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 Options||Centuria Life Net Management Fee (70% of the gross fee*) per annum||Underlying investment Manager Net Indirect Cost Ratio (70% of the INDIRECT COST RATIO*) per annum||Total net management fee and net indirect cost* per annum|
|Cash and Fixed Interest Funds|
|Pendal Short Term Income Securities Fund||0.50%||0.18%||0.68%|
|Vanguard Australian Fixed Interest Index Fund||0.60%||0.17%||0.77%|
|BetaShares Aus Inv Grade Corp Bond ETF||0.60%||0.18%||0.78%|
|Pimco Global Bond Fund||0.60%||0.32%||0.92%|
|Pimco Australian Bond Fund||0.60%||0.31%||0.91%|
|Diversified Balanced Funds|
|Vanguard Diversified Balanced Index Fund||0.60%||0.20%||0.80%|
|Russell Investments Balanced Fund||0.60%||0.62%||1.22%|
|MLC Wholesale Horizon 4 Balanced Portfolio||0.60%||0.68%||1.28%|
|Pendal Sustainable Balanced Fund||0.60%||0.56%||1.16%|
|Diversified Growth Funds|
|Vanguard Diversified Growth Index Fund||0.60%||0.20%||0.80%|
|Russell Investments Growth Fund||0.60%||0.67%||1.27%|
|MLC Wholesale Horizon 5 Growth Portfolio||0.60%||0.71%||1.31%|
|Schroder Real Return CPI +5% Fund||0.60%||0.60%||1.20%|
|Australian Share Funds|
|Vanguard Australian Shares Index Fund||0.60%||0.11%||0.71%|
|AB Managed Volatility Equities Fund||0.60%||0.39%||0.99%|
|Bennelong Concentrated Australian Equities Fund||0.60%||0.63%||1.23%|
|Firetrail Australian High Conviction Fund||0.60%||0.53%||1.13%|
|BetaShares Geared Australian Equity ETF (hedge fund)||0.60%||0.56%||1.16%|
|Fidelity Future Leaders Fund||0.60%||0.84%||1.44%|
|Greencape Broadcap Fund||0.60%||0.67%||1.27%|
|Alphinity Sustainable Share Fund||0.60%||0.67%||1.27%|
|International Share Funds|
|Vanguard International Shares Index Fund||0.60%||0.13%||0.73%|
|Walter Scott Global Equity Fund (Unhedged)||0.60%||0.90%||1.50%|
|T.Rowe Price Global Equity Fund||0.60%||0.83%||1.43%|
|Magellan Global Fund||0.60%||0.95%||1.55%|
|Vanguard International Small Company Index Fund||0.60%||0.29%||0.89%|
|Property & Infrastructure Funds|
|Vanguard Australian Property Securities Index Fund||0.60%||0.16%||0.76%|
|Magellan Infrastructure Fund||0.60%||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 Options||Centuria Life Gross Management Fee||Centuria Life Net Management Fee|
|Centuria Australian Shares Fund||1.71%||1.20%|
|Centuria Balanced Fund||2.14%||1.50%|
|Centuria Growth Fund||2.14%||1.50%|