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Performance Fee Examples
If you invested $50,000 into the fund on 1st January with a Unit Price of $1 then a Performance Fee would be calculated as follows:
The performance fee is equal to 20% of the Fund's out performance of the ASX 200 as long as the Unit Price at the end of the month is higher than a High Water Mark.
The High Water Mark is reset on the first day of each quarter to the Unit Price at the end of the quarters ended 31st March, 30th June, 30th September and 31st December each year.
| DATE |
|
HWM |
Unit Price |
ASX200 Value |
FUM at Month's end |
ASX200 Fund Value |
Fund Profit |
ASX200 Profit |
Out Performance |
Performance
Fee |
| 1st Jan |
Initial Investment $50,000 |
$1.00 |
1.000 |
1.000 |
|
|
|
|
|
|
|
| |
End Month 1 |
$1.00 |
0.880 |
0.850 |
44,000 |
42,500 |
-6,000 |
-7,500 |
|
|
No Performance Fee - below HWM |
| |
End Month 2 |
$1.00 |
0.900 |
0.900 |
45,000 |
45,000 |
1,000 |
2,500 |
|
|
No Performance Fee - below HWM |
| 31st March |
End Month 3 |
$1.00 |
0.950 |
0.920 |
47,500 |
46,000 |
2,500 |
1,000 |
|
|
No Performance Fee - below HWM |
| |
Reset HWM |
$0.95 |
|
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| |
End Month 4 |
$0.95 |
1.020 |
0.930 |
51,000 |
46,500 |
3,500 |
500 |
3,000 |
$600.00 |
20% of excess over ASX 200 |
| |
End Month 5 |
$0.95 |
1.050 |
0.950 |
52,500 |
47,500 |
1,500 |
1,000 |
500 |
$100.00 |
20% of excess over ASX 200 |
| 30th June |
End Month 6 |
$1.10 |
1.100 |
0.980 |
55,000 |
49,000 |
2,500 |
1,500 |
1,000 |
$200.00 |
20% of excess over ASX 200 |
| 1st July |
Reset HWM |
$1.10 |
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