Increase to management cost calculations
On 1 November 2009, the way in which the Trustee calculates the estimates of investment management costs for the pre-mixed investment options will change. From this date, 0.03% pa will be deducted from the pre-mixed investment options to recover the Trustee’s expenses in managing the investments of the Fund. This may result in an increase in the overall investment management costs, depending on the amount of other investment expenses incurred throughout the year, such as the fees paid to consultants or investment managers.
Investment management costs 2006–2010
|
Option
|
For year ended 30 June 2006
|
For year ended 30 June 2007
|
For year ended 30 June 2008
|
For year ended 30 June 2009
|
Estimate for year ended 30 June 2010*
|
|
High Growth
|
0.38% pa
|
0.39% pa
|
0.36% pa
|
0.35% pa
|
0.38% pa
|
|
Diversified
|
0.32% pa
|
0.33% pa
|
0.30% pa
|
0.29% pa
|
0.32% pa
|
|
Balanced
|
0.27% pa
|
0.28% pa
|
0.24% pa
|
0.24% pa
|
0.27% pa
|
|
Capital Guarded
|
0.23% pa
|
0.22% pa
|
0.19% pa
|
0.19% pa
|
0.22% pa
|
* Includes 0.03% pa expense recovery.
|
