We endeavor to bring to our clients the best-in-class institutional strategies at a fraction of the cost that is typically applicable to access them. As such, to access Income+ portfolios you don’t pay any of the subscription, switch fees or redemption fees that are charged by most other platforms.
In addition, to further lower the costs, we either access Institutional share class or pass on 100% of the trailer fee rebates received on rebate fund share classes. As such, the net Fund Level Fees (the weighted average of the net unified management fees of the constituent funds after accounting for trailer fee rebates) is only 0.47% for Income+ Pure and 0.56% for Income+ Enhance (as of 30 June 2023), resulting in closer to 50% management fee savings in addition to all the other subscription, switch or redemption fee savings mentioned earlier.
For our investment portfolios, Syfe fees range from 0.35% to 0.65% per year based on the higher of your total assets under management or total invested amount.