Management costs

Investment management fees

The investment management fees shown in the table below should be treated as an estimate and include costs payable to investment managers, asset consultants and custodian. The investment management fee may vary depending upon factors such as the mix of investment managers used within the various investment options.

Performance fees are paid to some investment managers when performance exceeds a predetermined objective. Performance fees payable in the future cannot be predicted and are not included in the table. If all managers who could earn a performance-based fee were to outperform their performance objective by 1%, the investment management fee would increase by an amount in the range of 0% to 0.7%. If the performance fee is incurred, that means that an investment manager has delivered performance that more than compensates for the fee increases.

Investment Option	Investment Management Fee (p.a.)
Diversified (Super default)	0.77%
Moderate Growth (Pension default)	0.66%
Shares Plus	0.87%
High Growth	0.82%
Conservative	0.59%
Defensive	0.49%
Australian Shares	0.68%
International Shares	0.93%
Green Shares	0.95%
Property	0.61%
Diversified Bonds	0.25%
Cash	0.14%
Indexed Balanced	0.15%

Example of annual fees and costs for the Moderate Growth investment option

The table below gives an example of how the fees and costs in the Moderate Growth option for this product can affect your superannuation investment over a one year period. You should use this table to compare this product with other pension products.

EXAMPLE The Moderate Growth Investment Option		Balance of $50,000 with total contributions of $5,000 during year
Contribution Fees	Nil.	N/A.
PLUS Management Costs	0.75% p.a. (investment management fee) and up to 0.10% p.a. (asset-based fee) plus $65 ($1.25 per week) administration fee.	For every $50,000 you have in the Fund you will be charged $425 each year plus the $65 administration fee which does not change regardless of your balance.
EQUALS Cost of fund		If your balance was $50,000, then for that year you will be charged fees of: $490.00* What it costs you will depend on the investment option you choose and the fees you negotiate with your fund or financial adviser.^

* Additional fees may apply:
If you leave the fund, you will also be charged a withdrawal fee of $30.00. The Management costs which apply to the other investment options available are set out in the "Additional explanation of fees and costs" section on this page.
^ Please note that this information is required to be included by law.

Fee increases or alterations

The Trustee has the right to increase fees at any time. Reasons might include changes in economic conditions or government regulations, increases charged by suppliers or a substantial reduction in the size of the Fund. If the Trustee increases any of the fees that are deducted directly from your account, you will receive at least 30 days notice of any increase in fees. The fees and expenses relating to investment reflect costs paid by the Fund to external providers and may change from time to time. These changes will always be advised in the Annual Trustee Report.

Negotiated Fees

NGS Super is an industry super fund and operates on a profit for members only basis. The Fund fees are non-negotiable.

GST

Fees and costs shown in the "Fees and Charges" section of this PDS include GST and stamp duty if applicable.