Investment funds rates, fees and agreements

For the guides and product disclosure statements for the ANZ Investment Funds, OneAnswer Multi-Asset-Class Funds and OneAnswer Single-Asset-Class Funds:

For fund performance reports, investment mix and updates:

An annual fund charge is charged to each fund per year (calculated as a percentage of the net assets of the fund). The annual fund charge is calculated daily and will reduce a fund's unit price. It is the only charge that currently applies to investors.

We deduct the annual fund charge from the funds; you won't see this on your investment account statement.

The actual charge may vary each year because expenses vary. Although you'll not pay more than the annual fund charge, expenses can be carried forward and recovered in future years. The current maximum annual fund charges are shown in the table below.

The annual fund charge is made up of the following:

• Our management fee
• The supervisor's fee
• Fund expenses
• Fees and expenses of underlying funds (that is, other funds in which the funds invest).

For more information about the fees for our investment funds, see the relevant scheme guides and product disclosure statements on Investments documents and forms.