DWS Strategic Value Fund - Colonial First State

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Fees and other costs (continued)Example of annual fees and costsThese tables give an example of how the fees and costs for this product can affect your investment over a one yearperiod. You should use these tables to compare this product with other managed investment products.Example – where no Performance Fee is payableEXAMPLEBALANCE OF $50,000 WITH A CONTRIBUTIONOF $5,000 DURING YEARContribution fees Nil For every additional $5,000 you put in, you will be charged $0.PLUS Management Costs 1EQUALS Cost of Fund1.10% pa of the NetAsset Value plus15% outperformanceover hurdle rate 2 .And, for every $50,000 you have in the Fund you will becharged $550.00 each year.If the requirements of a Performance Fee to be paid are notmet, no Performance Fee will be charged.If you had an investment of $50,000 at the beginning of theyear and you put in an additional $5,000 during that year, youwould be charged fees of:$550.00 3What it costs you will depend on the fees you negotiatewith your fund or financial adviser.1 The Management Costs and Performance Fee include all the direct and indirect costs for managing the Fund, however it does not include theexpenses incurred in operating DB Strategic Value Fund LLC. Refer to ‘Additional explanation of fees and costs’ on page 15 for more detail.2 See ‘Performance Fee’ on page 15 for a more detailed description of how the Performance Fee is calculated.3 The example assumes that the $5,000 was invested at the end of the year and that your balance remains constant at $50,000 throughout the year(i.e. no further contributions are made and the Fund’s unit price does not change) and fees are not individually negotiated with us. The exampledoes not include any ongoing financial planner commission charged or bank or government charges, which may reduce the value of your investmentfurther. The example does not include the effect of any transaction costs (including the buy/sell spread) or abnormal expenses which may beincurred by the Fund.Example – where a Performance Fee is payableEXAMPLEBALANCE OF $50,000 WITH A CONTRIBUTIONOF $5,000 DURING YEARContribution Fees Nil For every additional $5,000 you put in, you will be charged $0.PLUS Management Costs 1EQUALS Cost of Fund1.10% pa of the NetAsset Value plus15% outperformanceover hurdle rate 2 .And, for every $50,000 you have in the Fund you will becharged $550.00 each year.And, if the requirements for a Performance Fee to be paidare met, you will be charged $225.00 3 (outperformance of3% x 15% x $50,000) based on the value of your investment.Refer to Additional explanation of fees and costs on page 15for more detail.If you had an investment of $50,000 at the beginning of theyear and you put in an additional $5,000 during that year, youwould be charged fees of:$775.00 4What it costs you will depend on the fees you negotiatewith your fund or financial adviser.1 The Management Costs and Performance Fee include all the direct and indirect costs for managing the Fund, however it does not include theexpenses incurred in operating DB Strategic Value Fund LLC. Refer to ‘Additional explanation of fees and costs’ on page 15 for more detail.2 See ‘Performance Fee’ on page 15 for a more detailed description of how the Performance Fee is calculated.3 The Performance Fee is based on an absolute outperformance of the Fund to the hurdle rate by 3.00% over the year and the Fund is at or above theprevious level at which the fee was paid. This is for illustrative purposes only and there is no guarantee that the Fund will outperform the hurdle rateby this amount in any one period. Refer to ‘Additional explanation of fees and costs’ on page 15 for more detail.4 The example assumes that the $5,000 was invested at the end of the year and that your balance remains constant at $50,000 throughout the year(i.e. no further contributions are made and the Fund’s unit price does not change) and fees are not individually negotiated with us. The exampledoes not include any ongoing financial planner commission charged or bank or government charges, which may reduce the value of your investmentfurther. The example does not include the effect of any transaction costs (including the buy/sell spread) or abnormal expenses which may beincurred by the Fund.Please note that this is an example only. The actual cost of investing in the Fund over one year will depend on howmuch is invested, the investment balance of your account (which varies over time), the number and type oftransactions over the year, and the net asset value of the Fund.14
Additional explanation of fees and costsManagement CostsThe Management Costs comprisethe Investment Management Fee of1.10% pa of the net asset value ofthe Fund and, where appropriate, aPerformance Fee (see below). TheManagement Costs do not includecosts or expenses incurred at theunderlying DB Strategic ValueFund LLC level as these costs andexpenses are reflected in the NetAsset Value of that underlying fund.These costs are indirect costs to theinvestor and will reduce the returnto the investor. For the currentfinancial year, the estimate of costsrelating to DB Strategic Value FundLLC are approximately 0.19% perannum of the Net Asset Value ofthat fund. This may change overtime and actual expenses may bemore or less than this estimate.These expenses include custody,fund administration, accounts, auditand legal in respect of DB StrategicValue Fund LLC.Performance FeeWe are entitled to receive aPerformance Fee if the Fundoutperforms the ‘hurdle rate’.This fee is accrued monthly andpayable half yearly as at 30 Juneand 31 December.The Performance Fee is 15% of theFund’s percentage increase in netasset value after ongoing fees arededucted (adjusted for issuance andwithdrawals of units, anddistributions (‘adjusted NAV’) inexcess of the UBS Australian BankBill Index (‘hurdle rate’).The Performance Fee will only bepaid on increases in adjusted NAVin excess of the previous level atwhich the fee was paid (also knownas the high-water mark). ThePerformance Fee is charged at aFund level and may not reflect theperformance achieved by eachindividual investor.Transaction costs (buy/selldifferential)The Fund’s Constitution allows unitprices to be adjusted for transactioncosts (buy/sell differential). Anybuy/sell differential is an additionalcost to you.There is currently no buy differentialfor units in the Fund as at the dateof this PDS.Maximum fees we are allowedto chargeWe may increase all the fees for thefund, or introduce new fees due toreasons such as changing economicconditions and changes inregulations.The Constitution for the Fund setsthe maximum amount of fees wecan charge. The maximum fees weare allowed to charge are set out inclauses 19.1 to 19.3 of theConstitution which is incorporatedby reference in this PDS, pleaserefer to page 21.We cannot charge more than theConstitution allows, and unitholderapproval is required to change theConstitution in this regard.Different fees for differentinvestorsIndividual negotiation ofManagement Costs may be availableto sophisticated and wholesaleinvestors, as defined in theCorporation Act, such as InvestorDirected Portfolio Services (‘IDPS’)operators and superannuation mastertrusts. Differential fees may becharged but only in accordance withthe Corporations Act requirementsand any ASIC Class Orders ondifferential fees.Sophisticated or wholesale investorswishing to negotiate their feesshould contact Client Services on1800 034 402.We will not enter into individual feearrangements with retail investors.Product access paymentSome IDPS operators charge anannual access payment for offeringthe Fund on their menu. Theproduct access payment is not anadditional cost to you and will notreduce any returns you may receive.Bank and government chargesIn addition to the fees set out in thissection, standard government fees,duties and bank charges may alsoapply to investments andwithdrawals (including dishonourfees and bank charges) and maybe payable by the investor.TaxAll fees in this PDS are showninclusive of the net effect of Goodsand Services Tax (GST) unlessotherwise stated. For furtherinformation regarding the taximplications of an investment in theFund, please refer to page 18.Financial adviser remunerationFinancial advisers may charge youfor advice about your investment.The amount of adviser service feeis agreed between you and yourfinancial adviser. You can chooseto authorise us to pay your financialadviser for services rendered bycompleting the relevant section onthe Application Form. For example,the agreed percentage amountof your investment may becalculated as at 20 March, 20 June,20 September and 20 December ofeach year, and paid to your financialadviser soon thereafter.Alternatively, you may choose to payyour financial adviser an upfront fee.The fee is treated as a withdrawalfrom your account and may have taximplications. If you wish to cancel orchange the payment of this fee to15
Page 1 and 2: DWS Strategic Value FundARSN 089 89
Page 3 and 4: ContentsWe encourage you to read th
Page 5 and 6: About DWS Investments andDeutsche A
Page 9 and 10: Risks of investingUnderstanding inv
Page 11 and 12: Investing in the FundTo invest, you
Page 13 and 14: Accessing your moneyYou may request
Page 15: Fees and other costsConsumer Adviso
Page 19 and 20: Keeping you informedAs an investor
Page 21 and 22: The Fund is unlikely to qualify for
Page 23 and 24: Additional information for investor
Page 25 and 26: Some of the personal informationwe
Page 27 and 28: DWS Strategic Value FundApplication
Page 29: Type of Investor Description Inform
Page 32 and 33: Part 1: Individual or Joint Individ
Page 34 and 35: Part 5: Other Entities (continued)R
Page 36 and 37: Section H: Applicant Declaration an
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DWS Strategic Value Fund - Colonial First State

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