g41 - Good pickup. These are just the locked-in fees there are...

g41 - Good pickup. These are just the locked-in fees there are other potential costs.

cutty - There's no mistake, this is Monash's own document. It does NOT have anything to do with the conversion. These are the minimum costs that will apply.

FYI: I am an expert in LICs/LITs and actually calculate TERs for all of them. MA1's for 2020 was 5%. See their Annual Report. Note this doesn't include tax so 5% is the minimum assuming all your tax is returned to you via franking credits.

LICs/LITs like virtually all active funds do not disclose their TERs as the figures are multiples of their disclosed management fees and are shocking.