Collective investment products—Example of annual fees and costs for a balanced investment option
212 Collective investment products—Example of annual fees and costs for a balanced investment option
Example of annual fees and costs for a balanced investment option
This table gives an example of how the fees and costs in the balanced investment option for this product can affect your investment over a 1 year period. You should use this table to compare this product with other products offered by [managed investment schemes / retail CCIVs].
EXAMPLE—the Balanced Investment Option | BALANCE OF $50 000 WITH A CONTRIBUTION OF $5 000 DURING YEAR | |
Contribution Fees | 0‑4% | For every additional $5 000 you put in, you will be charged between $0 and $200. |
PLUS Management Costs | 1.3% | And, for every $50 000 you have in the balanced investment option you will be charged $650 each year. |
EQUALS Cost of balanced investment option |
| If you had an investment of $50 000 at the beginning of the year and you put in an additional $5 000 during that year, you would be charged fees of from: $650 to $850* What it costs you will depend on the investment option you choose and the fees you negotiate. |
* Additional fees may apply:
Establishment fee—$50
And, if you leave the [managed investment scheme / retail CCIV] early, you may also be charged exit fees of between 0 and 5% of your total account balance (between $0 and $2 500 for every $50 000 you withdraw)
This Act’s bill:Explanatory statement
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