Heres my understanding of how it's worked with example of how...

Heres my understanding of how it's worked with example of how things occurred in the past. I am pretty confident in this.

They will be calculating the management and performance fees daily. Management fees will be paid on the average FUM at that day and performance fees will be calculated against the benchmarks return. They will alter the unit price accordingly when the half is over.

Shareholders received a performance fee last half (1H 2015) and we received one for June 2013 half (2H 2013)

They are currently 1.7% ahead of the MSCI world index to the 9th of June with an overall up since dec 31 2014 of 11.3%. These are numbers for the global fund.

I would suggest they will go very close to paying another perf fee again for this half assuming things stay as they are til 30 June. This will be paid on August 26th.

Regardless the management fee will be impressive hence me buying more at 18 last week.

Good luck

btw they will announce any performance fee they may get for H2 2015 in the first week of July with the FUM numbers.......