Fees

Many of the cheaper funds advertise around being lower in fees and we believe this can be misleading. While you do need to consider the amount of fees you pay, the main thing that will determine your total gain is net performance

Our fees are deducted before performance is applied so it makes sense to look at the return of your investment after fees have been taken out. The performance figures on our website are all net performance

Below is an overview of the fees and costs that may be applicable to your managed fund investment with us. You can also use this information to compare one of our Funds with other managed funds.

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. 

Managed Fund Management 
costs1
Additional transactional and operational costs2 Buy / sell spread3 Minimum investment amount
Income Fund 0.50% p.a. Nil Nil $1,000 or $500 with a regular savings plan.
Fixed Interest Fund 1.00% p.a. Nil Nil $1,000 or $500 with a regular savings plan.
Balanced Fund 1.81% p.a. 0.04% 0.05 / 0.05 $1,000 or $500 with a regular savings plan.
Advocacy Fund 1.90% p.a. Nil 0.05 / 0.05 $1,000 or $500 with a regular savings plan.
Diversified Shares Fund 1.90% p.a. Nil 0.05 / 0.05 $1,000 or $500 with a regular savings plan.
International Shares Fund 1.85% p.a. Nil 0.10 / 0.10 $1,000 or $500 with a regular savings plan.
Australian Shares Fund 1.99% p.a. 0.07% 0.20 / 0.20 $1,000 or $500 with a regular savings plan.
Emerging Companies Fund 1.99% p.a. plus Performance Fee of 20% of performance above the hurdle4 Nil 0.20 / 0.20 $1,000 or $500 with a regular savings plan.
  1. 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 2019-2020, we continue to build out our investment in alternative and property assets using specialist asset managers. In 2019-2020, fees and costs for new external asset managers will be incurred by the Balanced Fund with an estimated range between 0.11% and 0.13%. The indirect costs for all other Funds are estimated to be Nil for the 2019-2020 period. Management costs are included in the unit price for each investment option and are inclusive of GST.
  2. These figures represent 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.
  3. Current as at 1 July 2019 and is subject to change without notice.
  4. Please See the Product Disclosure Statement for further information regarding performance fees.
Managed Fund Management costs1 Additional transactional and operational costs2 Buy / sell spread3 Minimum investment amount4
Income Fund 0.35% p.a. Nil Nil $25,000 
Fixed Interest Fund 0.45% p.a. Nil Nil $25,000
Balanced Fund 0.91% p.a. 0.04% 0.05 / 0.05 $25,000 in the Balanced Fund, plus a $500,000 Investment across Australian Ethical’s Managed funds
Advocacy Fund 0.95% p.a. Nil 0.05 / 0.05 $25,000
Diversified Shares Fund 0.95% p.a. Nil 0.05 / 0.05 $25,000
International Shares Fund 0.85% p.a. Nil 0.10 / 0.10 $25,000
Australian Shares Fund 1.10% p.a. 0.04% 0.20 / 0.20 $25,000 in the Australian Shares Fund, plus a $500,000 Investment across Australian Ethical’s Managed funds
Emerging Companies Fund 1.20% p.a. plus Performance Fee of 20% of performance above the hurdle5 0.06% 0.20 / 0.20 $25,000
  1. 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 2019-2020, we continue to build out our investment in alternative and property assets using specialist asset managers. In 2019-2020, fees and costs for new external asset managers will be incurred by the Balanced Fund with an estimated range between 0.09% and 0.11%. The indirect costs for all other Funds are estimated to be Nil for the 2019-2020 period. Management costs are included in the unit price for each investment option and are inclusive of GST.
  2. These figures represent 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.
  3. Current as at 1 July 2019 and is subject to change without notice.
  4. Conditions may vary for investors via platforms, mFund Settlement Service and superannuation master trusts.
  5. Please See the Product Disclosure Statement for further information regarding performance fees.

Fees when your money moves in or out of the Fund*

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
Termination fee Nil Not applicable

*Excludes Buy/Sell spread

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