For full details of the fees and costs including definitions and explanations, please refer to the Product Disclosure Statement.
| Hostplus Superannuation Fund | ||
|---|---|---|
| Type of fee | Amount | How and when paid |
| Ongoing annual fees and costs1 | ||
| Administration fees and costs4 |
$78.00 p.a. ($1.50 per week)
|
Deducted from your account each month and is paid into the Fund’s Administration Reserve.
Deducted from the Fund’s Administration Reserve throughout the year and not from the member’s account balance.
Deducted daily and paid to the Trustee monthly from gross investment earnings of the Fund before net investment returns are applied to your account. |
| Investment fees and costs2 |
Varies according to your chosen investment option(s), ranges between 0.03% and 0.93%4. This includes the 0.0155% trustee fee on your See Section 6 of the Member Guide for further information. |
Deducted daily from gross investment earnings before net investment returns are applied to your account. Included in the investment fees and costs of your chosen investment option(s) (other than Choiceplus) deducted daily and paid to the Trustee monthly from the option’s gross investment earnings before net investment returns are applied to your account. |
| Transaction costs3 |
Varies according to your chosen investment option(s), ranges between 0.00% and 0.40%4. See Section 6 of the Member Guide for further information. |
Transaction costs are incurred when assets are bought or sold. |
| Member activity related fees and costs | ||
| Buy–sell spread |
Nil |
Not applicable |
| Switching fee |
Nil |
Not applicable |
| Other fees and costs |
See 'Additional explanation of fees and costs' in Section 6 of the Member Guide for a description of other fees and costs; such as activity fees, advice fees for personal advice, insurance fees and Choiceplus investment option fees |
|
Additional fees apply for your investments in Choiceplus. Please go to section 6 of the Member Guide.
1. If your account balance for a product offered by the superannuation entity is less than $6,000 at the end of the entity’s income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2. Investment fees and costs includes an amount of 0.28% for performance fees. The calculation basis for this amount is set out under “Additional explanation of fees and costs”. No trustee fee is calculated as part of the ChoicePlus investment fees and costs.
3. Disclosed transaction costs are an estimate based on transaction costs payable in the previous financial year.
4. Administration and investment fees and costs are estimates based on the financial year ended 2021. Because the fees and costs are estimates based on the previous financial year’s, fees and costs payable in respect of each future year may be higher or lower.
*For further information about the trustee fee go to section 6 of the Member Guide
Example of annual fees and costs for a MySuper product
This table gives an example of how the ongoing annual fees and costs for the default Balanced investment option for this superannuation product can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.
| Example - Hostplus Balanced option | Balance of $50,000 | |
|---|---|---|
| Administration fees | $78.00 p.a. (deducted from your Hostplus account) plus $30.64 p.a. (deducted from the Fund’s Administration Reserve) plus $8.25 trustee fee p.a. on your account balance. |
For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $8.25 in administration fees and costs, plus $108.64 regardless of your balance1 |
| PLUS Investment fees and costs | 0.90% | And, you will be charged or have deducted from your investment $450 in investment fees and costs. |
| PLUS Transaction costs | 0.10% | And, you will be charged or have deducted from your investment $50 in transaction costs. |
| Equals Cost of product | If your balance was $50,000, at the beginning of the year, then for that year you will be charged fees and costs of $616.89 for the superannuation product. | |
Note: Additional fees may apply. 1. Please note that the flat fee of $108.64 is payable regardless of your account balance. |
||
Cost of product for 1 year
The cost of product gives a summary calculation about how ongoing annual fees and costs can affect your superannuation investment over a 1-year period for all superannuation products and investment options. It is calculated in the manner shown in the Example of annual fees and costs.
The cost of product information assumes a balance of $50,000 at the beginning of the year. Additional fees such as a buy-sell spread may apply: refer to the Product Disclosure Statement.
You should use this figure to help compare superannuation products and investment options.
| Investment option | Cost of product |
|---|---|
| Balanced | $616.89 |
| Capital Stable | $391.89 |
| Conservative Balanced | $456.89 |
| Socially Responsible Investment (SRI) - Balanced | $281.89 |
| Indexed Balanced | $156.89 |
| Shares Plus |
$621.89 |
| Cash | $131.89 |
| Diversified Fixed Interest |
$171.89 |
| Diversified Fixed Interest - Indexed |
$181.89 |
| Property |
$546.89 |
| Infrastructure |
$431.89 |
| Australian Shares |
$526.89 |
| Australian Shares - Indexed |
$136.89 |
| International Shares |
$456.89 |
| International Shares - Indexed |
$161.89 |
| International Shares (Hedged) - Indexed | $161.89 |
| International Shares – Emerging Markets | $506.89 |
| Macquarie - Australian Fixed Interest |
$131.89 |
| BlackRock - International Fixed Interest | $201.89 |
| Industry Super Fund Property Trust - Property | $321.89 |
| Lend Lease Managed Australian Prime Property Funds | $691.89 |
| IFM - Australian Infrastructure | $406.89 |
| IFM - Australian Shares | $141.89 |
| Paradice Investment Management (Small Cap) | $706.89 |
| Neuberger Berman - International Shares | $426.89 |
Additional explanation of fees and costs
| Estimated Hostplus Superannuation Fund - 30 June 2021 Fees and costs | ||||
|---|---|---|---|---|
| Investment Option | Investment fees and costs (Excluding Performance Fees) |
Performance Fees |
Transaction Costs |
Total investment fees and costs |
| Balanced | 0.62% | 0.28% | 0.10% | 1.00% |
| Capital Stable | 0.37% | 0.11% | 0.07% | 0.55% |
| Conservative Balanced | 0.45% | 0.14% | 0.09% | 0.68% |
| Socially Responsible Investment (SRI) – Balanced | 0.26% | 0.00% | 0.07% | 0.33% |
| Indexed Balanced | 0.06% | 0.00% | 0.02% | 0.08% |
| Shares Plus | 0.65% | 0.25% | 0.11% | 1.01% |
| Cash | 0.03% | 0.00% | 0.00% | 0.03% |
| Diversified Fixed Interest | 0.06% | 0.00% | 0.05% | 0.11% |
| Diversified Fixed Interest - Indexed | 0.07% | 0.00% | 0.06% | 0.13% |
| Property | 0.59% | 0.04% | 0.23% | 0.86% |
| Infrastructure | 0.57% | 0.02% | 0.04% | 0.63% |
| Australian Shares | 0.50% | 0.18% | 0.14% | 0.82% |
| Australian Shares - Indexed | 0.04% | 0.00% | 0.00% | 0.04% |
| International Shares | 0.57% | 0.01% | 0.10% | 0.68% |
| International Shares – Indexed | 0.09% | 0.00% | 0.00% | 0.09% |
| International Shares (Hedged) – Indexed | 0.09% | 0.00% | 0.00% | 0.09% |
| International Shares- Emerging Markets | 0.64% | 0.00% | 0.14% | 0.78% |
| Macquarie – Australian Fixed Interest | 0.03% | 0.00% | 0.00% | 0.03% |
| BlackRock – International Fixed Interest | 0.09% | 0.00% | 0.08% | 0.17% |
| Industry Super Property Trust – Property | 0.37% | 0.00% | 0.04% | 0.41% |
| Lendlease Australian Prime Property Funds – Property | 0.75% | 0.00% | 0.40% | 1.15% |
| IFM – Australian Infrastructure | 0.58% | 0.00% | 0.00% | 0.58% |
| IFM – Australian Shares | 0.05% | 0.00% | 0.00% | 0.05% |
| Paradice (Small Cap) Australian Shares | 0.93% | 0.00% | 0.25% | 1.18% |
| Neuberger Berman – International Shares | 0.61% | 0.00% | 0.01% | 0.62% |
