The Ironbark tree is renowned for its strength and durability, which we believe is reflected in the features of our investment portfolio
CORPORATE EXPENSE RATIO (MER)
INVESTMENT
The investment management agreement with KFM provides for the payment of an investment management fee of 0.6% per annum of the value of the portfolio.
Performance is measured by reference to the one year interest swap rate plus 6%.
ADMINISTRATION
The Board estimates the MER for FY2025 will be approximately 1.25%.