Find out about all the fees you may incur when investing and learn how you can control them.
With Allan Gray, your investment choices drive your administration fees
We don’t believe in one size fits all. As everyone’s needs are different, every portfolio is too and as such the fees to administer your portfolio should reflect that. That’s the Allan Gray difference – it’s smarter… and we believe it’s fairer. With Allan Gray, you can access our extensive investment menu and simply pay for what you choose to invest in. Use our administration fee calculator
to understand how the investment choices you make control the administration fees you pay.
What are administration fees?
The administration fee includes costs that relate to the administration or operation of Allan Gray Superannuation. It does not include other fees and costs that may apply, such as advice fees, transaction costs, investment fees or indirect costs which you can read about in the disclosure documents or view our fees at a glance overview here
. The sum of the following fees total the administration fee;
Asset based fee
Asset based fees reflect the administration and operation of Allan Gray Superannuation. The administration fee is calculated on the average daily balance of your account and deducted from accounts monthly and on exit, pro-rata by the number of days in the month.
The sub-promoter fee is currently 0.10%p.a. It is payable to Allan Gray and covers the costs of providing certain services in connection with our Solutions. Please note that the investments in Allan Gray Funds are exempt from this fee. The fee is calculated on the average daily balance of your investments other than Allan Gray Funds and deducted from accounts monthly and on exit.
Account keeping fee
Calculated daily and deducted from your Cash Hub monthly and on exit.
Expense recovery fee
The expense recovery fee covers costs that apply to the superannuation fund as a whole which are not already accounted for by the administration fee. The expense recovery fee includes transfers to the Operational Risk Financial Reserve (ORFR) from member accounts if required to meet regulatory requirements. This fee is set by the Trustee and is calculated on the average daily balance and pro-rated by the number of days in the month.