Buy/sell spreads
What are buy/sell spreads?
Buy/sell spreads are incurred when investors apply for or redeem units in the funds. They reflect the transaction costs associated with the purchasing and selling of assets within the funds in order to issue units or pay redemption proceeds to investors. The application of buy/sell spreads to the funds ensures fair attribution of costs between transacting and non-transacting investors. Buy/sell spreads are not fees paid to the Responsible Entity of the funds.
We regularly review the buy/sell spreads for each of the funds to ensure that they remain appropriate. During challenging market environments, particularly during times of heightened market volatility, the buy/sell spreads of a particular fund may increase or decrease significantly, to reflect the evolving nature of liquidity conditions. The buy/sell spreads may change without prior notice. The latest buy/sell spreads for the funds are set out below. It is important for investors to consider the latest buy/sell spreads before applying for or redeeming units from a fund.
| Product Name | Buy | Sell |
|---|---|---|
| MLC Cash Management Trust |
||
| MLC Cash Management Trust – Class A |
0.00% |
0.00% |
| MLC Cash Management Trust – Class D |
0.00% |
0.00% |
| MLC MultiSeries | ||
| MLC MultiSeries 30 |
0.03% |
0.04% |
| MLC MultiSeries 50 |
0.05% |
0.05% |
| MLC MultiSeries 70 |
0.05% |
0.06% |
| MLC MultiSeries 90 |
0.07% |
0.07% |
| MLC MultiActive | ||
| MLC MultiActive Capital Stable |
0.05% |
0.06% |
| MLC MultiActive Conservative |
0.06% |
0.07% |
| MLC MultiActive Moderate |
0.08% |
0.08% |
| MLC MultiActive Balanced |
0.10% |
0.10% |
| MLC MultiActive Growth |
0.11% |
0.11% |
| MLC MultiActive Cash Enhanced |
0.02% |
0.03% |
| MLC MultiActive Diversified Fixed Income |
0.05% |
0.08% |
| MLC MultiActive Australian Shares |
0.20% |
0.20% |
| MLC MultiActive Global Shares |
0.10% |
0.10% |
| MLC MultiActive Property | 0.14% |
0.14% |
| Strategic Funds | ||
| Strategic Cash Plus Fund |
0.00% |
0.00% |
| Strategic Fixed Interest Fund |
0.02% |
0.04% |
| Strategic Australian Equity Fund | 0.05% |
0.05% |
| Strategic International Equity Fund |
0.03% |
0.04% |
| Strategic Global Property Fund |
0.04% |
0.04% |
| Strategic Sustainable Global Bond |
0.10% |
0.05% |
| Strategic Infrastructure Fund |
0.10% |
0.10% |
| Specialist Funds |
||
| Specialist Diversified Fixed Interest Fund |
0.06% |
0.08% |
| Specialist Australian Shares Fund |
0.20% |
0.20% |
| Specialist Global Shares Fund |
0.11% |
0.14% |
| Foundation Funds |
||
| Foundation Assertive Fund |
0.01% |
0.05% |
| Foundation Balanced Fund |
0.01% |
0.04% |
| Foundation Conservative Fund |
0.01% | 0.03% |
| IOOF Income Trust | ||
| IOOF Income Trust | 0.01% | 0.03% |