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
Fund fees (exclusive of GST, if any) are set out in the table below. Our management fee and external costs are calculated as a percentage of the net asset value of each Fund:
¹ Actual annual fund charges will depend on the expenses incurred by the Fund and will vary from the estimate. Actual fund charges are available in the latest fund updates.
Fees will be deducted from your investment and are explained below:
Our management fee: This is paid to us for the investment management and operation of the Fund. This covers costs of Pathfinder, the Supervisor, custodian and administration manager.
External costs: This is an estimate of charges we may incur for investing in other funds. In the case of the Global Responsibility Fund, the other fund is our wholesale Responsible Investment Fund.
GST: All fees are exclusive of GST (which is currently charged at 15%).
Additional charges: The Supervisor is entitled to charge “special” fees to a Fund for services of an unusual or onerous nature outside its regular services. While there is no limit on these charges, none have ever been charged to a Fund.
Performance fee: We do not charge performance fees.
Other charges: none.
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.