What are the fees?

Below is an overview of the fees and costs that may be applicable to your super account with Australian Ethical.

You need to read our Super Product Disclosure Statement for the full list and explanation of fees and costs, as well as examples on how these fees and costs affect your investment.

There have been changes to fees from 1 October 2020, please see our Product disclosure page for more information.

Indirect costs are deducted from the Fund's assets, or assets of interposed vehicles, before the unit price is calculated.

Type of fee or cost

Amount^

How and when paid

Investment fee

Defensive

0.20% p.a.

Investment fees are paid from the Fund’s assets prior to unit prices being calculated. The investment fee you pay will depend on the investment options you are invested in.

Conservative

0.63% p.a.

Balanced (accumulation)

0.64% p.a.

Balanced (pension)

0.67% p.a.

Growth

0.99% p.a

Advocacy

1.20% p.a.

International Shares

1.10% p.a.

Australian Shares

1.25% p.a.

Administration fee

$97 per annum, plus 0.29% of your account balance per annum.

Dollar based fees are deducted from your account monthly. Percentage administration fees are paid from the Fund’s assets prior to unit prices being calculated.

Buy-sell spread#

Defensive

0.00%

Applied to the unit price before processing each buy and sell transaction.

Conservative

0.05%

Balanced (accumulation)

0.05%

Balanced (pension)

0.05%

Growth

0.05%

Advocacy

0.05%

International Shares

0.05%

Australian Shares

0.20%

Switching fee

Nil@

Exit fee

Nil

Advice fee

Nil

Additional fees may be payable if a financial adviser is consulted.

Other fees and costs

Refer to the Additional explanation of fees and costs for more information.

Indirect cost ratio*

Defensive

0.00% p.a.

Indirect costs are deducted from the Fund’s assets, or assets of interposed vehicles, before the unit price is calculated.

Conservative

0.05% p.a.

Balanced (accumulation)

0.12% p.a.

Growth

0.14% p.a.

Advocacy

0.00% p.a.

International Shares

0.00% p.a.

Australian Shares

0.00% p.a.

^ The fees shown are current for the 2020-2021 financial year and are subject to change. Further information and definitions of the fees can be found at australianethical.com.au/super/fees/

# The brokerage costs incurred in the year to 30 June 2020 were fully recovered by the buy-sell spread except for the Australian Shares option where 0.06% was not recovered.

@ You may incur a buy-sell spread whenever units are bought or sold including by way of switching. However, you won’t be charged a switching fee in addition to the buy-sell spread.

* The indirect cost ratio is calculated at 30 June 2020 based on the previous 12 months. These may change from year to year. 

Other fees, such as activity fees, advice fees, advice fees for personal advice and insurance fees may also be charged. These fees will depend on the nature of the activity, advice or insurance chosen by you.

Insurance fees and other costs relating to insurance are set out in the Insurance Guide.

If you consult a financial adviser, additional fees may be payable to the adviser. You should refer to the adviser’s Statement of Advice for details.

Defined fees – 1 July 2019

A fee is an activity fee if: (a) the fee relates to costs incurred by the trustee of the superannuation entity that are directly related to an activity of the trustee:(i) that is engaged in at the request, or with the consent, of a member; or (ii) that relates to a member and is required by law; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a buy/sell spread, a switching fee, an advice fee or an insurance fee.

An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs that relate to that administration or operation, other than:

(a) borrowing costs
(b) indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product
(c) costs that are otherwise charged as an investment fee, a buy-sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.

A fee is an advice fee if: (a) the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by: (i) a trustee of the entity; or (ii) another person acting as an employee of, or under an arrangement with, the trustee of the entity; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an activity fee or an insurance fee.

A buy/sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.

An exit fee is a fee, other than a buy-sell spread, that relates to the disposal of all or part of a member’s interests in a superannuation entity.

The indirect cost ratio (ICR) for a MySuper product or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the MySuper product or investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option.

Note: A fee deducted from a member’s account or paid out of the superannuation entity is not an indirect cost.

An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:

(a) fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees)

(b) costs that relate to the investment of assets of the entity, other th​an:
(i) borrowing costs
(ii) indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product
(iii) costs that are otherwise charged as an administration fee, a buy-sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.

A switching fee:

(a) for a MySuper product—is a fee to recover the costs of switching all or part of a member’s interest in a superannuation entity from one class of beneficial interest in the entity to another
(b) for a superannuation product other than a MySuper product—means a fee to recover the costs of switching all or part of a member’s interest in the superannuation entity from one investment option or product in the entity to another.