MER fee reduction to 0.25% pa capped

Paragon is also pleased to announce that the Management Expense Recovery fee charged to the Fund will be reduced from 0.5% to 0.25% pa capped from 1 January 2017 and will be reflected in the PDS from this date.

Paragon is permitted to recover all usual fund expenditure incurred specifically for running the Fund. This is recovered by way of an expense recovery fee, which Paragon has elected to reduce to 0.25% pa.

It is important to remind Unit Holders that the rate charged can be changed at the discretion of the responsible entity, as disclosed in the latest PDS. Unit Holders will be given notice of any such changes.