| RSA Fund | Pension Fund Manager (PFA) | Pension Fund Custodian (PFC) | Regulatory (PenCom) | Total | Fee Basis |
|---|---|---|---|---|---|
| Fund I | 1.500% | 0.300% | 0.225% | 2.025% | Asset Based (% of Net Asset Value) |
| Fund II | 1.200% | 0.250% | 0.200% | 1.650% | Asset Based (% of Net Asset Value) |
| Fund III | 1.100% | 0.225% | 0.175% | 1.500% | Asset Based (% of Net Asset Value) |
| Fund IV | 5.000% | 1.500% | 1.000% | 7.500% | Income Based |
| Fund V (Micro-pensions) | 0.750% | 0.250% | 0.000% | 1.000% | Asset Based (% of Net Asset Value) |
| Fund VI (Active) | 1.200% | 0.250% | 0.200% | 1.650% | Asset Based (% of Net Asset Value) |
| Fund VI (Retiree) | 5.000% | 1.500% | 1.000% | 7.500% | Income Based |
Table 1: RSA Multi-Fund Fee Structure
Note – Fund I, II and III: Asset Based Fees (% Per Annum)
IV: Income Based Fees
3-Year Rolling Average Returns
| FUND I | FUND II | FUND III | FUND IV | FUND V (Micro-Pensions) | Fund VI (Active) | Fund VI (Retiree) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 | 2022 | 2023 | 2024 |
| Fund Price | 1.6016 | 1.9738 | 2.3373 | 5.2752 | 6.2529 | 7.2520 | 1.6677 | 1.8995 | 2.1661 | 4.8865 | 5.5903 | 6.4086 | 1.1724 | 1.3085 | 1.6319 | 1.1560 | 1.3086 | 1.4825 | 1.1635 | 1.3155 | 1.5360 |
| Returns on Investments | 7.41% | 23.24% | 18.42% | 18.63% | 18.53% | 15.98% | 17.30% | 13.90% | 14.04% | 15.91% | 14.40% | 14.64% | 17.24% | 11.61% | 24.72% | 9.54% | 13.20% | 13.29% | 11.81% | 13.06% | 16.76% |
| Three Year Rolling Average | 17.00% | 11.83% | 16.16% | 14.98% | 15.46% | 17.71% | 18.59% | 13.31% | 15.07% | 11.95% | 14.98% | 13.47% | N/A | 21.64% | 19.63% | 10.15% | 11.36% | 14.56% | 10.62% | 11.59% | 13.86% |
Table 2: Maximum Fee Rates on AES/CPFA Funds: Effective 1 July 2018