For full details of the fees and costs including definitions of each fee and cost, please refer to the Pension Product Disclosure Statement.
- Administration fee: $4.50 per week, $234 per year
- Investment fees and costs: Varies according to your chosen investment option(s)
Example of annual fees and costs
This table gives an example of how the fees and costs for the Hostplus Balanced investment option can affect your pension over a 1 year period. You should use this table to compare this product with other pension products.
| Example – Hostplus Balanced option | Balance of $50,000 | |
|---|---|---|
Investment fees |
0.70% | For every $50,000 you have in the Balanced option you will be charged $350 each year |
PLUS Administration fees |
$234 ($4.50 per week) | And, you will be charged $234 in administration fees regardless of your balance |
| PLUS Indirect costs for the Pension product | 0.37% | And, indirect investment costs of $185 each year will be deducted from your investment |
Equals Cost of product |
If your balance was $50,000, then for that year you will be charged fees of $769 for the Pension product. | |
| Note: Additional fees may apply. Please note the Hostplus Pension default investment option is the Cash option, not the Balanced option demonstrated above and these fees will vary from option to option. The inclusion of a Balanced option example is required by law. | ||
Estimated Hostplus Superannuation Fund - 30 June 2020 Investment fees and Indirect costs
The below table sets out the Investment fees and Indirect costs.
The Indirect Cost Ratio and the Investment fee is based on the expenses incurred from 1 July 2019 to 30 June 2020. As a result, these figures are indicative only and may change in subsequent years depending on (for example) the performance of each option. These costs are deducted before the net investment return for each investment option are declared and applied to members’ accounts.
Please note; all fees and costs are inclusive of GST (unless otherwise stated) less any input tax credits and stamp duty (if applicable). The fund passes on any tax deduction on investment costs in the form of higher returns.
The performance based fee component comprises actual fees paid and estimates of fees to be paid for the financial year ending 30 June 2020.
| Investment Fees | Indirect Cost Ratio (ICR) | |||||
|---|---|---|---|---|---|---|
| Investment Option | Management Fees |
Performance Fees |
Total Investment Fees |
Transaction Costs |
Operational Costs |
Total ICR |
| Pension Balanced | 0.53% | 0.17% | 0.70% | 0.21% | 0.16% | 0.37% |
| Capital Stable | 0.28% | 0.04% | 0.32% | 0.14% | 0.08% | 0.22% |
| Conservative Balanced | 0.37% | 0.06% | 0.43% | 0.18% | 0.10% | 0.28% |
| Socially Responsible Investment (SRI) – Balanced* | 0.67% | 0.00% | 0.67% | 0.24% | 0.10% | 0.34% |
| Indexed Balanced | 0.02% | 0.00% | 0.02% | 0.03% | 0.01% | 0.04% |
| Shares Plus | 0.51% | 0.14% | 0.65% | 0.22% | 0.13% | 0.35% |
| Cash | 0.02% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% |
| Diversified Fixed Interest | 0.06% | 0.00% | 0.06% | 0.05% | 0.01% | 0.06% |
| Property | 0.49% | 0.02% | 0.51% | 0.29% | 0.21% | 0.50% |
| Infrastructure** | 0.37% | 0.12% | 0.49% | 0.11% | 0.21% | 0.32% |
| Australian Shares | 0.37% | 0.06% | 0.43% | 0.26% | 0.06% | 0.32% |
| International Shares | 0.46% | 0.05% | 0.51% | 0.19% | 0.10% | 0.29% |
| International Shares – Indexed | 0.02% | 0.00% | 0.02% | 0.01% | 0.10% | 0.11% |
| International Shares (Hedged) – Indexed | 0.02% | 0.00% | 0.02% | 0.04% | 0.04% | 0.08% |
| Macquarie – Australian Fixed Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| BlackRock – International Fixed Interest | 0.08% | 0.00% | 0.08% | 0.08% | 0.01% | 0.09% |
| Industry Super Property Trust – Property | 0.27% | 0.00% | 0.27% | 0.31% | 0.33% | 0.64% |
| Lendlease Australian Prime Property Funds – Property | 0.68% | 0.00% | 0.68% | 0.17% | 0.11% | 0.28% |
| IFM – Australian Infrastructure | 0.37% | 0.00% | 0.37% | 0.06% | 0.19% | 0.25% |
| IFM – Australian Shares | 0.02% | 0.00% | 0.02% | 0.00% | 0.01% | 0.01% |
| Paradice (Small Cap) Australian Shares | 0.78% | 0.00% | 0.78% | 0.64% | 0.07% | 0.71% |
| Neuberger Berman – International Shares | 0.61% | 0.00% | 0.61% | 0.01% | 0.10% | 0.11% |
| Expected Investment Fee | Expected Indirect Cost Ratio | ||||
|---|---|---|---|---|---|
| Management Fee | Performance Fee | Total Investment Fee | Transaction Cost | Operational Cost | Total Indirect Cost Ratio |
| 0.28% | 0.37% | 0.65% | 0.05% | 0.10% | 0.15% |
**The Infrastructure option was introduced on 1 December 2019, therefore the Indirect Cost Ratio and the Investment Fee for this option is not based on actual expenses incurred from 1 July 2019 to 30 June 2020 but on reasonable estimates expected for the full 2019/20 financial year.
Borrowing and Property Operating Costs
The below table sets out the current Borrowing and Property Operating costs. Investment options not listed have nil Borrowing and Property Operating costs.
| Investment Option | Borrowing Costs | Property Operating Costs |
|---|---|---|
| Pension Balanced | 0.19% | 0.16% |
| Capital Stable | 0.13% | 0.11% |
| Conservative Balanced | 0.12% | 0.11% |
| Socially Responsible Investment (SRI) – Balanced | 0.04%* | 0.02%** |
| Shares Plus | 0.11% | 0.09% |
| Infrastructure*** | 0.01% | 0.00% |
| Property | 0.91% | 1.10% |
| Industry Super Property Trust – Property | 0.52% | 1.30% |
| Lendlease Australian Prime Property Funds – Property | 0.61% | 0.71% |
* On 15 February 2021, changes were made to the Socially Responsible Investment (SRI) – Balanced Investment Option’s investment approach and underlying managers, whilst asset allocation ranges and the level of investment risk were not materially changed. The above disclosure reflects estimated Borrowing Costs for the year ended 30 June 2020. From 15 February 2021 to 30 June 2021 expected Borrowing Costs for the Socially Responsible Investment (SRI) – Balanced Option, are 0.07%. This estimate is not based on actual expenses incurred for the year ended 30 June 2020; instead it is based on reasonable estimates expected to apply from 15 February 2021 to 30 June 2021 as a result of those changes. Actual Borrowing Costs may be greater than as disclosed in this document.
***The Infrastructure option was introduced on 1 December 2019, therefore the borrowing costs for this option is not based on actual expenses incurred from 1 July 2019 to 30 June 2020 but on reasonable estimates expected for the full 2019/20 financial year. |
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