You will be charged fees for investing in the Funds, which are outlined below
Performance Fee - NIL
Establishment Fee - NIL
Contribution Fee - NIL
Withdrawal Fee - NIL
Termination Fee - NIL
1. Pathfinder’s basic fee:
We charge an annual management fee to cover our investment management services plus expenses in connection with the Fund.
2. Other management and administration fees:
These have two parts:
Administration fees: These are the fees of Public Trust (supervision and custody) and MMC Limited (fund accounting and registry).
Underlying fund costs: These are charges incurred if a Fund invests in other underlying funds.
Individual action fees
When you purchase or redeem units, a buy / sell spread will apply to cover transaction costs of the Fund.
The Funds’ current buy / sell spreads, calculated as a percentage of net asset value per unit, are:
There is no GST on the buy spread or sell spread. As an example, if you invested $1,000 into the Global Water Fund,the buy spread would cost you 50 cents.