Fair fees & competitive returns

See how Verve compares

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Investing for good can mean competitive returns

Our 2020 performance compared to the market*

 

AVERAGE BALANCED FUND              3.64%

TOP QUARTILE PERFORMANCE                          4.33%

VERVE SUPER                                                                                      6.20%

AVERAGE BALANCED FUND 3.64%

TOP QUARTILE PERFORMANCE 4.33%

VERVE SUPER 6.20%

With reference to 2020 SuperRatings data for the 12 months to 31 December 2020: (a) The Average Balanced Fund is based on the annual return of the median super fund option in the ‘balanced’ category of over 200 super fund options; (b) The Top Quartile performance is based on the annual return of the median super fund option in the top quartile of performers in the ‘balanced’ option category of over 200 super fund options.
The Verve Super return is the annual return achieved for the Verve Super Balanced investment option for the 12 months to 31 December 2020. The return shown is after variable fees and taxes have been deducted and before the fixed fee is applied. Return of capital is not guaranteed and past performance is not indicative of future performance.

Verve Super perfomance

1 Month

3 Months

6 Months

1 Year

2 Years

Since inception

3.34%

6.16%

6.88%

12.85%

8.50%

10.45%

This table shows the returns achieved by the Verve Super Balanced investment option as calculated at 30 June 2021. The returns shown are after variable fees and taxes have been deducted and before the fixed fee is applied. Return of capital is not guaranteed and past performance is not indicative of future performance.
1 Month
3 Months
1 Year
2 Years
Since Inception
2.04%
0.68%
14.29%
7.56%
8.8%
This table shows the returns achieved by the Verve Super Balanced investment option as calculated at 26 February 2021. The returns shown are after variable fees and taxes have been deducted and before the fixed fee is applied. Return of capital is not guaranteed and past performance is not indicative of future performance.

Administrative & investment fees

Balance below $5,000? We won’t charge the $60 p.a. administration fee.

These fees are the total Investment Fees, Administration Fees and Indirect Cost Ratio payable in respect of the Balanced investment option. Other fees and costs may apply to your account. Please read the Product Disclosure Statement for the full details about how fees apply to Verve Super.

Type of fee or cost^
Amount
Investment fee
0.300% p.a.
Administration fee
$1.15 p.w. ($60 p.a.)
Balance below $5,000? We won't charge this weekly fee.
+
0.775% p.a.
Indirect cost ratio*
0.112% p.a.
Other fees & costs~
Other fees and costs may apply. Refer to the “Additional Explanation of Fees and Costs” in the Additional Information Booklet

 

 

This is not an annual fee. It is applied to the unit price before processing each buy and sell transaction.
This fee information is current for the 2021-2022 financial year and is subject to change. If your account balance is less than $5,000, the dollar-based administration fee will not be charged. If your account balance is less than $6,000 at the end of the financial year, the total combined amount of investment and administration fees, and indirect costs, charged to your account is capped at 3% of your account balance. Any amount that has been charged in excess of the cap will be refunded to your account. Refer to the Additional Information Booklet for more information.
*The indirect cost ratio is an estimate of the investment-related costs likely to be incurred for the 2021-2022 financial year, based on the costs incurred for the previous financial year.
Other fees, such as activity fees and insurance fees may also be charged. These fees will depend on the nature of the activity or insurance chosen by you. Insurance fees and other costs relating to insurance are set out in the Insurance Guide. If you consult a financial adviser, additional fees may be payable to the adviser. You should refer to the adviser’s Statement of Advice for details.

Type of fee or cost^

Investment fee

0.300% p.a.

Administrative fee

$1.80 p.w. ($93.60 p.a.)
+ 0.775% p.a.

Indirect cost ratio*

0.120% p.a.

Other fees & costs~

Other fees and costs may apply. Refer to the “Additional Explanation of Fees and Costs” in the Additional Information Booklet for more information.

This is not an annual fee. It is applied to the unit price before processing each buy and sell transaction.
This fee information is current for the 2020-2021 financial year and is subject to change. If your account balance is less than $5,000 at the end of the financial year, the dollar-based administration fee will not be charged. If your account balance is less than $6,000 at the end of the financial year, the total combined amount of investment and administration fees, and indirect costs, charged to your account is capped at 3% of your account balance. Any amount that has been charged in excess of the cap will be refunded to your account. Refer to the Additional Information Booklet for more information.
The indirect cost ratio is an estimate of the investment-related costs likely to be incurred for the 2020-2021 financial year, based on the costs incurred for the previous financial year.
Other fees, such as activity fees and insurance fees may also be charged. These fees will depend on the nature of the activity or insurance chosen by you. Insurance fees and other costs relating to insurance are set out in the Insurance Guide. If you consult a financial adviser, additional fees may be payable to the adviser. You should refer to the adviser’s Statement of Advice for details.

Baby Bump program

On parental leave? Verve members who take parental leave after the arrival of a new child, whether by birth or adoption, can apply for a rebate of the  fixed administration fee for up to 12 months.

• Available to all members, regardless of gender

• Available for parents by birth or adoption

• Available for a maximum of 12 months

Parents must have taken parental leave, or reduced their working hours.

If you would like, Verve can also contact your employer, or support you, to ask them to keep paying your super during your parental leave.


CONTACT US TO APPLY
MOTER-BABY-PLATFORM

Product information

Your super is invested to make an impact

 

Balanced

• Zero fossil fuels & other ethical screens
• Invests in renewable energy and social impact projects
• A balanced allocation to growth and defensive assets

 
Ethical + Gender Lens Screens
Positive Impact investments
Asset allocation
65% Growth
35% Defensive
Investment objectives
CPI + 2.5% p.a.
over rolling ten-year periods
(after fees and taxes)

Balanced

• Zero fossil fuels.
• Invests in renewable energy and social impact projects.
• A balanced allocation to growth and defensive assets.

Ethcial + Gender Lens Screens
Positive Impact investments
Asset allocation
65% Growth
35% Defensive
Investment objectives
CPI + 2.5% p.a.
over rolling ten-year periods
(after fees and taxes).

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FAQs

The dollar based administration fee ($60 p.a.) is deducted directly from your account balance on a monthly basis, paid in arrears. The variable investment and administration fees (1.075% p.a.) are accrued and reflected in the calculation of the unit price and the indirect cost ratio (0.110% p.a.) is deducted from the investment returns of the underlying investments. These variable fees are not paid directly from your account. 

Read our PDS for the full break down of fees and costs that apply to your Verve account.

To support Verve Super members of any gender who have recently become new parents, whether by birth or adoption, we provide a rebate of the fixed administration fee for up to 12 months through Verve’s Baby Bump Program. Contact us for information and to let us know you’ve recently welcomed a new child into your family. If you would like, Verve can also contact your employer, or support you, to ask them to keep paying your super during your parental leave.

Verve does not charge the dollar based administration fee ($60 p.a.) on balances under $5,000. The variable investment and administration fees still apply. This helps to reduce the extent to which small balances, including the super balances of young people, can be eroded by fees.
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