The Product Disclosure Statement
(PDS) contains everything you need
to know, from investment options and
the investment process to application
and direct debit forms.

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Fees and taxes

ME Investment Funds, unlike many other investment or managed funds, don't charge any establishment or exit fees for opening or closing your account. No commissions are paid to financial planners, which means more of your money is working for you.

Fees which do apply are stated below:

Management fee

Represents all ongoing fees such as administration, investment management and ongoing operating expenses of the Investment Funds on a per annum basis (not including transaction costs, please see below).
Applies to each Fund you invest in.
The fee is charged proportionately to your account each month. It is based on the value of your account on the last day of the month.

Investment fund	$0 to $50,000	$50,001 to $100,000	$100,001 and more
Secure	1.00%pa	0.85%pa	0.70%pa
Income Plus	1.34%pa	1.19%pa	1.04%pa
Growth	1.54%pa	1.39%pa	1.24%pa
High Growth	1.54%pa	1.39%pa	1.24%pa
Australian Share	1.54%pa	1.39%pa	1.24%pa
International Share	1.54%pa	1.39%pa	1.24%pa
Property	1.44%pa	1.29%pa	1.14%pa

We undertake to notify all investors of any increase in fees and charges at least 30 days before the change takes effect. We may increase fees and charges without your consent. The circumstances which may cause us to increase fees and charges include, without limitation, Government changes to legislation, increased costs, significant changes to economic conditions and/or the imposition or increase of processing charges by third parties.

Transaction Costs

Transaction costs are charged to ensure that costs associated with buying and selling assets are met by those investors transacting only. They are not a fee paid to the Trustee, however they are paid to the external investment managers.
Covers costs such as brokerage, government taxes/duties/levies, bank charges and account transaction charges when assets are bought and sold.
Applies when you invest, switch or withdraw all or part of your investment.

Investment fund	Buy costs	Sell costs
Secure	0.06%	0.07%
Income Plus	0.10%	0.12%
Growth	0.18%	0.17%
High Growth	0.20%	0.17%
Australian Share	0.25%	0.18%
International Share	0.17%	0.17%
Property	0.30%	0.30%

The above transaction costs are current as at 21 April 2010 and may differ from what is disclosed in the current ME Investment Funds Product Disclosure Statement.

Transaction costs may be changed at anytime without notice. Investors will be notified of any changes as soon as practicable after the change and in any event, via the next quarterly communication.

Taxation

Investing in the ME Investment Funds might have tax implications. Tax can be very complex and is particular to your personal circumstance. We recommend that all potential investors to seek independent professional taxation advice. For more information, please read page 37 in the Product Disclosure Statement, or call us on 1300 655 286.

We will send you the following documentation at the end of the financial year to assist you with the preparation of your tax return:

your Distribution Information Statement (including your portion of the Fund's taxable income, imputation credits and foreign tax credits (any amounts of capital profits distributed);
your Capital Gains Taxation (CGT) Information Statement; and
a Tax Guide to help you fill out your the income tax return form.
See tax information for investors for more information