Asteron - What Charges Will I Pay?

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What Charges Will I Pay?

Entry Fee - a percentage of the amount you invest in each Trust.

Management Fee - an annual percentage of the gross value of your investment, calculated daily, paid monthly.

Trustee Fee - another small annual percentage, calculated daily, paid quarterly.

The fees for each Unit Trust are as follows:

Trust	Entry Fee	Annual Management Fee	Annual Trustee’s Fee ⁽¹⁾
NZ Fixed Interest	2.5%	0.95%	0.10%
Corporate Bond	2.5%	1.1%	0.10%
Asian Sharemarket Growth	5.0%	1.1%⁽²⁾	0.07%
Socially Responsible Investment	5.0%	1.3%	0.07%

(1) Goods and Services Tax is charged on the Trustee Fee as applicable. This is additional to the amounts shown in the table.
(2) The Annual Management Fee has been set at a lower rate to take into account the external management fees.

Switching

You can switch funds between the Trusts without charge, unless there is a difference between their respective entry fees, then you will have to pay the difference.