Quick answer
You generally do not need to add that line. It is an RG97 disclosure amount (ASIC Regulatory Guide 97) that is already included in the fund's unit price and in your net distributions. To avoid double counting, only add a transaction when your statement shows a separate deduction, such as a cash fee or units cancelled to pay a fee.
This article is general information about how Navexa handles fund prices and statements. It is not personal financial or tax advice.
Definitions
RG97 (ASIC Regulatory Guide 97)
Fee and cost disclosure rules used in product disclosure statements and periodic statements.
NAV (Net Asset Value)
What it is: NAV per unit = (Total assets - Total liabilities) ÷ Units on issue.
Includes: Accrued income, gains and losses, and costs incurred inside the fund (management, custody, audit, fund trading costs) that are accrued into the unit price.
Excludes: Your brokerage to buy or sell units, platform or advice fees, and taxes outside the fund.
Who this applies to
Managed funds, unlisted unit trusts, ETFs/active ETFs where management costs are accrued daily and reflected in the NAV/unit price.
Custom investments representing funds (you enter unit prices manually) - same principle applies.
Does not apply to:
Platform, admin or advice fees that hit your cash account. Record these as a Fee in the cash account.
Statements that show units cancelled to pay a fee. Record a small Sell.
Brokerage on buys or sells. Use the Brokerage field on each trade.
AMIT tax components or cost base adjustments. Enter via Income → Statement components.
Why you don’t add the RG97 “fees” line
The amount is an apportioned estimate for disclosure; it’s not a transaction.
Performance and distributions are quoted net of fees and costs, so adding a separate fee would double‑count and understate returns.
When you should record something
Cash fee debit appears on your statement (e.g., platform/admin/advice fee)
Go to Cash Account → Add Transaction → Fee
Enter the statement date and amount; add a note (e.g., “Platform fee”).
Units cancelled to pay a fee
Open the holding → Add Trade → Sell
Quantity = the small number of units redeemed; Amount = the fee value
Note: “Units cancelled to pay fee”.
Custom investment tip: keep the RG97 figure visible without double‑counting
If you’d like the disclosed figure for reference:
Open the holding → Add Note
Paste:
FY20XX RG97 fees (ASIC Regulatory Guide 97): $X.XXOptionally attach the statement PDF.
Because your custom investment price comes from the fund’s NAV, which is already net of fees, your performance in Navexa is already net‑of‑fee.
Examples
Unlisted managed fund (custom investment): You paste the monthly unit price (which is net of fees). Do not add the RG97 line. If you see “units cancelled to pay a fee”, record a small Sell.
Listed ETF (ticker‑based): Market price already reflects management costs. Do not add RG97. Only record explicit platform fees or unit cancellations (rare for ETFs).
FAQs
Q: I want to see what I paid in fees. How can I surface it?
A: Use a Note for the RG97 total (for visibility) and only book explicit fees to avoid double counting.
Q: What about buy/sell spreads?
A: These are implicit and built into your entry/exit price. You don’t add them as fees.
Q: Performance fees?
A: If charged inside the fund, they’re in the unit price. Only record separately if there’s a distinct debit or unit cancellation.
Edge cases
Separately Managed Accounts (SMAs): many fees are cash‑debited - record them in the cash account.
Private funds or bespoke structures: check whether prices you load are net or gross of internal costs. If net, follow this guide; if gross, speak to support.
Avoid double counting
If the cost is already in the price, don’t add a separate fee.
Only record explicit debits or unit cancellations shown on your statements.
This article is general information for Navexa users and not financial advice.