Below is an overview of the fees that have changed from 2 October 2018 and 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.
|Type of fee or cost||Change from / to||How and when paid|
|Buy-sell spread||Defensive||0.00%||0.00%||Applied to the unit price before processing each buy and sell transaction.|
|Investment fee||Growth||1.05%||0.99%||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.|
|Type of fee or cost||Definition|
|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.|
|Investment fees||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); and
(b) costs that relate to the investment of assets of the entity, other than:
(i) borrowing costs; and
(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; and
(iii) costs that are otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.
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