Significant Event Notice - Lower fees from 1 October 2020
We’ve reduced one of our investment fees and a buy sell spread.
As part of our continued focus to provide great value ethical investments, we've reduced the investment fee for our Defensive investment option in super and pension, effective 1 October 2020. We’ve also reduced the buy / sell spread for our International Shares option in super and pension, effective 1 October 2020.
These reduced fees may apply to your account with Australian Ethical Super.
You can find details of the full list and explanation of our fees and costs on our pension fees page. If you have any questions, feel free to call our helpline on 1800 021 227, 8:30 am to 5:30 pm AEST (Monday to Friday).
|Type of fee or cost||Fund name||APIR code||Change from||Change from||How and when paid|
|Investment fee||Defensive||AUG0107AU||0.40% p.a.||0.20% p.a.||Investment fees are paid from the Fund’s assets prior to unit prices being calculated.|
|Buy-sell spread||International Shares||AET0001AU||0.10% p.a.||0.05% p.a.||Applied to the unit price before processing each buy and sell transaction.|
|Type of fee or cost||Definition|
An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:
|Buy sell spreads||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.|