ASL charges a flat management fee for the amount invested in each mortgage security for
the term of the investment. Despite continued successful growth, new technology and streamlined processes
that have kept pace with rising regulatory, taxes, bank fees, compliance, insurance, external providers and
ordinary prudential expenses, ASL has had no fee increases since 1 July 2000.
ASL receives no margin on interest collected and no custodian fees are charged.
Management fees are paid in arrears and no management fees or transaction fees are charged on funds until invested in a mortgage security. The MER is therefore below the management fee.
ASL does not pay commissions to investment advisers. Investment advisers may elect to have their fees paid though our Financial Adviser facility. Details of this facility are explained in our Client Centre. Generally only independent financial advisers with no restriction on their investment products will be able to recommend an investment in a mortgage security with ASL. The transparent nature of an ASL investment ensures you will be informed of any fee deducted from your investment income.
For further information on fees and investments see the Product Disclosure Statement or visit the Client Centre