Updated Buy/Sell spreads from 3 July 2023
The Buy / Sell spreads for our Balanced and Growth Fund (Super) have increased, effective 3 July 2023. This is to reflect a general increase in underlying transacting costs.
You can find updated details of all our fees and costs on our Superannuation fund fee page. If you have any questions, feel free to call our helpline on 1800 021 227, 8:30am to 5:30pm AEST (Monday to Friday).
Below is an overview of all fees that have changed from 3 July 2023 and may apply to your Super account with Australian Ethical.
|
Type of fee or cost |
Fund name |
Change from (%) |
Change to (%) |
|---|---|---|---|
|
Buy / sell spread |
Balanced |
0.05% / 0.05% |
0.10% / 0.10% |
|
Growth |
0.05% / 0.05% |
0.10% / 0.10% |
|
Type of fee or cost |
Definition |
|---|---|
|
Buy/sell spreads |
The buy–sell spread is a fee to recover transaction costs incurred in relation to the purchase and sale of assets of the Fund and is used to adjust the unit price. It is an additional cost to you and is incurred when you contribute, transfer or redeem. We will use a buy–sell spread to recover transaction costs from you so that other investors are not paying for the cost of your transaction. It is not a fee paid to us. |