Investment Costs
"Cbus' fee disclosure is one of the best in the industry." - Warren Chant, Chant West (April 2011)
Cbus seeks to deliver best practice disclosure of our investment costs, disclosing the total of all our fees. We believe you have the right to know what fees you are being charged.
Some other superannuation funds don’t fully disclose their total fund manager fees – for example they may exclude or partially exclude fees paid within fund of fund investment structures. Therefore direct comparisons between Cbus and other superannuation funds can be difficult at times.
Investment management costs are calculated in arrears as at 30 June each year. For the 2010/2011 financial year, these fees for each Cbus investment option were:
Cbus Investment Options - Investment Costs (%) for 2010/2011
| High Growth | Growth (Cbus choice) | Conservative | Cash Savings | |
|---|---|---|---|---|
| 0.66% | 0.83% | 0.41% | 0.13% | 0.50% |
What the investment costs include
These costs include fees paid to investment managers, including underlying investment manager fees within fund of fund structures, custodians and asset consultants, property management related expenses, internal investment team costs, bank fees and net GST.
How the investment costs are paid
Investment costs are deducted from the gross investment returns before Cbus declares its crediting rates, either at the end of the financial year or when members withdraw money. This is not deducted from member accounts.
