Investment Fees

The Indirect cost ratio is an estimate of the costs for investing in the Fund’s assets which are deducted from investments rather than paid directly by the Fund. It includes expenses that do not form part of the investment fees incurred in investing the assets (but excludes Buy-sell spread).

The estimated Indirect cost ratio figures for each investment option is shown in the table below.

These figures are based on indicative annualised calculations for the 2015–16 financial year except where indicated below. The figures will change throughout the year due to factors such as cash flow, changes in the Fund’s investment managers, and changes in asset allocation.

INVESTMENT FEES AND INDIRECT COST RATIO

Investment option 

TOTAL estimated investment fee1

inc. investment fee deducted from investment options or your account

TOTAL estimated indirect cost ratio

 inc. estimated transactional & operational costs

Balanced (MySuper / default)

0.15

0.05

0.46

0.05

Balanced - effective 1/11/2016

0.17

0.07

0.46

0.05

High Growth

0.21

0.06

0.60

0.09

Growth

0.18

0.05

0.50

0.06

Growth - effective 1/11/2016

0.19

0.06

0.50

0.06

Moderate Growth

0.03

0.03

0.52

0.00

Stable

0.08

0.05

0.31

0.04

Income Plus

0.03

0.03

1.17

0.00

Australian Shares

0.37

0.05

0.02

0.02

Passive Australian Shares

0.03

0.03

0.07

0.00

Australian Small Companies

0.03

0.03

1.08

0.00

Diversified Shares

0.03

0.03

0.82

0.00

Australian Shares Fund for Tax Exempt investors2

0.03

0.03

0.65

0.00

Overseas Shares

0.05

0.05

0.45

0.08

Passive International Shares

0.03

0.03

0.28

0.00

Hedged International Shares

0.03

0.03

0.72

0.00

Emerging Markets Shares

0.03

0.03

0.77

0.00

Sustainable Future Shares

0.05

0.05

0.61

0.00

Property

0.05

0.05

0.45

0.06

Global Listed Property

0.03

0.03

1.20

0.00

Global Listed Infrastructure

0.03

0.03

1.03

0.00

Unlisted Infrastructure2

0.05

0.05

0.61

0.00

Global Natural Resources

0.03

0.03

1.34

0.00

Fixed Interest

0.05

0.05

0.22

0.01

Cash

0.05

0.05

0.01

0.00

Direct Investment3

0.10 % + $203.50 p.a.4

0.10+203.50 p.a.4

0.00-1.005

03

LifetimePlus2

0.05

0.05

0.44

0.00

Smartpath

2014-20186

 

 

 

 

2009-20136

 

 

 

 

2004-20086

 

 

 

 

1999-20036

 

 

 

 

1994-19986

 

 

 

 

1989-19932

0.03

0.03

0.76

0.00

1984-1988

0.03

0.03

0.77

0.00

1979-1983

0.03

0.03

0.78

0.00

1974-1978

0.03

0.03

0.79

0.00

1969-1973

0.03

0.03

0.80

0.00

1964-1968

0.03

0.03

0.80

0.00

1959-1963

0.03

0.03

0.76

0.00

1954-1958

0.03

0.03

0.65

0.00

1949-1953

0.03

0.03

0.65

0.00

Before 19492

0.03

0.03

0.65

0.00

1. The investment fee, excluding the fee set by Media Super, is an estimate only as actual costs will vary based on actual asset allocations to individual investments throughout the year.

2. The indirect cost ratio is based on indicative annualised calculation for the 2016-17 financial year.

3. Transactional and operational costs for the Direct Investment option are shown on the Fees and charges page.

4. Indexed at 1 April each year.

5. ICRs apply to individual investments held within the Direct Investment option. Refer to the Direct Investment Guide for details. The ICR for the cash transaction account is estimated at 0.01%

6. These cohorts are initially combined with the 1989-1993 cohort. As at the date of this document, the investment fees for these cohorts are the same as for the 1989-1993 cohort.

 

 

Buy-Sell spreads

Media Super may charge a Buy-sell spread in order to recover transaction costs incurred in relation to the buying and selling of the underlying assets of each investment option. The Trustee does not currently charge a buy-sell spread, but reserves the right to do so.

 

Definitions of the fees summarised above can be found on our Defined Fees page.

For a full explanation of fees and costs, refer to the Additional Information about your Super Guide or the Pensions Guide PDS.