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Return | The investment return for the year ending: |
Return target | CPI plus 3.5% pa after fees and taxes over a rolling 10 year basis. IOOF aims to achieve or better the return target but cannot guarantee this to occur. |
Comparison between return target and return (moving average) | IOOF's MySuper investment commenced 1 January 2014 hence it will not be possible to show a 10 year moving average comparison until the financial year ended 30 June 2025. Comparison shown on this dashboard includes the five full financial years from inception of the IOOF MySuper investment strategy.
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Level of investment risk | High Negative annual returns are expected in 4 to less than 6 out of every 20 years. The higher the expected return target, the more often you would expect a year of negative returns. |
Statement of fees and costs | $6321 Fees and costs for a member with a $50,000 balance. |
1 Additional fees may apply. And, if you leave the super entity, you may be charged a sell spread (which also applies whenever you make an investment redemption). The sell spread for exiting is 0.07 per cent as at 30 April 2019 (this will equal $35 for every $50,000 you withdraw).
Glossary
Return
The return for IOOF MySuper has been calculated in accordance with the requirements that apply to MySuper. The return is after investment manager and IOOF MySuper fees and superannuation taxes. Fees include a membership fee of $117 pa and an administration fee of 0.35 per cent and are based on a $50,000 account balance. Tax of 15 per cent has been assumed.
Return target
The return target for IOOF MySuper has been calculated in accordance with requirements that apply to MySuper. The return target has been based on the underlying investment's performance objective of CPI plus 3.5 per cent (after investment manager fees). The return target is after IOOF MySuper fees and superannuation taxes. Fees are $117 pa and 0.35 per cent and are based on a member with a $50,000 balance. Tax of 15 per cent has been assumed.
Comparison between return target and return (moving average)
IOOF's MySuper investment commenced 1 January 2014 hence it will not be possible to show a 10 year moving average comparison until the financial year ended 30 June 2025. Comparison shown on this dashboard includes the five full financial years from inception of the IOOF MySuper investment strategy.
Fee and costs
Fees and costs have been calculated in accordance with requirements that apply to MySuper and are detailed below:
| Example – MySuper strategy | Balance of $50,000 | |
|---|---|---|
Investment fee | Nil | For every $50,000 you have in the MySuper strategy, you will be charged $0 each year. |
PLUS | MySuper Investment | And, you will be charged $292 in administration fees. |
PLUS | MySuper Investment | And, indirect costs of $340 each year will be deducted from your investment. |
EQUALS | If your balance was $50,000, then for that year you will be charged fees of $6321 for the super product. | |
1 Additional fees may apply. And, if you leave the super entity, you may be charged a sell spread (which also applies whenever you make an investment redemption). The sell spread for exiting is 0.07 per cent for the IOOF Balanced Investor Trust (this will equal $35 for every $50,000 you withdraw).
For further information, please contact your financial adviser or call our Client Services Team on 1800 333 500.
IOOF Investment Management Limited (IIML) | ABN 53 006 695 021 | AFSL 230524 Trustee of the IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818, which includes IOOF MySuper.
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Please obtain and consider the PDS before making any decision about whether to acquire a financial product. Information is current at the date of issue and may change.