The Funeral Fund invests directly in the U Ethical Enhanced Income Trust - Wholesale, a diversified portfolio of cash and fixed-income securities.
- Investment and accumulated interest to be put towards funeral expenses
- Remaining balances paid to your estate
- No entry, exit or transaction fees
Who can invest?
Estimated up to 1.25% p.a. 1
Half yearly (30 June, 31 December)
Anytime by BPAY or recurring direct debit
The executor must present invoices or proof of payment for funeral expenses to U Ethical. Any remaining balances will be paid to your estate.
Maximum investment amount
2 Feb 1997
1 No fees for establishment, contributions, redemptions or exit. From 4 July 2019, management fees are 1.25% p.a and recoverable expenses are 0.05% p.a. The Trust’s investment in the U Ethical Enhanced Income Trust - Wholesale is not charged any management costs.
Indicative income rates are current as at date of publication and are subject to change. The trustee and issuer do not guarantee the repayment of capital or any particular income or distribution rates of its products.
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