What Is The Fund's Fee Structure? - Strategic Opportunities (Growth and Income) Fund

The Fund’s fee structure is outlined in detail in Section 9 of its Product Disclosure Statement (“PDS”).

Here is a summary for easy reference. No fees are invoiced directly to an investor, they are either deducted from the investment amount (which reduces the amount applied to unit allotment), or paid by the Fund (and impact the value of the investor’s unitholding). The fees below are inclusive of GST.

Fee	Amount (incl. GST)	Paid By
Ongoing fees and costs
Recurring management fee General management fee for fund management services provided regardless of performance.	Nil	The Responsible Entity does not charge an ongoing fund management fee.
Recovery of recurring administration and other costs An estimate of the amount of annual costs for administering and operating the Fund, including expense recoveries.	Up to 0.935%	Paid by the Fund when a recoverable administration cost is incurred.
Once-off inefficient asset acquisition feeThe fee payable when an inefficient asset is acquired.	Up to 2.2% of an inefficient asset’s contract purchase price.	Paid by the Fund to the Responsible Entity when the purchase of an inefficient asset is settled.
Once-off inefficient asset disposal feeThe fee payable when an inefficient asset is sold.	Up to 2.2% of an inefficient asset’s contract sales price.	Paid by the Fund to the Responsible Entity when the sale of an inefficient asset is settled.
Performance fee Amounts deducted from your investment in relation to the performance of the product.	11% of the first 10%* of Fund performance, and 22% of Fund performance thereafter. * On an annualised basis.	Calculated at the end of each month and paid by the Fund to the Responsible Entity.
Transaction Costs The costs incurred by the scheme when buying or selling assets.	Estimated to be up to 2.98% of the assets acquired in the portfolio.	Transaction costs are variable and paid by the Fund to the Responsible Entity as they are incurred, then included in the Unit issue price and Unit redemption price.
Member activity related fees and costs (fees for services or when your money moves in or out of the scheme)
Establishment Fee The fee to open your investment.	Nil	Not applicable.
Contribution Fee The fee on each amount contributed to your investment.	Up to 2.2%	Calculated and paid to the Responsible Entity from an Investor’s application money prior to the issue of units.
Buy-Sell Spread An amount deducted from your investment representing costs incurred in transactions by the scheme.	Nil	Not applicable.
Withdrawal Fee The fee paid to process each redemption request.	$55	Paid to the Responsible Entity from from an Investor’s redemption money prior to transfer.
Exit Fee The fee to close your investment.	Nil	Not applicable.
Switching Fee The fee for changing investment options.	Nil	Not applicable.