All super funds need to comply with rules for telling members about their fees and costs.  The following costs can form part of the investment fee, indirect cost ratio or be reflected in the unit price used to calculate your returns.  These are not new or extra fees and costs.
 

Rest Super, Rest Corporate, Acumen, Rest Pension Transition to Retirement

The following table has the estimated transaction and operational costs based on the 12 months ended 30 June 2021.

For Sustainable Growth, this includes several components which are estimates eg. new managers’ estimates and assumptions. The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years. Future fees and costs may differ from past fees and costs.

Investment option Estimated gross transaction and operational costs (pa)*    
  Implicit costs Explicit costs Buy spread range (pa)     Sell spread range (pa)^
Core Strategy 0.04% 0.09% 0.00 - 0.10% 0.00 - 0.06%
Capital Stable 0.06% 0.05% 0.00 - 0.09%  0.00 - 0.05%
Balanced 0.05% 0.07% 0.00 - 0.10% 0.00 - 0.06%
Balanced - Indexed 0.00% 0.00% 0.00 - 0.10% 0.00 - 0.10%
Diversified 0.04% 0.09% 0.00 - 0.10% 0.00 - 0.06%
High Growth 0.03% 0.11% 0.00 - 0.10% 0.00 - 0.07%
Sustainable Growth 0.00% 0.00% 0.00 - 0.08% 0.00 - 0.06%
Cash 0.00% 0.00% 0.00 - 0.01% 0.00 - 0.01%
Bonds 0.11% 0.00% 0.00 - 0.04% 0.00 - 0.03%
Shares 0.02% 0.13% 0.00 - 0.10% 0.00 - 0.07% 
Property 0.00% 0.10% 0.00 - 0.15% 0.00 - 0.05%
Australian Shares 0.02% 0.14% 0.00 - 0.08% 0.00 - 0.06%
Australian Shares - Indexed 0.00% 0.00% 0.00 - 0.13% 0.00 - 0.13%
Overseas Shares 0.02% 0.12% 0.00 - 0.10% 0.00 - 0.08%
Overseas Shares - Indexed 0.00% 0.00% 0.00 - 0.10% 0.00 - 0.10%

* Estimated fees and costs are based on information for the 12 months ending 30 June 2021. For Sustainable Growth, this includes several components which are estimates eg. new managers’ estimates and assumptions. The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years. Future fees and costs may differ from past fees and costs.

^ Should a sell spread apply, we will give you at least 30 days’ prior notice, as required by law.

Rest Term Allocated Pension, Rest Pension


The following table has the estimated transaction and operational costs based on the 12 months ended 30 June 2021.

For Sustainable Growth, this includes several components which are estimates eg. new managers' estimates and assumptions. The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years. Future fees and costs may differ from past fees and costs.
Investment option Estimated gross transaction and operational costs (pa)*    
  Implicit costs Explicit costs Buy spread range (pa)     Sell spread range (pa)^
Core Strategy 0.04% 0.09% 0.00 - 0.10% 0.00 - 0.06%
Capital Stable 0.06% 0.04% 0.00 - 0.09%  0.00 - 0.05%
Balanced 0.05% 0.06% 0.00 - 0.10% 0.00 - 0.06%
Balanced - Indexed 0.00% 0.00% 0.00 - 0.10% 0.00 - 0.10%
Diversified 0.03% 0.09% 0.00 - 0.10% 0.00 - 0.06%
High Growth 0.16% 0.10% 0.00 - 0.10% 0.00 - 0.07%
Sustainable Growth 0.00% 0.00% 0.00 - 0.08% 0.00 - 0.06%
Cash 0.00% 0.00% 0.00 - 0.01% 0.00 - 0.01%
Bonds 0.11% 0.00% 0.00 - 0.04% 0.00 - 0.03%
Shares 0.02% 0.13% 0.00 - 0.10% 0.00 - 0.07% 
Property 0.00% 0.10% 0.00 - 0.15% 0.00 - 0.05%
Australian Shares 0.02% 0.13% 0.00 - 0.08% 0.00 - 0.06%
Australian Shares - Indexed 0.00% 0.00% 0.00 - 0.13% 0.00 - 0.13%
Overseas Shares 0.02% 0.12% 0.00 - 0.10% 0.00 - 0.08%
Overseas Shares - Indexed 0.00% 0.00% 0.00 - 0.10% 0.00 - 0.10%

* Estimated fees and costs are based on information for the 12 months ending 30 June 2021. For Sustainable Growth, this includes several components which are estimates eg. new managers’ estimates and assumptions. The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years. Future fees and costs may differ from past fees and costs.

^ Should a sell spread apply, we will give you at least 30 days’ prior notice, as required by law.

Estimated gross transaction and operational costs


Transactional and operational costs are a broad category of costs that relate to the buying and selling of investments (including investments in underlying assets). These costs will be influenced by the type of investment, the asset class and the investment managers involved in relation to that investment option. Accordingly, the transactional and operational costs will differ between the investment options.

Transactional and operational costs are made up of explicit and implicit costs and are an additional cost to members. The estimated amounts shown in the table above reflect all implicit and explicit transaction and operational costs incurred for the 12 months to 30 June 2021. For Sustainable Growth, this includes several components which are estimates eg. new managers’ estimates and assumptions. The actual amount charged in subsequent financial years will depend on the actual costs incurred in those years. Future fees and costs may differ from past fees and costs.
couple

Explicit costs can include:

• brokerage costs – the amount paid to a broker when buying and selling underlying securities such as shares and derivatives
• settlement fees – the amount paid to manage transaction settlements
• stamp duty - tax placed on legal documents in the transfer of assets or property.
man looking at computer

Implicit costs

These costs may be embedded in the price of the asset and can include things like bid/offer spreads (the difference between the price a buyer is willing to pay (the bid price) and the price a seller is willing to accept (the ask price) for a particular security). These are usually incurred by investment managers buying and selling fixed income securities, foreign currency conversions and listed equities. These implicit costs usually need to be estimated as they are not known with certainty.
Explicit transaction costs are included in the investment fee or the indirect cost ratio of the relevant investment options. They are reflected in the investment option’s unit price.

Some of these transactional and operational costs are also reflected in the buy/sell spread for each investment option.  The buy/sell spread is a fee charged when transacting at the investment option level to recover some of the transactional and operational costs incurred in buying and selling the investment option’s underlying assets.
For information about the fees and costs of your Rest investment, please read the Additional information on fees and costs (Rest Super and Rest Corporate members) or your Member Guide (Acumen members).