The Clover Fee includes all advice, portfolio management, brokerage for buying ETFs in your name, and re-balancing costs. We charge the fee on a monthly basis by taking into account the average account balance for the month.

Please note, the Clover Fee does not include the inbuilt ETF fee.

All ETFs have an embedded fee which any investor who holds the ETF incurs. This fee is inbuilt into the ETF -- the return is net of this fee. Thus you don’t pay this fee explicitly but it is a cost you incur when investing via ETFs.

For base portfolios, the weighted average cost of the ETF fee is circa 0.19% to 0.25% per year.

For Socially Responsible Investment portfolios, the weighted average cost of the ETF fee is circa 0.23% to 0.40% per year.

Further details on this fee is available in your Statement of Advice document.

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