Fund managers charge fees to cover costs associated with investing and managing your money.  

CommSec does not charge fees. However, CommSec may be paid an annual listing fee or trailing commission by the fund manager. These fees are not charged to investors.

CommSec rebates up to 100% of upfront entry (or contribution) fees as additional units. These fees are normally around 4% of the initial investment when you invest with a fund manager directly. 

Fund managers charge an ongoing annual fee generally referred to as an indirect cost ratio (ICR) or management expense ratio (MER). These vary significantly depending on the fund type and represent most of the fees charged for operating a fund.

Transaction fees (buy/sell/spread) are charged when you make or redeem investments. They are usually charged on both entry and exit to cover transaction costs such as brokerage and stamp duty. These fees are deducted from the unit price of your investment.

Exit fees are sometimes charged when a fund manager needs to recover costs incurred when you withdraw your investment. Exit fees are deducted from your investment as a dollar amount. 

Other fees, such as performance fees, are sometimes charged for funds that seek to outperform benchmarks. Check the Product Disclosure Statement for full details of fees charged by your fund.

A distribution is profit earned by a fund and paid to investors, and may include income such as interest, dividends and realised capital gains.

A distribution is expressed as a cents-per-unit amount. For example, if your fund pays a distribution of two cents per unit, and you hold 1000 units, your total distribution payment would be $20 ($0.02 x 1000).

Most funds distribute at the end of each financial quarter, and distributions are normally paid within 14 days of the calculation date. You can elect either to reinvest your distribution, or have it paid to your bank account.

You should expect a confirmation of your investment within 10 business days of the Fund Manager receiving your application and all supporting documentation. You can check the status of your application by contacting the Fund Manager directly.

If you have any further questions, please contact CommSec Managed Funds on 13 15 20 between 8 am and 5 pm (Sydney time), Monday to Friday.

You can track the value of your managed fund investment by logging into the CommSec website. Select 'Add Holding' from Portfolio > Accounts > Fund Holdings and enter your managed fund investment details. Managed fund unit prices are provided by Morningstar and the value of your investment will be included in your portfolio value.

If you have any further questions, please contact CommSec Managed Funds on 13 15 20 between 8am and 5pm (Sydney time), Monday to Friday.

Each fund manager has a unique investment style. When choosing a fund manager, you should choose one that aims to meet your investment objectives and risk profile.

While our selection of Managed Funds is a good starting point, you need to consider the Product Disclosure Statement (PDS) for each fund in the context of your personal financial situation before making any decision to invest. Keep in mind that our selection is not a complete list of all funds on the market, and the inclusion of a particular fund on our website is not a recommendation of that fund. You should seek independent professional advice if you are not confident about your ability to choose a fund.

If you have any further questions, please contact CommSec Managed Funds on 13 15 20 between 8am and 5pm (Sydney time), Monday to Friday.

To sell or redeem units in a managed fund, contact the fund manager directly.

If you have any further questions, please contact CommSec Managed Funds on 13 15 20 between 8am and 5pm (Sydney time), Monday to Friday.

To top up your investment or make regular contributions, please contact the fund manager. If you initially invested via CommSec please let the fund manager know that as a CommSec  client any additional contribution fees should be rebated in the same way as the initial contribution fee.

If you have any further questions, please contact CommSec Managed Funds on 13 15 20 between 8am and 5pm (Sydney time), Monday to Friday.

No. Managed funds are structured differently to shares. Unlike shares, most managed funds aren't listed on the Australian Stock Exchange. If you wish to increase your holdings, or sell/redeem units in a fund you have invested in, you will need to contact the relevant Fund Manager who should be able to organise this for you directly.

As the investment is with the fund manager rather than CommSec, the funds won't automatically appear in your CommSec portfolio. However, if you are a CommSec account holder you are able to track the performance of your investments with our free portfolio monitoring tool.

You can track the value of your managed fund investment by logging into the CommSec website and selecting Portfolio. Select 'Add Holding' from Portfolio > Accounts > Holdings and enter your managed fund investment details. Managed fund unit prices are provided by Morningstar and the value of your investment will be included in your portfolio value.

If you have any further questions, please contact CommSec Direct Managed Funds on 13 15 20 between 8am and 5pm (Sydney time), Monday to Friday.