Fees and costs

What you need to know

Below is a brief overview of the fees and costs that may be applicable to your managed funds investment.

You will need to read our managed funds product guide (PDS) for the full list and explanation of fees and costs, as well as examples on how these fees and costs affect your investment.

Different contribution fees based on payment option

We offer two types of contribution fees to direct investors in our managed funds (that is, not investing through an adviser or other third party).

The contribution fee you pay depends on how you choose to fund your investment:

  • If you elect to receive paper correspondence from us and invest by cheque – the Standard (non-electronic) contribution fees apply
  • If you elect to receive electronic correspondence from us and invest by BPAY or direct debit (via a Regular Investor Plan) – the Electronic contribution fees apply.
TYPE OF FEE OR COST AMOUNT
Fees when your money moves in or out of the managed funds  

Establishment fee

The fee to open your investment

 Nil – we do not charge this fee.

Contribution fee

The fee on each amount contributed to your investment

Standard (non-electronic)

3.6% for Balanced, Larger Companies, Smaller Companies, International Equities.

0.5% for Income.

Nil for Property.

Electronic

2.0% for Balanced, Larger Companies, Smaller Companies, International Equities.

0.5% for Income.

Nil for Property.

Withdrawal fee

The fee on each amount you take out of your investment

 Nil – we do not charge this fee.

Termination fee

The fee to close your investment

 Nil – we do not charge this fee.
Buy-sell spread
The difference between the price at which you can buy a unit and the price at which you can sell it; a measure of transaction costs.
Investment option Buy Sell
Balanced 0.11% 0.10%
Smaller Companies 0.07% 0.08%
Income 0.00% 0.00%
Larger Companies 0.07% 0.11%
International Companies 0.15% 0.15%
Property 1.85% 2.53%
Climate Advocacy 0.19% 0.19%
Management costs – the fees and costs for managing your investment  
Administration and investment management fee:

1.9% per annum for Balanced, Larger Companies, Smaller Companies.

1.35% per annum for International Equities.

1.13% per annum for Income.

1.28% for Property.

Plus
Expense recoveries:

0.32% - 0.5% per annum for Balanced, Larger Companies, Smaller Companies, International Equities and Income

0.8%-0.95% per annum for Property

Service fees  

Investment switching fee

The fee for changing investment choices

 0% to 3.6%
Adviser service fee Refer to the managed funds product guide
Additional Property Trust fees  

Performance fee

The fee chaged by us if the performance of the Property Trust exceeds its benchmark.

 20.5% of the outperformance of the Property Trust over its benchmark

Acquisition fee

The fee charged by us when property is acquired for the Property Trust. It covers our work in identifying, negotiating and settling of property transactions.

 2.05% of the acquisition value of the
property acquired

Asset disposal fee

The fee charged by us when a property owned by the property trust is sold. It covers our work in disposing of a property.

 2.05% of the net proceeds of disposal of trust property

Transfer fee

The fee charged by us on a transfer of units in the trust.

 0.5% of the consideration payable on the transfer of units or $102.50 (whichever is greater)

Retirement or removal fee

The fee changed by us if we retire or are removed as responsible entity for the trust.

 Equal to the administration and management fee charged by us over the 12 months prior to the retirement or removal.