Fee changes effective 1 July 2022

Significant Event Notice

Fee changes effective 1 July 2022

We are writing to let you know that our total disclosed fees will be changing on 1 July 2022. The fees that are deducted from your account each month are not changing.

What are disclosed fees?

Disclosed fees are the fees included in a fund’s disclosure documents and cover the costs that are reasonably expected to be incurred by an individual using the fund’s product. Not all of these fees can be known in advanced with full certainty and as such best estimates are often used. Furthermore, not all fees included in a disclosed fee are directly charged to a members account.

Christian Super’s disclosed fees are made up of the following fee types:

An administration fee of $1.25 per week, plus 0.23% of your account balance (capped at $1,500 p.a.), deducted from your account each month. This is not changing.

Total investment fees and costs – this varies depending on your investment option, and is deducted before you receive your net investment returns, not from your account balance.

Total investment fees and costs are increasing for all of our diversified investment options, however they are not changing for our Ethical Index Shares and Ethical Cash options.

Why are total investment fees and costs increasing?

In response to changing market conditions, we’ve made some adjustments to our asset allocation percentages. As a result, Christian Super’s recent investment performance has been very strong –all of our diversified investment options were ranked in the top 10 vs other super funds for the 12 months ending 31 March 2022.*

However this improved performance has also resulted in increased investment manager costs, as a result of performance fees and other similar factors, which has increased the total investment fees and costs that we need to disclose in our Product Disclosure Statement (PDS).

What does this mean for me?

Your total disclosed fees will depend on your account balance and investment option(s).

The table below shows the annual difference in disclosed fees for a member with $50,000 invested in our default My Ethical Super product:

Where can I find more information?

Click here for further details including the total investment fees and costs for all of our investment options.

If you have any other questions, please contact our Member Care Team on 1300 360 907 or email members@christiansuper.com.au

Regards,
Astrid Dare
Chief Member Experience Officer

* Source: SuperRatings. Investment options have been ranked vs options with a similar percentage of growth assets offered by other super funds.