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Magellan Global Share and Magellan Global Share – Hedged Fee reductions

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

FirstChoice Wholesale Investments and FirstChoice Investments

Product
Option
Total of management fees and costs and performance fees (p.a.)
Management fees and costs (p.a.)
Performance fee (p.a.)
Product
Option
Total of management fees and costs and performance fees (p.a.)

Previous

New 1/07/2023

Management fees and costs (p.a.)

Previous

New 1/07/2023

Performance fee (p.a.)

Previous 

New 1/07/2023

Product

FirstChoice Wholesale Investments

Option

Magellan Wholesale Global Share

Total of management fees and costs and performance fees (p.a.)

1.80%

1.46%

Management fees and costs (p.a.)

1.56% 

1.46%

Performance fee (p.a.)

0.24% 

N/A

Product
Option

Magellan Wholesale Global Share - Hedged 

Total of management fees and costs and performance fees (p.a.)

1.71%

1.46%

Management fees and costs (p.a.)

1.56%

1.46%

Performance fee (p.a.)

0.15% 

N/A

Product

FirstChoice Investments

Option

Magellan Global Share 

Total of management fees and costs and performance fees (p.a.)

1.74%

1.46%

Management fees and costs (p.a.)

1.59%

1.46%

Performance fee (p.a.)

0.15% 

N/A

Product
Option

Magellan Global Share - Hedged

Total of management fees and costs and performance fees (p.a.)

1.75%

1.46%

Management fees and costs (p.a.)

1.59%

1.46%

Performance fee (p.a.)

0.16% 

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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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.