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Fees

What it costs

Small differences in fees can have a big impact on the long-term performance of your investments. For this reason, we aim to keep fees as low as possible while still giving you great customer service.

1. Administration fees

These fees are paid to cover the costs of administering your ifsinvest account. The administration fee is up to 0.66% p.a. of the total value of the Model Portfolios and Managed Funds in your ifsinvest account. The minimum fee you will be charged is $17 per month ($204 p.a.).

Account Balance% p.a.How and when paid
Up to $250,000 Greater of $204 or 0.66% The administration fee is tiered based on your account balance. 
You do not incur the fee for amounts held in Term Deposits or the Cash Hub.
$250,001 - $2,000,000 0.61%
$2,000,001 - $5,000,000 0.51%
$5,000,001 - $10,000,000 0.31%
Greater than $10,000,000 0.04%

Fees are not charged to establish your account, close your account, process withdrawals or additional investments, or to switch between investments.

2. Custodian fee

The Custodian fee relates to the custody and safe keeping of your Model Portfolios and Managed Funds.

The Custodian fee is 0.055% p.a., of the total value of the Model Portfolio and Managed Fund in your ifsinvest account.

3. Cash Hub fee

The Cash Hub fee is an indirect fee on the balance of the Cash Hub that is applied prior to the interest rate being declared.

4. Investment Management fees

Model Portfolios

Each Model Portfolio incurs a Direct Investment Management Fee of 0.15%.

Model Portfolios invest in Managed Funds. These Managed Funds have Indirect Management Costs which are deducted from their unit prices.

The amounts shown below are net of rebates. Where rebates apply, they will be deposited to your Cash Hub.

 

Model Portfolio Name  Direct Investment Management Fee p.a           Indirect Management Costs p.aTotal p.a
IFS Secure  0.15%  0.09% 0.24%
IFS Income Plus  0.15% 0.11% 0.26%
IFS Balanced  0.15% 0.17%  0.32% 
IFS Growth  0.15% 0.15% 0.30%
IFS High Growth  0.15% 0.19% 0.34%
IFS Cash  0.15% 0.08% 0.23%
IFS Fixed Interest  0.15% 0.07% 0.22%
IFS Property  0.15% 0.12% 0.27%
IFS Australian Shares  0.15% 0.27% 0.42%
IFS International Shares  0.15% 0.07% 0.22%

Managed Funds

The Investment Management Fees range from 0.066% and 1.540% p.a., depending on which Managed Fund you choose. The fees are an indirect cost.

Managed Fund NameIndirect Cost Ratio (p.a.)Rebate applies1?
Cash
Colonial First State Wholesale Cash Fund 0.410%  Yes
Fixed Interest 
BlackRock Indexed Australian Bond Fund 0.200%  Yes
BlackRock Global Bond Index Fund 0.200%  Yes
Alternative Debt  
T Rowe Price Dynamic Global Bond Fund   0.400% -
Property  
State Street Australian Listed Property Index Trust 0.160%  Yes
Vanguard International Property Securities Index Investment Fund (hedged) 0.430%  Yes
Australian Shares  
BT Wholesale Australian Sustainable Share Fund 0.850%  Yes
Invesco Wholesale Australian Smaller Companies Fund – Class A 1.250%  Yes
Investors Mutual Australian Share Investment Fund 0.993%  -
Perpetual Wholesale Australian Share Fund 0.990%  Yes
Perpetual Wholesale Ethical SRI Fund 1.175%  Yes
Perpetual Wholesale Smaller Companies Fund 1.250%  Yes
Plato Australian Shares Income Fund 0.900%  Yes
State Street Australian Equities Index Trust 0.160% Yes 
Vanguard Australian Shares Index Fund 0.180%  Yes
International Shares  
BlackRock Indexed Hedged International Equity Fund 0.200%  Yes
BlackRock Indexed International Equity Fund 0.200%  Yes
Platinum Asia Fund 1.540%
Platinum International Fund 1.540% -
Realindex Emerging Markets Fund – Class A 0.790%  Yes
Schroder Global Core Fund 0.400%  Yes
Stewart Investors Worldwide Sustainability Fund 0.750%
Infrastructure  
Lazard Global Listed Infrastructure Fund 0.980%  -
Liquid Alternatives    
Pinebridge Global Dynamic Asset Allocation Fund 1.100%  Yes

1The amount of the rebate will be deposited to your Cash Hub.

5. Transaction fees

These are fees associated with buying or selling investments.

  • Model Portfolios: Nil
  • Managed Funds: $25 per buy or sell
  • Term Deposits: $25 per buy

It is important that you understand all the fees that may be incurred. You should read fee information contained in the Disclosure Documents of: 

  1. ifsinvest including the Service Guide and Model Portfolio Guide, and
  2. the individual investments that you select.

 

To further assist you in understanding the fees that you pay, all fees charged by ifsinvest are deducted from the Cash Hub so you can see from your statements exactly how much you are paying.

Example

The example is provided by way of illustration to show an estimate of the total price paid in acquiring the investments through ifsinvest and the fees charged in the first year. The actual amount you will pay may vary from the estimate in this example. Speak to our Client Care Team or your Adviser for more information about the estimated fees and costs for your proposed investments.

Example: $150,000 investment.

InvestmentInvestment Amount
IFS Secure (Model Portfolio) $100,000
T Rowe Price Dynamic Global Bond Fund (Managed Fund) $25,000
ME Term Deposit $20,000
Cash Hub $5,000
Total Investment Portfolio $150,000

The fees and costs the investor would pay are shown below. In this example, the total fees the investor would pay during the year would be less than 1% of the investment portfolio.

 

InvestmentFee typeInvestment AmountFee %Fee ($)
IFS Secure
(Model Portfolio)
Direct Investment Management Fee $100,000 0.150% p.a. $150.00
  Other Management Costs
(Indirect Investment Management Fee)
  0.090% p.a. $90.00
T Rowe Price Dynamic Global Bond Fund
(Managed Fund)
Other Management Costs
(Indirect Investment Management Fee)
$25,000 0.400% p.a. $100.00
  Transaction Fee   - $25.00
ME Term Deposit Transaction Fee $20,000 - $25.00
Cash Hub1 Cash Hub Fee $5,000 1.000% p.a. $50.00
  Administration Fee   0.660% p.a. $825.00
  Custodian Fee   0.055% p.a. $68.75
  Total Fee
    $1,333.75
  Fees and costs as a % of investment
    0.89%

This example does not take into account the effect of returns, market movements or buy/sell spreads on the value of investments. It also assumes you maintained a balance of $5,000 in your Cash Hub throughout the year.