Breaking down the fee barrier
Traditionally high fees and large initial investment amounts have prevented many people from accessing high quality investments. We have changed that with low set-up fees and a $10 minimum investment.
- No Initial Set Up Fee
There is no initial set up fee to establish an investment account. Once you establish your iTrust account, you can then add up to 10 beneficiary accounts and manage these accounts via your iTrust account.
- Account Maintenance Fee
Each Guardian pays an Account Maintenance Fee of $3.50 per month or $35.00 annually if paid in a lump sum. The account maintenance fee provides access to high quality investment funds and covers unlimited deposits, withdrawals and any adjustments you make to your investment allocation, all without any additional brokerage or other fees.
- Low Management Fee
iTrust charges a 0.3075% (or 30.75bps) management fee per annum based on the value of iTrust. The fee is paid to Stapleton Asset Management Ltd, the responsible entity of iTrust, and is accrued daily in the iTrust unit price. Please refer to the PDS for further information in relation to management fees.
- Additional management expenses
iTrust’s management expenses are estimated at 0.415% (or 41.5bps) per annum based on the value of iTrust and are accrued daily in the iTrust unit price. Management expenses include items such as custodian fees, audit fees and compliance committee fees. As the iTrust fund model is scale based, these expenses will decrease as a percentage of iTrust’s value as more investors and funds under management are added to iTrust. Please refer to the PDS for further information in relation to management expenses.
- Underlying fund fees
In addition to the management fee and management expenses noted above, which are charged at the iTrust level, fees are also charged by the investment managers of the underlying funds which iTrust invests in. These underlying fees are outlined in the PDS and vary from fund to fund. Where we quote returns for the underlying funds on the iTrust platform, these returns are calculated after deducting the underlying fund fees.