Fees & Charges

Performance Fee Only

Our fee structure is very simple and fair - we don't receive any performance fees until you have returns that are greater than the S&P ASX 200 Index AND we must make up for any previous levels of under-performance during the reporting quarter. This concept is known as a "High Water Mark." Please refer to our PDS or our PDS Summary, if you require any further details about our remuneration structure and the "High Water Mark."

We simply share any above average performance with you the investor.

Our Motivation

We make no money unless you do.
So we are HIGHLY MOTIVATED to get results well above the average.
Being average is not an option for us.

No Hidden Fees

No Entry, Exit, Administration or Management Fees. No Government Fees or Charges. No Performance Fees unless the Fund beats the benchmark S&P/ASX 200 Index.

Fees payable when your money moves in or out of the Fund

Establishment Fee
The fee to open your investment in the Fund.

Nil

Contribution Fee
The fee on your initial contribution, and each additional amount contributed to the Fund.

Nil

Withdrawal Fee
The fee on each amount you take out of the Fund.

Nil

Termination Fee
The fee to close your investment in the Fund.

Nil

Switching Fee
The fee Saratoga charges to switch over from another Fund.

Nil

Fees payable for the management of your investment in the Fund

Administration Fee

Nil

Management Fee

Nil

The Responsible Entity (AMH) is entitled to be paid up to 1.00% (plus GST) of the net asset value of the Fund per annum. This fee is not paid by investors in the Fund. This fee is paid directly by the Investment Manager (Saratoga).

Performance Fee

Split equally with investor

No performance fees are paid unless the Fund performs better than the benchmark S&P/ASX 200 Index. Once the performance of the Fund has exceeded the "High Water Mark" for each calendar quarter the Investment Manager (Saratoga) is entitled to 50% (plus GST) of the excess performance. This fee is paid by the Fund to the Investment Manager (Saratoga) as a reward for over-achievement.

For example if the Index had an annualised return of 11% and the Fund returned 15%, then you as the investor get the first 11% - the same amount as the Index. The balance of the 4% out performance is split equally between you and Saratoga. Thus you as the investor get 13% and Saratoga gets 2% as fees. If the Index had an annualised return of 11% and the Fund only returned 8%, then you the investor get the entire 8%, Saratoga does not get any fees because the Fund underperformed.

Distributions Frequency

Quarterly

Unit pricing Frequency

Monthly

Cooling off period

14 days

Retail Clients (as defined in the Corporations Act) may request redemption during a 14 day cooling off period. The cooling off period commences when clients receive their transaction confirmation or five business days after units are issued (whichever is earlier).