RG97 & Fee Information

Enhanced Fees & Costs Disclosure

We believe all investors should have full transparency of the fees and costs relating to their investments. Since the

announcement of the new regulations (‘ASIC Class Order 14/1252’, also known as ‘RG97’), we have adopted a robust and
a thorough approach to complying with the enhanced disclosure requirements.

Importantly, the regulations do not impact the management fees that customers pay for investing in our funds, nor do the
regulations impact the way that they are managed. Instead, they simply change the way that fees and costs are displayed
in clients’ documents, for example, in product disclosure statements (‘PDS’) and periodic statements.

 

Overview RG97

The key changes as at 30 Sept 2017 were:
Indirect costs and transactional & operational costs are included in disclosures.
- These fees and costs have always existed and factored into your net-of-fee return.
- Managed fund and superannuation product disclosures are impacted in different ways.

Superannuation changes

The key changes as at 30 Sept 2017 were:

- You will see changes to your fee and cost disclosures.
- You are not being charged additional fees or costs.
- There is no change to your net-of-fee return.
- These fee and costs have always existed and been factored into your net-of-fee-return and unit price.

Managed fund changes

The key changes as at 30 Sept 2017 were:
- There were changes to your fees and costs disclosure.
- You are not being charged additional fees or costs.
- No change to your net-of-fee return.
- These fees and costs have always existed and been factored into your net-of-fee return and unit price.

QUESTIONS AND ANSWERS

Direct Real Estate Funds

The key changes as at 30 Sept 2017 were:
- The disclosures provide an extra ‘look through’ on the fees and costs associated with investing.
- Fees and costs look different across the funds due mainly to variations in management fees and leverage levels for each fund and the transactional and operational costs associated with the day-to-day management and operation of fund and stamp duty.
- They have always been factored into investors’ net-of-fee return and monthly unit price.

Important notes

While every care has been taken in the preparation of this information contained in this website, neither AMP Capital Investors Limited (ABN 59 001 777 591)(AFSL 232497) nor any member of the AMP Group make any representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. Content sourced from Cuffelinks and Livewire does not represent the views of AMP Capital or any member of the AMP Group. All information on this website is subject to change without notice. 

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