What are the fees?

 

Alpha Fund

Trans-Tasman Fund

Australian Fund

Management fee

1% p.a. plus GST

1% p.a. plus GST

1% p.a. plus GST

Performance fee

1% of the gross return above the bench mark of 12% up to 13% per annum then 15% of the return thereafter, subject to a high water mark

10% of the performance over the benchmark of 9.85%. Payable when the rolling   12-month net return (after fees and expenses) exceeds the benchmark, subject to a high water mark

10% of the performance over the benchmark of 10%. Payable when the rolling   12-month net return (after fees and expenses) exceeds the benchmark, subject to a high water mark

Trustee, Custody & Administration fees

Up to 0.32% p.a. plus GST

Up to 0.32% p.a. plus GST

Up to 0.32% p.a. plus GST

Other Fund costs

Legal, audit, advisory, brokerage, all taxes and other costs that may be incurred by the Fund

Legal, audit, advisory, brokerage, all taxes and other costs that may be incurred by the Fund

Legal, audit, advisory, brokerage, all taxes and other costs that may be incurred by the Fund