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Magellan Global Share and Magellan Global Share – Hedged Fee reductions

From 1 July 2023 we have reduced the Investment fees and costs on Magellan Global Share and Global Share - Hedged investment options and the removed the performance fee. The table below details these fee changes. 

Magellan Global Share removal of performance fee

From 1 July 2023 we have removed the performance fee for the Magellan Global Share option. The table below details the fee changes.

Product
Option
Total administration and investment fees and costs (p.a.)
Administration fees and costs (p.a.)
Investment fees and costs (p.a.)
Performance fee (p.a.)
Product
Option
Total administration and investment fees and costs (p.a.)

Previous 

New 1/07/2023                          

Administration fees and costs (p.a.)

No change

Investment fees and costs (p.a.)

Previous

New 1/07/2023                      

Performance fee (p.a.)

Previous

New 1/07/2023                     

Product

FirstChoice Employer Super

Option

Magellan Global Share

Total administration and investment fees and costs (p.a.)

1.36%

1.11%

Administration fees and costs (p.a.)

0.04%

Investment fees and costs (p.a.)

1.07%

1.07%

Performance fee (p.a.)

0.25%

N/A

FirstChoice Wholesale Personal Super and Pension

Product
Option
Total administration and investment fees and costs (p.a.)
Administration fees and costs (p.a.)
Investment fees and costs (p.a.)
Performance fee (p.a.)
Product
Option
Total administration and investment fees and costs (p.a.)

Previous 

New 1/07/2023                          

Administration fees and costs (p.a.)

No change

Investment fees and costs (p.a.)

Previous

New 1/07/2023                      

Performance fee (p.a.)

Previous

New 1/07/2023                     

Product

FirstChoice Wholesale Super 

Option

Magellan Wholesale Global Share

Total administration and investment fees and costs (p.a.)

1.86% 

1.50%

Administration fees and costs (p.a.)

0.20% 

Investment fees and costs (p.a.)

1.40% 

1.30%

Performance fee (p.a.)

0.26%

N/A

Product
Option

Magellan Wholesale Global Share - Hedged 

Total administration and investment fees and costs (p.a.)

1.76% 

1.50%

Administration fees and costs (p.a.)

0.20% 

Investment fees and costs (p.a.)

1.40%

1.30%

Performance fee (p.a.)

0.16%

N/A

Product

FirstChoice Wholesale Pension 

Option

Magellan Wholesale Global Share 

Total administration and investment fees and costs (p.a.)

1.84% 

1.50%

Administration fees and costs (p.a.)

0.20%

Investment fees and costs (p.a.)

1.39%

1.30%

Performance fee (p.a.)

0.25%

N/A

Product
Option

Magellan Wholesale TTR Global Share

Total administration and investment fees and costs (p.a.)

1.92%

1.50%

Administration fees and costs (p.a.)

0.20% 

Investment fees and costs (p.a.)

1.40% 

1.30%

Performance fee (p.a.)

0.32% 

N/A

Product
Option

Magellan Wholesale Global Share - Hedged 

Total administration and investment fees and costs (p.a.)

1.75% 

1.50%

Administration fees and costs (p.a.)

0.20%

Investment fees and costs (p.a.)

1.39%

1.30%

Performance fee (p.a.)

0.16%

N/A

Product
Option

Magellan Wholesale TTR Global Share - Hedged 

Total administration and investment fees and costs (p.a.)

1.74%

1.50%

Administration fees and costs (p.a.)

0.20%

Investment fees and costs (p.a.)

1.40%

1.30%

Performance fee (p.a.)

0.14% 

N/A

We’re here to help

 

For more information about these changes, please refer to the relevant PDS, speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time. 

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Standard Operating Hours

8:30am to 6pm (Sydney time)

 

Holiday Period

CLOSED public holidays (25 to 26 Dec & 1 Jan)

23 Dec 2024 to 3 Jan 2025, 9am to 3pm (Sydney time)

6 to 10 Jan 2025, 8:30am to 5pm (Sydney time)

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.

 

Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.