What is the fee structure for Fisher Funds Managed Funds?
You will be charged fees for investing in Fisher Funds Managed Funds. Fees are deducted from your investment and will reduce your returns. If Fisher Funds invests in other funds, those funds may also charge fees. The fees you pay will be charged in two ways:
- regular charges (for example, annual fund charges). Small differences in these fees can have a big impact on your investment over the long term;
- one-off fees (for example, fees charged for investing or withdrawing from the fund or other specific actions you take). Fisher Funds does not currently charge any one-off fees.
The table below shows the charges for each fund including GST.
Mixed asset portfolios
||0% to 1.10%
||0% to 2.00%
Single asset portfolios
|Property & Infrastructure Fund
||0% to 2.28%
|New Zealand Growth Fund
||0% to 1.99%
|Australian Growth Fund
||0% to 1.41%
|International Growth Fund
||0% to 1.82%
How are fees deducted from my investment in Fisher Funds Managed Funds?
The fees described in the fee structure table are deducted directly from each Fund.
Why do you charge a performance fee?
Performance fees incentivise our investment team and further align our interests with those of investors.
Are the performance fees guaranteed?
No they aren't. As described in the fee structure table, they are subject to beating performance hurdles and a high water mark.
What is a high water mark?
A high water mark ensures we only get paid for performance once and refers to the restriction placed on payment of the performance fee by including a provision in the performance fee calculation that no performance fee is paid to the extent that Fisher Funds is recovering any losses that have been incurred by a particular Fund.
Do you charge an additional fee for providing financial advice?
No we don't.