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	0.05%	0.05%
MLC MultiSeries 50	0.10%	0.10%
MLC MultiSeries 70	0.10%	0.10%
MLC MultiSeries 90	0.15%	0.15%
MLC MultiActive
MLC MultiActive Capital Stable	0.10%	0.10%
MLC MultiActive Conservative	0.10%	0.10%
MLC MultiActive Moderate	0.10%	0.10%
MLC MultiActive Balanced	0.15%	0.15%
MLC MultiActive Growth	0.15%	0.15%
MLC MultiActive Cash Enhanced	0.02%	0.02%
MLC MultiActive Diversified Fixed Income	0.15%	0.15%
MLC MultiActive Australian Shares	0.20%	0.20%
MLC MultiActive Global Shares	0.15%	0.15%
MLC MultiActive Property	0.30%	0.30%
Strategic Funds
Strategic Cash Plus Fund	0.00%	0.00%
Strategic Fixed Interest Fund	0.02%	0.04%
Strategic Australian Equity Fund	0.15%	0.15%
Strategic International Equity Fund	0.15%	0.15%
Strategic Global Property Fund	0.20%	0.20%
Strategic Sustainable Global Bond	0.05%	0.05%
Strategic Infrastructure Fund	0.10%	0.10%
Specialist Funds
Specialist Diversified Fixed Interest Fund	0.15%	0.15%
Specialist Australian Shares Fund	0.20%	0.20%
Specialist Global Shares Fund	0.15%	0.15%
Foundation Funds
Foundation Assertive Fund	0.10%	0.10%
Foundation Balanced Fund	0.10%	0.10%
Foundation Conservative Fund	0.01%	0.03%
IOOF Income Trust
IOOF Income Trust	0.15%	0.15%

Important information

This information is prepared by IOOF Investment Services Ltd (‘IISL’) (ABN 80 007 0350 405, AFSL 230703) as Responsible Entity of the products listed above.

For information on the products, please refer to the relevant product’s offer document at Forms and documents. Before an investor acquires a financial product, they should obtain and consider the applicable Product Disclosure Statement (PDS). Target Market Determinations (TMDs) for relevant products are also required to be made available and considered by distributors. You can access a copy of the offer document by contacting our Investor Services team on 1800 002 217 between 8am and 6pm (AEST), Monday to Friday, or email investorservices@insigniafinancial.com.au.

IISL is a member of the group of companies comprised of Insignia Financial Ltd, its related companies and associated entities (‘Insignia Financial Group’). No member in the Insignia Financial Group guarantees or otherwise accepts any liability in respect of any financial product referred to in this communication.