Indirect Cost Ratio (ICR) |
The Indirect Cost Ratio for an investment fund is the same for all people who have chosen that investment.
Other Management Costs (OMC) |
Other Management Costs is only shown in the ‘Total fees you paid’ section of your statement.
How is Other Management Costs calculated? |
 | Your average account balance | . . X | Indirect Cost Ratio (ICR) | . . = | Other Management Costs (OMC) |
Example 1: Other Management Costs calculation
| Your average account balance | | Indirect Cost Ratio (ICR) | | Other Management Costs (OMC) |
| Example investment | $5,000 | X | 2% | = | $100 |
What if you have more than one investment fund? |
Example 2: Other Management Costs calculation
| Your average account balance | | Indirect Cost Ratio (ICR) | | Other Management Costs (OMC) |
| Example investment A | $5,000 | X | 2% | = | $100 |
| . | | | | |
| Example Investment B | $7,000 | X | 1.5% | = | $105 |
Total Other Management Costs (shown on statement): | $205 | ||||
Why is Other Management Costs approximate? |
These are your average account balance (which changes daily) and the Indirect Cost Ratio (which is calculated periodically by the fund manager).
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As at 30th March 2011, AXA Asia Pacific Holdings Limited and all of its Australian and New Zealand subsidiaries ceased to be members of the Global AXA Group and became members of the AMP Group.
