Management Costs
Fee type |
Amount |
Investment management fee
(Accrued daily, reflected in daily net asset value (NAV) unit price, and paid monthly to Platinum from the fund’s assets.) |
1.35%# per annum of the fund’s net asset value
#Inclusive of GST and net of any expected reduced input tax credits. |
For further explanation on fees and costs as well as examples of fee calculations, please refer to the Product Disclosure Statement and Additional Information Booklet.
Buy/sell Spread
Buy costs (buy spread) |
0.25% of the fund’s net asset value unit price on the dealing day |
Included in the entry price |
Sell costs (sell spread) |
0.25% of the fund’s net asset value unit price on the dealing day |
Included in the exit price |
What is the buy/sell spread?
Buy costs are charged to enter the fund (that is, to buy units) and sell costs are charged to exit the fund (that is, to withdraw units). They are charged because entering or exiting the fund necessitates the buying or selling of investments by the fund, which means that the fund will incur transactional and operational costs. The buy and sell costs are based on Platinum’s estimate of the transactional and operational costs incurred by the fund to invest application money received or sell assets to fund withdrawal payments.
The buy/sell costs are not fees paid to Platinum – they are retained in the fund to cover transactional and operational costs as they are incurred. The reason for charging buy/sell spreads is to ensure that non-transacting investors do not pay the transactional and operational costs associated with other investors entering or exiting the fund.
Total Transactional and Operational Costs
For the Platinum Global Fund, our estimate of the net transactional and operational costs for the 2016/2017 financial year are:
Total Transactional and Operational Costs*
(% p.a. of NAV) |
Recovery through Buy/Sell Spread
(% p.a. of NAV) |
Net Transactional and Operational Costs
(% p.a. of NAV) |
For every A$50,000 you have in the fund you will likely incur approximately |
0.24% |
-0.09% |
0.15% |
A$75.00 |
* Excludes investment management fees and investment performance fees.
The above information is an estimate of the transactional and operational costs incurred for the 2016/2017 financial year. The net transactional and operational costs set out above take into account the buy/sell spread recovered in respect of the 2016/2017 financial year. In practice, your investment balance, plus the fund's volume of trading, and number and value of applications/withdrawals processed will vary from year to year.