FIRSTSUPER FEE CALCULATIONS (Industry & Personal Divisions)
MEMBER PROTECTION

“Member Protection” is applied by FIRSTSUPER to accounts less than $1,000. Member Protection means that administration fees charged to your account will not exceed the earnings credited to your account in a year. When the Fund earnings are negative or low, protected Members can be charged $10 + investment earnings.

PERFORMANCE BASED FEES

Some of the Fund’s investment managers are paid a performance-based fee for achieving results above predetermined levels. These fees are included in the “Indirect Cost Ratio” shown in the fee table. The performance fees will vary from year to year and they are calculated as a percentage of returns above agreed benchmarks.

EXAMPLE OF ANNUAL FEES & COSTS
Example - FIRSTSUPER Balanced Option
Balance of $50,000 with total contributions of $5,000pa
Contribution fees
Nil
For every $5,000 you put in, you will be charged $0.00
+ Management costs

$70.20 pa
+0.77%#
For every $50,000 you have in the Fund you will be charged $385 each year plus $70.20 in administration fees regardless of your balance.
=$455.20
= Costs of Fund
If you put in $5,000 during a year and your balance was $50,000, then for that year you will be charged fees of $455.20. What it costs you will depend on the investment portfolio you choose and what fees you negotiate with your Fund or Financial Advisor.*

* You should refer to the Product Disclosure Statements for full explanations of all fees & charges.
# This percentage is the Balanced investment option Indirect Cost Ratio (ICR). ICR is not charged to your account, it is taken out before investment earnings are declared. ICR changes from year to year as actual costs change.