Fees & Expenses

Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.

For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).

You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

The Australian Securities and Investments Commission’s (ASIC) Moneysmart website has a managed investment fee calculator to help you check out the different fee options.

Fees for Centuria LifeGoals Investment Options are calculated as the sum of 0.60% net management fee (except for Centuria LifeGoals Pendal Enhanced Cash Fund where the Centuria net management fee is 0.50%) charged by Centuria and the Underlying External Manager Fee depending on the investment options chosen.

The net management fee for Centuria Multi-Manager Investment Options are a flat fee ranging from 1.20% to 1.50% based on the net assets of the relevant Investment Option.

Being aware of the fees and charges you pay on your investment is important due to the overall effect they have on your returns so make sure you familiarise yourself with them. Download the Product Disclosure Statement for full details on the fees and other costs on Centuria LifeGoals investments.

Centuria LifeGoals Investment OptionsCenturia Life Net Management Fee (70% of the gross fee*) per annumUnderlying investment Manager Net Indirect Cost Ratio (70% of the INDIRECT COST RATIO*) per annumTotal net management fee and net indirect cost* per annum
Cash and Fixed Interest Funds
Pendal Short Term Income Securities Fund0.50%0.18%0.68%
Vanguard Australian Fixed Interest Index Fund0.60%0.17%0.77%
BetaShares Aus Inv Grade Corp Bond ETF0.60%0.18%0.78%
Pimco Global Bond Fund0.60%0.32%0.92%
Pimco Australian Bond Fund0.60%0.31%0.91%
Diversified Balanced Funds
Vanguard Diversified Balanced Index Fund0.60%0.20%0.80%
Russell Investments Balanced Fund0.60%0.62%1.22%
MLC Wholesale Horizon 4 Balanced Portfolio0.60%0.68%1.28%
Pendal Sustainable Balanced Fund0.60%0.56%1.16%
Diversified Growth Funds
Vanguard Diversified Growth Index Fund0.60%0.20%0.80%
Russell Investments Growth Fund0.60%0.67%1.27%
MLC Wholesale Horizon 5 Growth Portfolio0.60%0.71%1.31%
Schroder Real Return CPI +5% Fund0.60%0.60%1.20%
Australian Share Funds
Vanguard Australian Shares Index Fund0.60%0.11%0.71%
AB Managed Volatility Equities Fund0.60%0.39%0.99%
Bennelong Concentrated Australian Equities Fund0.60%0.63%1.23%
Firetrail Australian High Conviction Fund0.60%0.53%1.13%
BetaShares Geared Australian Equity ETF (hedge fund)0.60%0.56%1.16%
Fidelity Future Leaders Fund0.60%0.84%1.44%
Greencape Broadcap Fund0.60%0.67%1.27%
Alphinity Sustainable Share Fund0.60%0.67%1.27%
International Share Funds
Vanguard International Shares Index Fund0.60%0.13%0.73%
Walter Scott Global Equity Fund (Unhedged)0.60%0.90%1.50%
T.Rowe Price Global Equity Fund0.60%0.83%1.43%
Magellan Global Fund0.60%0.95%1.55%
Vanguard International Small Company Index Fund0.60%0.29%0.89%
Property & Infrastructure Funds
Vanguard Australian Property Securities Index Fund0.60%0.16%0.76%
Magellan Infrastructure Fund0.60%0.74%1.34%

* The net management fee, net indirect cost and net total fee are shown after the effect of a tax benefit passed on to investors and are the effective after- tax management fee and indirect costs that apply to an Investment Option. They are calculated by reducing the applicable pre-tax gross management fee by 30% p.a. to adjust for a tax deduction benefit allocated by Centuria Life to the relevant Investment Option. Centuria Life charges a gross management fee of 0.86% p.a. but the cost of that fee to an Investment Option is reduced by a 30% tax deduction benefit allocated by Centuria Life to an Investment Option, resulting in a net management fee of 0.60% p.a. For the Centuria LifeGoals Pendal Enhanced Cash Fund the Centuria Life net management fee is 0.50% p.a.

Centuria Multi-Manager Investment OptionsCenturia Life Gross Management FeeCenturia Life Net Management Fee
Centuria Australian Shares Fund1.71%1.20%
Centuria Balanced Fund2.14%1.50%
Centuria Growth Fund2.14%1.50%

Invest today

You are one step closer to securing your future. Download the Centuria LifeGoals PDS to start investing today.

You can apply online for a simple and easy application process, or contact us for any investment, product or administrative enquiries.