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MACQUARIE UNIT TRUST SERIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
9 Related party transactions/transactions with the Trustee, the Manager and their connected
persons (continued)
b) Performance fee (continued)
The cumulative performance fee accruals from the beginning of a performance period will be included in the
calculation of the net asset value per unit of the respective Sub-Funds. In the event of the net asset value per
unit of the respective Sub-Funds being less than the Benchmark Value, the daily performance fee accrual
will be negative and will reduce the cumulative performance fee accrual until the accrual reaches a minimum
level of zero. No further daily performance fee accruals will be made until the net asset value per unit of the
respective Sub-Funds exceeds the Benchmark Value.
At the end of a performance period the positive balance of the performance fee accrual will become payable
to the Manager and the performance fee accrual in the net asset value per unit of the respective Sub-Funds
will be reset to zero.
If any units are realised during a performance period, the cumulative performance fee accrued during such
performance period in respect of those units shall be crystallised and become payable to the Manager.
The performance fees charged during the year and the amount outstanding at the year end date are as
follows:
Performance fee expense
Performance fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND - - - -
MACQUARIE IPO CHINA GATEWAY FUND - - - -
MACQUARIE ASIA NEW STARS FUND 6,250 2,004 6,151 2,004
c) Administration fee
The Manager is entitled to receive an administration fee from each of the Sub-Funds of up to 1.0% per
annum of the net asset value of the respective Sub-Funds, however, it is the intention of the Manager to
charge a fee of 0.25% (2012: 0.25%) per annum of the net asset value of the respective Sub-Funds. Such
fees are accrued daily and calculated as at each valuation day for the respective Sub-Funds and is payable
quarterly in arrears.
The administration fees charged during the year end and the amount outstanding at year end date are as
follows:
Administration fee expense
Administration fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 82,199 101,840 20,508 22,147
MACQUARIE IPO CHINA GATEWAY FUND 147,669 172,761 38,261 38,208
MACQUARIE ASIA NEW STARS FUND 59,311 64,185 15,635 14,391
d) Transaction handling fee
The Trustee is entitled to receive a transaction handling fee for each purchase and sales transaction based
on the stock exchanges where the equity securities are listed.
The transaction handling fees charged during the year and the amount outstanding as at year end are as
follows:
Transaction handling fee expense
Transaction handling fee payable
2013 2012 2013 2012
US$ US$ US$ US$
MACQUARIE IPO CHINA CONCENTRATED CORE FUND 11,525 23,850 800 1,200
MACQUARIE IPO CHINA GATEWAY FUND 11,725 24,250 900 1,250
MACQUARIE ASIA NEW STARS FUND 66,159 35,408 12,287 6,983
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