund with an estimated range between 0.10% and 0.12%. The indirect costs for all other Funds are estimated to be Nil for the 2018-2019 period.
+ 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. See the 
Product Disclosure Statement for further details.

* See the Product Disclosure Statement for further details.

Managed Fund Buy / sell spread %#
Income Fund Nil
Fixed Interest Fund Nil
Balanced Fund 0.10 / 0.10
Advocacy Fund 0.10 / 0.10
Diversified Shares Fund 0.10 / 0.10
International Shares Fund 0.10 / 0.10
Australian Shares Fund 0.20 / 0.20
Emerging Companies Fund 0.20 / 0.20

# Current as at 2 October 2018 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
Balanced Fund (Wholesale)~ 0.91% p.a. 0.04% $25,000 minimum Investment in the Balanced Fund, plus investor must maintain $500,000 Investment across Australian Ethical’s Managed funds
Advocacy Fund (Wholesale) 0.95% p.a. Nil $25,000 minimum
Diversified Shares Fund (Wholesale) 0.95% p.a. Nil $25,000 minimum
International Shares Fund (Wholesale) 0.85% p.a. Nil $25,000 minimum
 Australian Shares Fund (Wholesale) 1.10% p.a. 0.04% $25,000 minimum Investment in the Australian Shares Fund, plus investor must maintain $500,000 Investment across Australian Ethical’s Managed funds
Emerging Companies Fund (Wholesale) 1.20% p.a. plus Performance Fee of 20% of performance above the hurdle* 0.06% $25,000 minimum

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

~ Indirect costs, which amount to 0.06% 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. In 2018-2019, we continue to build out our investment in alternative and property assets using specialist asset managers. In 2018-2019, fees and  costs for new external asset managers will be incurred by the Balanced Fund with an estimated range between 0.10% and 0.12%. The indirect costs for all other Funds are estimated to be Nil for the 2018-2019 period.
# Current as at 2 October 2018 and is subject to change without notice.
+ 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.

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

* See the Product Disclosure Statement for further details.