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AQUA and mFund Fee Schedules

mFund Settlement Service

Initial fees
$14,500 per new AQUA Product Issuer
$5,000 per new AQUA Product Series
$500 per new set up of three letter code/UIC
Annual fees

Annual FUM Fee - value of all mFund products held on CHESS per AQUA Product Issuer

*Basis points fee based on FUM

Funds Under Management (FUM) Annual FUM Fee
Up to $1,000m 1.36 bps of FUM
$1,000m to $2,000m $136,000 + 0.91bps of FUM >$1,000m
$2,000m to $5,000m $227,000 + 0.45bps of FUM > $2,000m
$5,000m to $10,000m $362,000 + 0.23bps of FUM > $5,000m
Over $10,000m $477,000 + 0.09bps of FUM > $10,000m

Equity and Fund Issuer Annual Operating Charge

10% of the current Annual ASX Listing Fee with $1,500 minimum

* ASX will calculate funds under management (FUM) as the number of units admitted for settement on the mFund settlement service multipled by the market price on the last business day of the quarter.

ETF and Managed Fund (Trading Market) Fees

Initial fees
$14,500 per new AQUA Product Issuer
$5,000 per new AQUA Product Series
$500 per new set up of 3 letter code/UIC
Annual fees

Annual FUM Fee - value of all AQUA traded products held on CHESS per AQUA Product Issuer

*Basis points fee based on number of funds and FUM

Schedule for 1 - 4 Funds (per fund)

Funds Under Management (FUM) Annual FUM Fee
Up to $100m 3.18 bps of FUM
$100m to $500m $31,800 + 2.27bps of FUM >$100m
$500m to $1,000m $122,600 + 1.82bps of FUM > $500m
$1,000m to $2,000m $213,600 + 1.36bps of FUM > $1,000m
Over $2,000m $349,600 + 0.68bps of FUM > $2,000m

Schedule  for 5 - 9 Funds (FUM aggregated)

Funds Under Management (FUM) Annual FUM Fee
Up to $500m 1.82 bps of FUM
$500m to $1,000m $91,000 + 1.36bps of FUM >$500m
$1,000m to $2,000m $159,000 + 1.14bps of FUM > $1,000m
$2,000m to $5,000m $273,000 + 0.68bps of FUM > $2,000m
Over $5,000m $477,000 + 0.23bps of FUM > $5,000m

Schedule for 10+ Funds (FUM aggregated)

Funds Under Management (FUM) Annual FUM Fee
Up to $1,000m 1.36 bps of FUM
$1,000m to $2,000m $136,000 + 0.91bps of FUM >$1,000m
$2,000m to $5,000m $227,000 + 0.45bps of FUM > $2,000m
$5,000m to $10,000m $362,000 + 0.23bps of FUM > $5,000m
Over $10,000m $477,000 + 0.09bps of FUM > $10,000m

Equity and Fund Issuer Annual Operating Charge

10% of the current Annual ASX Listing Fee with $1,500 minimum

* ASX will calculate funds under management (FUM) as the number of units quoted on ASX multipled by the market price on the last business day of the quarter.

** All fees are GST exclusive

Structured Product (Traded Market) Fees

Initial fees
$14,500 per new Structured Product issuer
$500 per new Structured Product Series
Turnover fees
10 bps of traded value capped at $10,000 p.a.

The full fee schedules of AQUA traded products and mFund can be found below: