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Fees

The fund charges for each fund are set out in the table below. 

Fund Annual fee* Other costs (estimate)* Total estimated annual fund charges*
Conservative Fund 0.70% 0.03% 0.73%
Balanced Fund 0.80% 0.08% 0.88%
Growth Fund 0.90% 0.13% 1.03%

* Percentage of net asset value per annum of each fund. The ‘Other costs’ are an estimate of third-party charges relating to other funds our funds invest in.

For more information on the fees, check out the Product Disclosure Statement.

Transaction costs (Variable Buy/Sell Spreads)

Generally speaking, when you invest, we need to buy investments on your behalf. Similarly, when you make a withdrawal, we need to sell some investments. When we buy and sell investments, there is a small cost.

We apply these costs only to those investors who have made a contribution/withdrawal – and not to those that haven’t made any transactions so that it’s fair (otherwise, people who didn’t make any contributions or withdrawals would be paying some of the costs that were incurred only by people who did). This cost is called a ‘buy/sell spread’ and is paid back into the fund. We don’t receive any benefit from the spreads.

As an example, based on the current spreads if you were to contribute $100 to the Balanced Fund the buy spread would be just $0.13.

The current spreads are set out in the table below.

Fund Buy spread Sell spread
Conservative Fund 0.1601% 0.1586%
Balanced Fund 0.1345% 0.1304%
Growth Fund 0.1154% 0.1093%

The buy/sell spread is variable in that you’ll pay a lower buy/sell spread than set out above if there are both investments into and withdrawals out of a fund taking effect on the same day. This is because the fund does not need to buy or sell underlying investments to the extent that there is a netting of investments and withdrawals.

We review the buy/sell spreads periodically to check that they reflect the actual cost of buying and selling investments and can change them without notice.

Note that the buy/sell spread also applies to other transactions such as a switch between funds or a rebalance.

For more information on the buy/sell spread, check out the Product Disclosure Statement.

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