Synergy Fees & Costs

When you invest in Synergy, fees will apply. The tables below outline the fees and costs associated with your Synergy investment.

 

Synergy administration fee

The Synergy administration fee covers the costs associated with the Synergy service including the investment research and portfolio construction and monitoring, the regular portfolio rebalancing and all portfolio administration and reporting.

Portfolio size Administration fee (per annum excl. GST)
$0 to $500,000 0.55%
$500,001 to $1,000,000 0.45%
$1,000,001 to $5,000,000 0.35%
$5,000,001 + 0.25%

The percentage fee will be charged monthly as detailed in the above table when the total portfolio value reaches the dollar levels specified. The charged percentage fee applies only to the portion of the portfolio value within the dollar range specified. These fees are not charged on cash held in the cash management account. GST is currently charged on 10% of the administration fee, but this may change in the future.

 

Investment management fees

Each of the funds in your portfolio will charge an investment management fee. The weighted average investment management fee for each of the Synergy portfolios is provided in the table below.

Portfolio Weighted average management fee (per annum excl. GST)
Consilium Classic  
20% Growth / 80% Income 0.32%
30% Growth / 70% Income 0.33%
40% Growth / 60% Income 0.34%
50% Growth / 50% Income 0.35%
60% Growth / 40% Income 0.36%
70% Growth / 30% Income 0.37%
80% Growth / 20% Income 0.38%
90% Growth / 10% Income 0.39%
98% Growth / 2% Income 0.40%
Consilium SRI  
20% Growth / 80% Income 0.32%
30% Growth / 70% Income 0.32%
40% Growth / 60% Income 0.32%
50% Growth / 50% Income 0.32%
60% Growth / 40% Income 0.32%
70% Growth / 30% Income 0.32%
80% Growth / 20% Income 0.32%
90% Growth / 10% Income 0.32%
98% Growth / 2% Income 0.32%
Consilium PIE  
30% Growth / 70% Income 0.26%
50% Growth / 50% Income 0.26%
80% Growth / 20% Income 0.27%
98% Growth / 2% Income 0.27%
MyFiduciary  
25% Growth / 75% Income 0.38%
40% Growth / 60% Income 0.43%
55% Growth / 45% Income 0.48%
70% Growth / 30% Income 0.53%
85% Growth / 15% Income 0.57%
98% Growth / 2% Income 0.60%

The individual investment management fees and transactions costs for all of the funds in the Synergy portfolios are provided in the table below.

Asset Class Fund Management fee
(per annum excl. GST)
Transaction costs
buy / sell
Australasian Equities Allan Gray Australia Equity Fund (Class B)* 0.00% 0.20% / 0.20%
Castle Point Trans-Tasman Fund 0.70% 0.30% / 0.30%
Dimensional Australian Small Company Trust 0.61% 0.10% / 0.10%
Dimensional Australian Sustainability Trust 0.31% 0.08% / 0.08%
Dimensional Australian Value Trust 0.34% 0.08% / 0.08%
Harbour NZ Equity Advanced Beta Fund 0.25% Nil
iShares Australian Equity Index Fund 0.11% 0.08% / 0.08%
NZ Core Equity Trust 0.35% 0.10% / 0.10%
SuperLife Invest NZ Top 50 Fund 0.25% Nil
International Equities AMP Capital All Country Global Shares Index Fund 0.29% 0.15% / 0.15%
Capital Group New World Fund 0.95% Nil
Dimensional Emerging Market Trust 0.71% 0.25% / 0.25%
Dimensional Global Core Equity Trust (NZD) 0.36% 0.12% / 0.12%
Dimensional Global Small Company Trust 0.65% 0.12% / 0.12%
Dimensional Global Sustainability Trust (NZD) 0.38% 0.12% / 0.12%
Dimensional Global Value Trust 0.46% 0.10% / 0.10%
iShares Emerging Market IMI Equity Index Fund 0.24% 0.30% / 0.35%
iShares Wholesale Screened International Equity Index Fund (E2) 0.10% 0.07% / 0.07%
Kernel Global Infrastructure Fund 0.29% Nil
Nikko AM Global Shares Hedged Fund
(NZD Hedged)
1.01% 0.07% / 0.07%
Platinum International Fund 1.35% 0.20% / 0.20%
Vanguard Ethically Conscious International Shares Index Fund 0.20% 0.07% / 0.07%
Vanguard Ethically Conscious International Shares Index Fund (NZD Hedged) 0.26% 0.12% / 0.12%
Vanguard International Share Index Fund 0.18% 0.06% / 0.06%
Listed Property Dimensional Global Real Estate Trust (NZD Hedged) 0.40% 0.12% / 0.12%
New Zealand Fixed Interest
 
 
Harbour NZ Corporate Bond Fund (PIE) 0.25% Nil
Milford Trans Tasman Bond Fund 0.55% Nil
Simplicity NZ Bond Fund 0.10% Nil
International Fixed Interest AMP Capital Hedged Global Fixed Interest Index Fund 0.26% 0.20% / 0.50%
Bentham Global Income Fund (NZD Hedged) 0.57% 0.28% / 0.28%
Daintree Core Income Trust (NZD Hedged) 0.17% 0.05% / 0.05%
Dimensional Five-Year Diversified Fixed Interest Trust (NZD) 0.28% 0.08% / 0.12%
Dimensional Global Bond Sustainability Trust (NZD) 0.39% 0.10% / 0.22%
Dimensional Global Bond Trust (NZD) 0.35% 0.10% / 0.30%
Dimensional Two-Year Diversified Fixed Interest Trust (NZD) 0.25% 0.08% / 0.16%
Hunter Global Fixed Interest Fund 0.44% 0.00% / 0.40%
Vanguard Ethically Conscious Global Aggregate Bond Index Fund (NZD) 0.28% 0.13% / 0.29%

All fees and costs are correct as at 31 August 2020 but are subject to change. The long term expectation is for sell spreads to be approximately equal to buy spreads for all funds, however during periods of extreme market volatility, some buy/sell spreads may widen temporarily.

Investment management fees are made up of management fees, expense recoveries and indirect costs. As a result, the investment management fees published by the fund managers are estimates only and the actual costs incurred may differ.

*This fund charges a performance fee of 35% of the fund’s outperformance in comparison to its benchmark. A performance fee is only payable where the fund’s outperformance exceeds the last high water mark. Please refer to the fund’s Product Disclosure Statement for further details.

 

Other fees

Other fees and costs associated with your Synergy investment are explained in more detail in the Investment Proposal for each portfolio.