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Changes to buy sell spreads 8 June 2020

Colonial First State has adjusted the buy/sell spreads on a number of investment options to reflect underlying changes in market transaction costs.

The buy/sell spreads are changing for the investment options, where applicable, to:

  • FirstChoice (Wholesale) Investments
  • FirstChoice (Wholesale) Personal Super and Pension

 

The table below outlines the changes made to the buy/sell costs as at 8 June 2020:

                                                    

Investment option Current spread per transaction (%)  New spread per transaction (%) Difference (%)
Acadian Wholesale Australian Equity
0.20 0.15 -0.05
Acadian Wholesale Australian Equity Long Short
0.25 0.15 -0.10
Acadian Wholesale Geared Australian Equity
0.20-0.50 0.15-0.40 -0.05/-0.10
Acadian Wholesale Geared Global Equity
0.10 - 0.25 0.05-0.15 0.05/-0.10
Acadian Wholesale Global Equity Long Short 0.15 0.10 -0.05
Acadian Wholesale Global Managed Volatility Equity 0.15 0.05 -0.10
Altrinsic Wholesale Global Equity 0.20 0.10 -0.10
Antipodes Wholesale Global 0.25 0.15 -0.10
Ausbil Wholesale Australian Emerging Leaders 0.25 0.20 -0.05
Bennelong Kardinia Wholesale Absolute Return1
0.15
0.10
-0.05
Colonial First State Wholesale Equity Income1 0.15 0.10 -0.05
Colonial First State Wholesale Geared Global Property Securities
0.25 – 0.65 0.10 – 0.30 -0.15/–0.35
Colonial First State Wholesale Global Listed Infrastructure Securities1
0.25 0.15 -0.10
Colonial First State Wholesale Global Property Securities
0.20 0.15 -0.05
Colonial First State Wholesale High Growth 0.25 0.15 -0.10
Colonial First State Wholesale Property Securities 0.20 0.15 -0.05
Fidelity Wholesale Australian Equities1 0.20 0.15 -0.05
FirstChoice Wholesale Asian Share
0.30 0.20 -0.10
FirstChoice Wholesale Geared Global Share  0.15 – 0.24 0.10 – 0.16 -0.05/–0.08
FirstChoice Wholesale Geared Growth Plus
0.20 – 0.50 0.15 – 0.40 -0.05/–0.10
FirstChoice Wholesale Global Infrastructure Securities
0.20 0.10 -0.10
FirstChoice Wholesale Global Property Securities    0.20 0.15 -0.05
FirstChoice Wholesale Global Small Companies
0.20 0.15  -0.05
FirstChoice Wholesale High Growth1 0.25   0.15 -0.10
FirstChoice Wholesale Lower Volatility Australian Share 0.20 0.15  -0.05
FirstChoice Wholesale Property Securities1 0.20  0.15  -0.05
Ironbark Wholesale Property Securities
 
0.20  0.15  -0.05
Janus Henderson Wholesale Global Natural Resources 0.25   0.15 -0.10
Lazard Wholesale Select Australian Equity1 0.20  0.10  -0.10
Magellan Wholesale Infrastructure1
0.15  0.10 -0.05
Maple-Brown Abbott Wholesale Australian Share
0.20 0.10 -0.10
MFS Wholesale Global Equity  0.15   0.10 -0.05
Milliman Wholesale Managed Risk Australian Share1
0.20 0.15 -0.05
Pendal Wholesale Active Balanced 0.20 0.15 -0.05
Pendal Wholesale Concentrated Global Share 0.10  0.20 0.10
Wholesale Global Emerging Market Opportunities 0.25 0.20 -0.05
Platinum Wholesale Asia1
0.25 0.15 -0.10
Platinum Wholesale International1
0.25 0.10 -0.15
Realindex Wholesale Australian Share1 0.10 0.05 -0.05
Realindex Wholesale Australian Small Companies
0.10 0.05 -0.05
Realindex Wholesale Emerging Markets 0.20 0.15 -0.05
Realindex Wholesale Global Share1 0.15   0.10 -0.05
Realindex Wholesale Global Share - Hedged 0.15 0.10 -0.05
Schroder Wholesale Australian Equity1 0.20 0.15 -0.05
State Street Wholesale Australian Equity 0.15  0.10 -0.05
Stewart Investors Wholesale Global Emerging Markets Leaders2 0.25 0.20 -0.05
T. Rowe Price Wholesale Australian Equity 0.20 0.15 -0.05

1 This investment option is also available within the FirstChoice Wholesale Pre-Retirement Pension investment menu in FirstChoice Wholesale Pension.
2 This option is closed to new investors.

These changes have not been incorporated into the Supplementary Product Disclosure Statements (SPDS) also issued on 8 June 2020 for these products.

 

If you intend to buy or sell units in these options, you need to be aware of the changed transaction costs and the impact on the spreads of the option.

Disclaimer
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.
 

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