Investment costs
The total annual investment cost for each investment option comprises:
- investment fees and costs (including performance fees) and
- transaction costs.
The amount of investment fees and costs, performance fees, transaction costs and buy-sell spread may change without prior notice.
Investment fees and costs and transaction costs can vary each year for each investment option. The tables below show the investment fees and costs and transaction costs for the 2023 and 2024 financial years (except performance fees which are generally based on an average of the amount incurred for the previous 5-year period).
The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years and may differ from past fees and costs.
For information about the fees and costs of your Rest investment, please read the Additional Information on Fees and Costs booklet (which is applicable for the Rest Super and Rest Corporate product) or Rest Pension PDS available at rest.com.au/pds.
Rest Super, Rest Corporate and Rest Pension - Transition to Retirement
Investment option |
(A) Investment fees and costs (including performance fees) (pa)* |
(B) Performance fees (pa)# |
(C) Transaction costs (pa)*^ |
(A) + (C) Total investment cost (pa) |
||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | |
| Cash | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% |
| Capital Stable | 0.40% | 0.47% | 0.03% | 0.04% | 0.05% | 0.08% | 0.45% | 0.55% |
| Balanced | 0.47% | 0.53% | 0.04% | 0.05% | 0.06% | 0.09% | 0.53% | 0.62% |
| Balanced - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Growth | 0.48% | 0.53% | 0.05% | 0.06% | 0.07% | 0.10% | 0.55% | 0.63% |
| Sustainable Growth | 0.28% | 0.40% | 0.00% | 0.00% | 0.05% | 0.07% | 0.33% | 0.47% |
| High Growth | 0.52% | 0.58% | 0.06% | 0.07% | 0.08% | 0.11% | 0.60% | 0.69% |
| Australian Shares - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Overseas Shares - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Bonds** | 0.23% | 0.27% | 0.00% | 0.00% | 0.01% | 0.00% | 0.24% | 0.27% |
| Property** | 0.62% | 0.65% | 0.01% | 0.01% | 0.16% | 0.23% | 0.78% | 0.88% |
| Diversified** | 0.49% | 0.58% | 0.05% | 0.06% | 0.07% | 0.11% | 0.56% | 0.69% |
| Shares** | 0.34% | 0.35% | 0.03% | 0.03% | 0.07% | 0.08% | 0.41% | 0.43% |
| Australian Shares** | 0.32% | 0.33% | 0.03% | 0.04% | 0.06% | 0.07% | 0.38% | 0.40% |
| Overseas Shares** | 0.35% | 0.36% | 0.03% | 0.02% | 0.07% | 0.09% | 0.42% | 0.45% |
Rest Pension - Retirement account
Investment option |
(A) Investment fees and costs (including performance fees) (pa)* |
(B) Performance fees (pa)# |
(C) Transaction costs (pa)*^ |
(A) + (C) Total investment cost (pa) |
||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | |
| Cash | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% |
| Capital Stable | 0.40% | 0.46% | 0.03% | 0.04% | 0.06% | 0.08% | 0.46% | 0.54% |
| Balanced | 0.48% | 0.52% | 0.05% | 0.06% | 0.06% | 0.10% | 0.54% | 0.62% |
| Balanced - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Growth | 0.48% | 0.53% | 0.06% | 0.07% | 0.07% | 0.10% | 0.55% | 0.63% |
| Sustainable Growth | 0.28% | 0.39% | 0.00% | 0.00% | 0.05% | 0.05% | 0.33% | 0.44% |
| High Growth | 0.53% | 0.58% | 0.07% | 0.08% | 0.08% | 0.11% | 0.61% | 0.69% |
| Australian Shares - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Overseas Shares - Indexed | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Bonds** | 0.23% | 0.27% | 0.00% | 0.00% | 0.01% | 0.00% | 0.24% | 0.27% |
| Property** | 0.59% | 0.64% | 0.01% | 0.01% | 0.13% | 0.23% | 0.72% | 0.87% |
| Diversified** | 0.49% | 0.57% | 0.06% | 0.07% | 0.07% | 0.11% | 0.56% | 0.68% |
| Shares** | 0.36% | 0.36% | 0.05% | 0.05% | 0.06% | 0.08% | 0.42% | 0.44% |
| Australian Shares** | 0.37% | 0.36% | 0.07% | 0.07% | 0.07% | 0.09% | 0.44% | 0.45% |
| Overseas Shares** | 0.35% | 0.36% | 0.03% | 0.02% | 0.07% | 0.08% | 0.42% | 0.44% |
* Investment fees and costs and transaction costs are based on information for the financial years ended 30 June 2023 and 30 June 2024, except in relation to performance fees.
** Closed investment options: The Bonds, Property, Diversified, Shares, Australian Shares and Overseas Shares investment options were removed on 2 November 2024.
# Performance fees are generally based on an average of the amount incurred for the previous 5-year period. See the ‘Performance fees’ section in the Additional Information on Fees and Costs document or Rest Pension PDS at rest.com.au/pds for more information.
^ Transaction costs are net of amounts recovered through the buy-sell spread. See the ‘Gross Transaction costs’ section in the Additional Information on Fees and Costs document or the Rest Pension PDS at rest.com.au/pds for the transaction costs of the fund without taking into account any amount recovered through buy-sell spread.
Past costs are not a reliable indicator of future costs.
Investment fees and costs
The investment fees and costs shown above are deducted from the assets of the relevant investment options before the unit price is determined. Investment fees and costs are expressed as an annual percentage of the net assets of each investment option.
The investment fees and costs for each investment option are based on costs for the financial years ended 30 June 2023 and 30 June 2024 (except for performance fees - see below). The actual fees and costs each year may be higher or lower than the costs shown and may change without prior notice.
Where a tax deduction is available to the fund for investment fees and costs and expenses, the benefit is passed on to members through lower taxation and reduced investment fees and costs (excludes Rest Pension – Retirement accounts). Your annual statement will disclose the investment fees and costs (including performance fees) that have been applied to your investment for the year.
Performance fees
We do not charge a performance fee. Some investment options however may incur performance fees which are included as part of the investment fees and costs. Because performance fees are only incurred if investment managers outperform an agreed target return, this may result in the investment fee changing from time to time. Performance fees and target returns may also vary from year to year.
The performance fees shown in the table above are generally based on an average of the amount incurred for the previous 5-year period. See the ‘Performance fees’ section in the Additional Information on Fees and Costs document or Rest Pension PDS at rest.com.au/pds for more information.
Performance fees for each investment manager may be calculated differently. However, they all have the following common elements:
- only payable to a manager if they exceed a target level of return;
- calculated and accrued regularly (where possible), and incorporated into the calculation of unit prices; and
- typically payable annually.
Transaction costs
Transaction costs vary depending on the investment option you have selected to invest in. These costs can include expenses such as brokerage costs, settlement fees, stamp duty and buy-sell spreads. These are estimated costs based on the information provided to Rest and will vary from year to year depending on the composition of the underlying fees and costs associated with the investment.
Transaction costs are accrued and reflected in the investment option’s unit price and deducted from the assets of the underlying investment option.