Question 1

What are the fees associated with investing in the Fund?

Tom Gallas · Accepted Answer

Manning Asset Management charges a base fee of 0.5% of the balance per annum as at the last calendar day of each month. In addition, a performance fee of 10% of the Fund’s outperformance (post base fee) of the RBA cash rate calculated on a monthly basis, plus taxes is charged. This is subject to a high watermark and a cost recovery fee of up to 0.18% per annum.

In addition, there is a buy/sell spread of 0.25%/0.25% charged at time of investment (except for distribution reinvestments). This is paid into and retained by the Fund.

Please see Section 8, Fees and Costs of the Information Memorandum for a more detailed explanation.

Question 2

What are the fees associated with investing in the Fund?

Tom Gallas · Accepted Answer

Manning Asset Management charges a base fee of 0.5% of the balance per annum as at the last calendar day of each month. In addition, a performance fee of 10% of the Fund’s outperformance (post base fee) of the RBA cash rate calculated on a monthly basis, plus taxes is charged. This is subject to a high watermark and a cost recovery fee of up to 0.18% per annum.

In addition, there is a buy/sell spread of 0.25%/0.25% charged at time of investment (except for distribution reinvestments). This is paid into and retained by the Fund.

Please see Section 8, Fees and Costs of the Information Memorandum for a more detailed explanation.