ISSUE DATE
23
Withdrawal fee: The fee on each amount withdrawn from your investment. Exit fee: The fee to close your investment.
Nil
Not applicable
Nil
Not applicable
Switching fees
The fee for changing investment options.
Nil
Not applicable
Management costs
The fees and costs for managing your investment.
0.5% to 5.0% p.a. (estimated) of funds under management.
Generally deducted from income. Management fees are paid monthly out of the assets of the Fund. Expenses are paid out of the assets of the Fund when due and payable. However, GPS pays expenses associated with the day- to-day operation of the Fund from its management fee and expenses associated with a loan are paid by the Borrower . NOTE: Under the Fund’s Constitution Management Fees cannot exceed 5.0% p.a. (excl. GST) of the gross asset value of the Fund. Expenses are reimbursed in addition to this amount.
Example of annual fees and costs for managed investment products This table gives an example of how the fees and costs in the balanced investment option for this
period. You should use this table to compare this product with other managed investment products. All fees and costs quoted in this PDS are inclusive of GST (if applicable).
Example - The Fund (Balance of $50,000 with a contribution of $5,000 during the year)
Contribution Fees
Nil
For every additional $5,000 you put in, you will be charged $0.
PLUS Management Costs
0.5% - 5.0% p.a.
And for every $50,000 you have in the fund you will be charged between $250 and $2,500 each year. If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged fees up to: $275 to $2,750. What it costs will depend on the performance of the Fund and when you contributed the additional $5,000.
EQUALS Cost of Fund
The above table is included as a regulatory requirement and is an example only. GPS does not charge any fees to Investors. All management fees are paid by the Borrower.
Additional explanation of fees and costs Loan Application and Other Fees Application fees, progress draw fees, line fees and release fees for loans made by the Fund are paid by the Borrower to GPS and/or GPSDF, a related party, and are not an additional cost to the Fund for Investors. These fees may be
capitalised into the loan. Application fees are
above. Reimbursement of Expenses
GPS is entitled to receive from the assets of the Fund the amount of any Fund expenses that it has incurred. GPS will pay expenses incurred in
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