If you invest in a Professionally Managed Account (PMA), there are no performance fees charged. The InvestSMART Australian Small Companies Fund does have a performance fee attached to the product, which is conditional on the fund's performance surpassing a couple of benchmarks. More details are provided in the fund's PDS.
Managing My Account
Managing My Membership
Investing with Us
Intelligent Investor Small Company Fund
A managed fund pools investors' money into a managed investment scheme, which is generally registered through ASIC, the regulatory financial body. The pooled funds are then managed by an Investment Manager who will buy and sell securities or assets for the fund, on your behalf, thereby making all investment decisions for the fund. The process of deciding which securities to buy and sell for the fund has been pre-determined by the Investment Manager and is based on particular criteria such as asset classes, e.g. International or Domestic shares, or the size of the respective company's market capitalisation.
Your shares will be held in your name in a CHESS sponsored broking account, therefore, in the event where we could not manage your shares anymore, you would continue to hold your shares in your name.
A Management Fee of 0.97% per annum is charged. If certain benchmarks have been surpassed, then a Performance Fee is also applied. However, the fund does not charge any Establishment, Contribution, Withdrawal and Exit fees. Please read the Product Disclosure Statement for full details.