IOOF MySuper Product Dashboard
Use this dashboard to compare IOOF MySuper to other
MySuper products.
To find out more about IOOF Employer Super, go to ioof.com.au/employer_super.
Go to ASIC's Money Smart website
www.moneysmart.gov.au for more information on
how to pick the right MySuper fund for you.
Return
Return target
Comparison between return
target and return (moving
average)
CPI plus 3.5% pa after fees and taxes.
IOOF aims to achieve or better the return target but
cannot guarantee this to occur.
The investment return for the year ending:
30 June 2016: 3.85%
30 June 2015: 9.15%
IOOF's MySuper investment commencement date is
1 January 2014 hence it will not be possible to show a
10 year moving average comparison until the financial
year ended 30 June 2025.
Statement of fees and costs
Level of investment risk
$540.80 1
Medium to high
Fees and costs for a member with a $50,000 balance.
Negative annual returns are expected in 3 to less than
4 out of every 20 years. The higher the expected
return target, the more often you would expect a year
of negative returns.
1 Additional fees may apply. And, if you leave the super entity, you may be charged an Exit fee of $75 and a buy-sell spread (which
also applies whenever you make an investment purchase or redemption). The buy-sell spread for exiting is 0.25 per cent (this will
equal $125 for every $50,000 you withdraw).
Glossary
Return
The return for IOOF MySuper has been calculated in accordance with the requirements that apply to MySuper. The
return is after investment manager and IOOF MySuper fees and superannuation taxes. Fees include a membership
fee of $117pa and an administration fee of 0.35% and are based on a $50,000 account balance. Tax of 15% has
been assumed.
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Return target
The return target for IOOF MySuper has been calculated in accordance with requirements that apply to MySuper.
The return target has been based on the underlying investment's performance objective of 3.5% (after investment
manager fees). The return target is after IOOF MySuper fees and superannuation taxes. Fees are $117pa and 0.35%
and are based on a member with a $50,000 balance. Tax of 15% has been assumed.
Comparison between return target and return (moving average)
IOOF's MySuper investment commenced 1 January 2014 hence it will not be possible to show a 10 year moving
average comparison until the financial year ended 30 June 2025.
Annual returns will be disclosed from 30 June 2015.
Fees and costs
Fees and costs have been calculated in accordance with requirements that apply to MySuper and are detailed
below:
Example – MySuper strategy
Balance of $50,000
Investment fee
Nil
For every $50,000 you have in the MySuper
strategy, you will be charged $0 each year.
PLUS
Administration fees
Administration Fee 0.35%
AND, you will be charged $292 in
administration fees.
and
Member Fee $117 ($2.25 per week)
PLUS
Indirect costs for
the MySuper
product
MySuper Investment (IOOF
Balanced Investor Trust):
0.50% x $49,500
AND, indirect costs of $248.80 ($247.50 +
$1.30) each year will be deducted from your
investment.
plus
Cash Account:
0.26% x $500
EQUALS
Cost of product
If your balance was $50,000, and $500 of that
was held in your Cash Account then for that
year you will be charged fees of $540.80 1 for
the super product.
1 Additional fees may apply. And, if you leave the super entity, you may be charged an Exit fee of $75 and a buy-sell spread (which
also applies whenever you make an investment purchase or redemption). The buy-sell spread for exiting is 0.25 per cent (this will equal
$125 for every $50,000 you withdraw).
For further information, please contact your financial adviser, visit
www.ioof.com.au or call our Client Services Team on 1800 333 500.
IOOF Investment Management Limited (IIML) | ABN 53 006 695 021 | AFSL 230524
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any
decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax
advice from a registered tax agent. Please obtain and consider the PDS before making any decision about whether to acquire a
financial product. Information is current at the date of issue and may change.
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