Management fees and indirect costs

This functionality allows authorised representatives of issuers to calculate and post approximate management fee and indirect cost amounts for and to the holdings of all investors in a specific class of units.

Running this function does not reduce the unit prices of the trust.  The function is merely designed to determine what approximate amounts were effectively deducted from each investor's holding so that these approximate amounts can be reported to the investors of each holding via their Periodic Statements.

Please note that while these amounts are posted to the Charges tab of each holding, the Charges tab is not visible by investors. This allows issuers to review the posted amounts before producing any Periodic Statements.  If their are any errors, issuers can re-run this process over the required period in order to update the amounts.

Step 1 - Set management fee and indirect cost rates

1. From the menu, select Fund admin -> Fees and charges;
2. In the Fees and charges section, select the security you wish to set the rates for;
3. In the Rates section, review the the rates currently stored on the system by clicking on the Management fees tab and the Indirect costs tab;
4. To add a new rate, click on Add new rate.  Note the rate will apply from the date set until the date of of commencement of any other rate.  If the management fee or indirect cost is zero for any period, set the rate to zero for that period.  Note also, the rate is a percentage so enter 0.5 for 0.5%;
5. To delete a rate, click Delete beside the rate.

Step 2 - Calculate and post charges

1. From the menu, select Fund admin -> Fees and charges;
2. In the Fees and charges section, select the security you wish to calculate and post the charges for;
3. Select what period you want to run the charges for;
4. Click Calculate and post charges.