Management fee

Currently, the maximum aggregate amount that will be charged to the Funds to cover the Responsible Entity’s fee, the Investment Manager’s fee and ordinary ongoing expenses incurred in the connection with the administration and operation of the Fund such as custodian fees, administration and audit fees, and other ordinary expenses of operating the Fund (but not including transaction costs or extraordinary expenses) will be not more than 1.44%, including GST, of the gross assets of the Fund. This figure is inclusive of a 0.15% per annum cap for ordinary expenses.

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