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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.

Australian Ethical acknowledges the Traditional Owners of the country on which we work, the Gadigal people of the Eora Nation, and recognise and celebrate their continuing connection to land, waters and culture. We pay our respects to Elders past and present and thank them for protecting Country since time immemorial.

See our Reconciliation Action Plan