Other provider offer at AAM

(1) is detailed here http://www.nofinancialadvice.com/SmartFunds.html -

New Ireland Smart Funds

Minimum Investment: €5,000.00
Standard Allocation Rate: 100%
Bid/Offer Spread: Nil
Annual Management Charge: 1.5% for amounts up to €100,000; 1.375% for amounts over €100,000.
Early Exit Penalties: 5% in year 1, 4% in year 2, 3% in year 3, 2% in year 4 and 1% in year 5.
Funds available: Range of 25, including 6 Index-tracking funds.
NoFinancialAdvice.com Special Terms: Additional 2% allocation added on day one. In other words, a 2% bonus will be added to your invstment from the outset. Thereafter, the terms and conditions are exactly as per the standard product.

(2) is 100% allocation, reduced annual management charge of 1.5% (for the geared fund) for sums under €100,000 and NO early exit penalties.

The Geared High Yield Equity Fund carries an annual management charge that is 0.25% higher than other Smart Funds, so add 0.25% onto all annual management charges quoted in the above link.

So Q's

Is it as follows

Option 1
5000 investment-
??% commission -year 1 only? what commision is there?
-1.5% AMC -year 1
-1.5% AMC -year 2
-1.5% AMC -year 3
-1.5% AMC -year 4
-1.5% AMC -year 5
Total Charges = 7.5% + ? commision

There are exit charges - Early Exit Penalties: 5% in year 1, 4% in year 2, 3% in year 3, 2% in year 4 and 1% in year 5.
There is a 2% extra allocation?

Option 2
5000 investment
-?% commission -year 1 only? what commision is there?
-1.5% AMC -year 1 - Is there +0.25% extra charge each year cos it's a Geared fund
-1.5% AMC -year 2
-1.5% AMC -year 3
-1.5% AMC -year 4
-1.5% AMC -year 5
Total Charges = 7.5% no exit charges